Forex Daily Forecast, Analysis and Prediction

Thin trading volumes allowed the NZD/JPY to extend its rally over the past two weeks, but 2020 may see the return of a risk-off period.

Turkey’s economy is forecast to expand by 3.0% in 2020. The Turkish government predicts economic growth of 5.0% in each of the next three years,

GBPUSD: Ranging between 1.3062 and 1.3143

EURUSD: Bullish Above 1.1188

Throughout last week's trading, the price of the EUR/USD pair rose in an upward correction despite the market being on holidays for Christmas,

The GBP/USD pair was not able to celebrate its strong gains after the announcement of a landslide victory for the Conservative Party led by Boris Johnson, which pushed it towards the 1.3514 resistance,

For the fourth consecutive day, gold prices stabilized around and above the $1500 psychological resistance level, with gains that extended to $1515

Despite the decline of the US dollar against most other major currencies during the past week's trading, the USD/JPY pair has maintained its upward momentum

The West Texas Intermediate Crude Oil market did almost nothing during the day on Friday, as the markets have gotten a bit overextended.

Natural gas markets initially fell during the trading session on Friday to pierce the $2.20 level.

The Euro has exploded to the upside during the trading session on Friday, slicing through the 200 day EMA and even reaching towards the 1.12 level.

The US dollar has fallen a bit during the trading session on Friday, showing signs of weakness for the short term, but when you look at the daily chart you can see that we are clearly testing the ¥109.50 level for a bit of “balance.”

The British pound has rallied significantly during the trading session on Friday, to break back above the crucial 1.30 level.

The Australian dollar rallied a bit during the trading session on Friday, getting about 40 pips.

AUDUSD: Very bullish but round number ahead at 0.7000