Forex Daily Forecast, Analysis and Prediction

Safe-haven assets like gold are in demand as portfolio managers make year-end adjustments to their positions.

GBPUSD: Pound hit new 17-month highs after British election

Preliminary PMI data out of France, Germany, and the Eurozone as a whole will provide the next fundamental catalyst for the EUR/CHF.

Bitcoin markets did almost nothing again during the trading session on Thursday as we flounder around the $7200 level.

The Australian dollar has initially tried to rally during the trading session on Friday but found enough resistance above the 200 day EMA to turn things right back around and wipe out the candlestick from the Thursday session.

Following the announcement of a phase-one trade deal between the US and China, that failed to meet even reduced expectations, the USD/JPY spiked into its resistance zone.

EURUSD: Bullish from support at 1.1110

After UK Prime Minister Johnson swept to a landslide victory last Thursday, delivering the best election results since 1987, the British Pound extended its massive rally that began after the Brexit referendum.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 15, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 16, 2019 here.

Get the Forex forecast for major pairs for the week of December 16, 2019 here.

Bitcoin is amid an insignificant bounce, although a further breakdown is expected to follow.

Central banks in developed economies are either in a holding pattern or cut interest rates from record-low levels.

Following yesterday’s Swiss National Bank interest rate decision, were interest rates remained unchanged at -0.75%, the Swiss Franc weakened against the Australian Dollar.

As global markets await US President Trump to approve what many consider an insignificant phase-one trade deal, the NZD/USD spiked into its resistance zone.