Forex Daily Forecast, Analysis and Prediction

Natural gas markets have fallen again during the trading session on Friday to end a miserable week yet again.

The gold markets pulled back just a bit during the trading session on Friday, but then shot higher as we continue to see a lot of bullish pressure in general.

Cotton markets have fallen during the trading session on Friday, breaking below the $70 level.

Bitcoin markets have been rather positive as of late but have also pulled back the last couple of days.

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Ripple’s XRP token sales plunged by 80% in the fourth quarter of 2019 to the lowest amount in three years.

Following a lower low in the EUR/USD, the downtrend remains intact but technical developments suggest a short-covering rally is brewing.

Preliminary PMI data for January out of Australia showed an acceleration of recessionary data, with the services sector leading.

Fourth-quarter consumer prices in New Zealand rose more than anticipated, with the annualized CPI clocking in at 1.9%.

The US dollar has pulled back a bit during the trading session on Thursday against the Japanese yen, reaching down towards the 50 day EMA before bouncing.

The Australian dollar has been all over the place during the trading session on Thursday, initially shooting higher due to the employment figures being better than anticipated.

The gold markets have gone back and forth during the trading session on Thursday, as we continue to try to build up enough momentum to go higher.

The FTSE 100 futures market initially pulled back a bit during the trading session on Thursday, reaching down towards the 50 day EMA and finding support.