Forex Daily Forecast, Analysis and Prediction

British pound traders initially sold to kick off the trading session on Friday, but then turned around to show signs of life again.

The S&P 500 went back and forth during the trading session on Friday after gapping lower, but this would have been extraordinarily low volume.

Bitcoin markets rallied a bit during the trading session on Friday and what would have been very light trading overall, as Americans are still focusing on the Thanksgiving holiday.

The NASDAQ 100 went back and forth during the trading session on Friday, in what would have been very light trading.

Gold markets have rallied a bit during the day on Friday in what would have been very low volume.

Despite the release of a disappointing New Zealand terms of trade index for the third quarter, with a contraction in trade volume grabbing the attention of traders,

Bullish momentum in the CAD/CHF is fading as this currency pair eclipsed its entire Fibonacci Retracement Fan, but ran into a strong resistance zone.

Japanese company sales and profits decreased for the third quarter, but capital spending accelerated.

GBPUSD: Weakly bullish within 1.2750 – 1.3000 range

EURUSD: Pivotal point at 1.0993 holding is weakly bullish sign

The United States dollar has rallied significantly against the Japanese yen over the last couple of months, and it should continue to do so during the month of December.

The British pound has been at the epicenter of the three year debate on how to exit the European Union.

Looking at the Euro, you can see it has been more choppy behavior over the last month or so.

The Euro has had a rough run against the British pound over the last several weeks, and as I write this, we are testing a major support level.

The Australian dollar has been relatively quiet as of late, but when you think about it makes quite a bit of sense as the Australian economy is so heavily dependent on the Chinese mainland.