Forex Daily Forecast, Analysis and Prediction

Gold markets went back and forth during the trading session on Friday, showing signs of noise and confusion.

Bitcoin markets have done very little during the trading session on Friday after rallying on Thursday.

Friday’s OPEC+ deal collapse sent oil prices tumbling, creating more massive concerns for financial markets than Covid-19 related economic disruptions.

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After the US Federal Reserve implemented a panic interest rate cut of 50 basis points, the first monetary adjustment

Following a new 2020 high in the USD/ZAR, the 50 basis point interest rate cut by the US Federal Reserve ended the advance.

The US dollar broke down significantly heading into the jobs number as the Japanese yen safety currency came into play.

The Euro has rallied significantly during the trading session on Thursday, showing signs of even more strength

Looking at the British pound, you can see that we are plainly rallied significantly during the trading session on Thursday.

The NASDAQ 100 continues to see a lot of noise as there are concerns about what the rate cuts mean out of the Federal Reserve.

The S&P 500 is going to be a complete mess during the day on Friday if the last couple of sessions have been any indication.

The Australian dollar has fallen during a large portion of the session, but as you can see, we turn right back around to show signs of life again.

The natural gas markets initially tried to rally during the trading session on Thursday, but then has broken down yet again.