Forex Daily Forecast, Analysis and Prediction

With the beginning of the week's trading, the European single currency, Euro, is up for an important date with the first official remarks by new ECB Governor Christine Lagarde

Mixed results from the official jobs report may support the continuation of the bullish correction for the GBP/USD this week as well

For three consecutive trading sessions, the price of gold moved up to the $1516 resistance, taking advantage of the pressure on the US dollar, which is inversely moving with the yellow metal.

The USD/JPY price did not celebrate its gains at the beginning of last week, which pushed it to the 109.28 resistance, its highest level in three months.

The NASDAQ 100 rally during the trading session on Friday after the jobs never came out better than anticipated.

The WTI Crude Oil market rallied significantly during the trading session on Friday, especially later in the day, to break above the 50 day EMA.

The S&P 500 rallied significantly during the trading session on Friday, breaking above the 3050 level in a sign of extreme strength.

Natural gas markets have initially fallen during the trading session on Friday but found enough support underneath the turn things around a start to break to the upside.

Gold markets initially fell during the trading session on Friday as the jobs never came out stronger than anticipated but given enough time, we have seen the markets come back and end up forming a hammer.

NZDUSD: Strong resistance near 0.6500

AUDUSD: Bullish but running into strong resistance

USDJPY: Short-term bullish break above 108.30

Bitcoin: Bullish consolidation above $8,893 continues

The US dollar bounced a bit during the trading session on Friday, after the jobs never came out better than anticipated.

The US dollar has traded back and forth during the session on Friday as we got the Non-Farm Payroll figure.