Forex Daily Forecast, Analysis and Prediction

USDCHF Analysis: 0.9700 continues to hold as support

GBPUSD: Bearish below 1.2088

EURUSD: Ranging from 1.1163 to 1.1244

The Australian dollar went back and forth during the trading session on Friday, dancing around the 0.68 handle.

The US dollar fell a bit during the trading session on Friday, reaching down below the ¥105.50 level.

Gold markets have had a strong week or so, but as we are just above the $1500 level, it’s likely that we are going to pull back a bit as the market tries to come to grips with the idea of being above that level.

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The NASDAQ 100 has rallied significantly during the trading session on Thursday, gaining over 2% during the trading session.

The Australian dollar has rallied quite nicely during the trading session on Thursday, breaking above the 0.68 handle.

The US dollar has fallen a bit during trading on Thursday a bit of a “risk off” type of situation.

The British pound has been shopping around for several days, and I think at this point we are simply trying to digest some of the losses that Sterling has seen.

The Euro tried to rally during the trading session on Thursday but continues to find selling pressure above the 1.12 handle.

Gold markets pulled back a bit during the trading session on Thursday, testing the $1500 region before bouncing later in the day.