Forex Daily Forecast, Analysis and Prediction

Natural gas markets have continued to see strength during the week, and Friday was no exception.

Bitcoin had a very strong session on Friday as we headed into the weekend.

The gold markets rallied during the trading session on Friday, shooting to the $1520.90 level during the New York session, but gave back the gains to end up forming a massive shooting star.

As unrest in Hong Kong intensifies, capital continues to rotate into Singapore which is benefiting the economy long-term.

Similar to the Japanese Yen, the Swiss Franc is a safe haven asset which usually outperforms during risk-off sessions.

Despite the growing optimism that the US and China will resolve their trade war to a certain degree, allowing both countries to appear victorious without addressing the core issues

USDCHF Analysis: Weakly bullish above 0.9940

GBPUSD: Consolidating on Brexit uncertainty

EURUSD: Pivotal point likely at 1.1063

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As global economic reports this week highlighted, the economy continues to slow down faster than most economists have predicted.

Following a breakout above its support zone, the USD/CHF extended its advance and pushed above its descending 38.2 and 50.0 Fibonacci Retracement Fan Resistance Levels, turning them into support.

Downside pressure has increased following yesterday’s ECB announcement which was the last one under Draghi who will leave the central bank,