Forex Daily Forecast, Analysis and Prediction

In the last three trading sessions last week, the USD/JPY price resumed its decline after it successfully tested the 108.93 resistance

The US dollar weakened amid expectations of a US rate cut for the third time in the upcoming Federal Reserve meeting at the end of October.

Earlier this week, the GBP / JPY pair showed consolidation despite expectations of a bearish price gap for all GBP pairs

Overall bearish sentiment continues to dominate the cryptocurrency market, but some cryptocurrencies show signs of decoupling

Canada heads to the polls today which may result in a pause in the Canadian Dollar’s strong performance

While China, for the first time, confirmed positive developments in its trade truce with the US, Brexit uncertainty has spiked

After China kept its 1-Year and 5-Year Prime Loan Rate unchanged, against a backdrop of expectations

The West Texas Crude Intermediate contract for December initially tried to rally during the trading session on Friday but gave back the gains as we approached the $55 level.

The US dollar fell a little bit during the trading session on Friday, which quite frankly is a big surprise considering that it was testing the 200 day EMA against the Japanese yen.

The S&P 500 initially fell during trading on Friday, as traders headed towards the weekend.

The natural gas markets went back and forth during the trading session on Friday, spurred by both technical and fundamental reasoning.

The NASDAQ 100 has fallen a bit during the trading session but did find enough buyers later in the day to turn things around.

The Gold markets did very little during the day on Friday as we continue to hover around the 50 day EMA.

The Euro has rallied again during the trading session on Friday as we continue to see a bit of a reaction to the repo operations in the United States.

The British pound has a rough weekend ahead of it. Quite frankly, with the parliament in the United Kingdom voting on the Brexit deal that Boris Johnson has struck with the Europeans, it’s almost impossible to have a position on over the weekend.