Forex Daily Forecast, Analysis and Prediction

The US dollar initially dipped a bit during the trading session on Friday, but after the jobs number rocketed higher to break above the ¥109 level handling and approach the ¥109.50 level.

Gold markets pulled back a little bit during the trading session on Friday, as the $1325 level has caused too much resistance.

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The Euro continued to grind sideways during the month of January, giving it absolutely no reason to think that the market is going to go anywhere in a substantial way anytime soon.

The US dollar has been rather noisy against the Japanese yen over the last several weeks, as we had plunged all the way down to the ¥105 level, before bouncing rather significantly in the “yen flash crash.”

The Australian dollar has been very choppy over the course of the last month, and as we roll into the month of February, I think there are a lot of questions that will be answered during the month of February

The US dollar has been consolidating against the Swiss franc in a major rising wedge over the last several months.

The British pound has been the shooting much higher against many other currencies around the world as there seems to be a delay in the Brexit coming.

The New Zealand dollar has fallen a bit over the last several weeks, and then started to consolidate against the Canadian dollar.

The Euro initially tried to break above the 1.15 level but gave back enough of the gains to turn around and break down to the 1.1450 level.

Bitcoin initially tried to rally during the trading session on Thursday again, but as we have seen several times now, sellers come in to squash these rallies.

The US dollar fell significantly during the trading session on Thursday but turned around to bounce and form a hammer like candle.

The WTI Crude Oil market rallied significantly during the trading session on Thursday but gave up a lot of momentum above the $55 level, as traders closed position that the jobs number.