Forex Daily Forecast, Analysis and Prediction

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The Euro initially fell during the day on Friday but then got a bit of a boost as the jobs number was turned around by Jerome Powell, who suggested that perhaps the Federal Reserve was willing to bend to the will of Wall Street and keep the cheap money coming if necessary.

Bitcoin did very little during the session on Friday, as it has essentially flattened out.

The WTI Crude Oil market has rallied significantly during trading on Friday after a stronger than anticipated jobs number out of the United States.

The US dollar initially fell on Friday but got a bit of a boost from a strong jobs figure, and a huge move in the stock market after Jerome Powell suggested that the Federal Reserve was watching the markets and therefore there could be a bit of a “Fed put” being thought of yet again.

The S&P 500 has exploded to the upside after initially dipping slightly on Friday, with the “one-two punch” of a stronger jobs number than anticipated

Gold prices ended Friday’s session down $9.09 an ounce as the dollar rose in the wake of U.S. non-farm payrolls data for December, which suggested the economy maintained strong momentum at the end of 2018.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of January 6, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 6, 2019 here.

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The Euro rallied a bit during the trading session on Thursday, taking back some of the losses from Wednesday.

The US dollar has been very noisy against the Japanese yen during the trading session on both Wednesday and Thursday, and we are now hanging about just below the ¥108 level.

The S&P 500 gapped lower to kick off trading on Thursday, as we have seen a very negative reaction to Tim Cook of Apple suggesting that most of the iPhone disappointment in sales comes from a weaker than expected Chinese market.