Forex Daily Forecast, Analysis and Prediction

The US dollar has gone back and forth during the day on Friday just as we did on Thursday, showing signs of support at the ¥112 level.

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Gold prices settled at $1219.04 an ounce on Friday, rising 1.25% over the course of the week, as a rout in global stock markets prompted investors to seek shelter in safe-haven assets.

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The Euro rallied significantly during the trading session on Thursday, breaking towards the 1.16 level.

Bitcoin markets sold off rather drastically during the trading session on Wednesday, breaking the back of the hammer from the previous session and the $6500 level.

The WTI Crude Oil market gapped lower and below the $73 level to kick off the day, breaking all the way down to the $71 level.

The US dollar initially tried to rally against the Japanese yen during the day on Thursday but found enough resistance to turn things around and form a bit of an inverted hammer.

The S&P 500 initially went higher during the day as the Americans stopped on board, but we are clearly starting to break down again.

Gold prices ended Thursday’s session up $29.46 an ounce as sliding global stock markets spurred demand for the metal.