Forex Daily Forecast, Analysis and Prediction

Gold prices climbed for a third day and settled at $1257.03 an ounce, gaining $21.25 over the course of the week, as stock markets turned lower and the American dollar weakened.

As the month of February 2017 ends, check out our weekly forecast focusing on some of the major Forex currency pairs to focus on as we move into a new month.

Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of February 27, 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 27, 2017.

There will be a light news schedule this week, compared to last week which was also quite light. The only central bank input expected this week is from the Bank of Canada.

Gold markets rallied during the day on Thursday, showing real strength as we approached the $1250 level.

The EUR/USD pair went back and forth during the day on Thursday. The British pound rallied during the day on Thursday, breaking above the 1.25 level.

The USD/JPY pair fell on Thursday, testing the 112.50 level. The AUD/USD pair went back and forth during the day on Thursday, as volatility continues.

The S&P 500 had a rather flat day, as we bounced around in a tight range. The NASDAQ 100 broke down during the day on Thursday, and although we did bounce towards the end of the day it doesn’t suggests confidence at this point.

The WTI Crude Oil market rally during the day on Thursday, as the building inventories was less than expected. Natural gas markets tried to rally during the session on Thursday, but turned around to form a very bearish looking candle.

Get the gold daily Forex signal for February 24, 2017 here.

Get the EUR/CHF Forex signal for February 24, 2017 here.

Get the ZAR/JPY Forex signal for February 24, 2017 here.

Get the GBP/JPY Forex signal for February 24, 2017 here.

Get the AUD/CHF Forex Signal for February 24, 2017 here.