Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair went back and forth during the day on Friday, showing a bit of hesitation to go down to even lower levels.

Gold prices settled at $1065.96 per ounce, falling nearly 0.7% over the course of the week, as the Fed's rate hike decision dulled demand for the precious metal.

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As it is the holiday season, we can expect a significantly quieter week than last week and recent days prior to that. Get the economic and political calendar for the popular currencies for the week of December 21, 2015 here.

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The EUR/USD pair initially tried to rally during the session on Thursday but then turned back around and fell to the 1.08 level.

The USD/CAD pair broke higher during the course of the session on Thursday, clearing the top of the shooting star from the Wednesday session.

The GBP/USD pair initially tried to rally during the course of the day on Thursday, but as you can see found more than enough resistance of the 1.50 level to turn things back around and fall significantly.

Gold prices sank 2% and closed at a fresh six-year low on Thursday as strength in the dollar weighed on the market and drew investors away from the precious metal.

Get the NZD/USD Forex Signal for December 17, 2015.

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The USD/CAD pair rose during the course of the session on Wednesday, testing the 1.3850 level. However, by the time the day ended we ended up pulling back in forming a bit of a shooting star.

The EUR/CHF pair fell rather significantly during the course of the session on Wednesday, but as we have seen several times, the market bounced near the 1.0750 level.