Forex Daily Forecast, Analysis and Prediction

Get the Forex forecast for some major currency pairs like the EUR/USD, GBP/USD and more for the week of December 7, 2014 here.

The EUR/USD pair fell after initially rallying during the session on Thursday. It appears of the 1.25 level is going to continue to be rather resistive, and as a result we should see the sellers step back into the marketplace.

The USD/JPY pair stopped at the 120 handle as it prepares for the nonfarm payroll announcement. That announcement of course will be crucial as his pair always react strongly during in one direction or the other.

The XAU/USD pair closed the day slightly lower that opening but remained within the trading range of the previous two days.

Facebook Inc.(NASDAQ:FB) has partnered with IT security firm Eset in a deal that will accord users with a free anti-malware software, which should help Facebook and its users find and detect potential malware running on user PCs.

Liberty Teller, the MassChallenge startup that opened four Bitcoin ATM machines around the Boston area, has rebranded itself into LibertyX and will now allow users to purchase the digital currency around 2,500 locations in 33 states across the country.

Get the USD/JPY Forex signal for December 4, 2014 here.

Check out the EUR/USD Forex signal for December 4, 2014 here.

Get the GBP/USD Forex signal for December 4, 2014 here.

The EUR/USD pair broke down during the session on Wednesday, breaking below the 1.24 region. Because of that, it appears that the market is ready to continue going lower, and as a result I believe that the Euro is going to continue falling not only today, but probably Friday as well.

The AUD/USD pair tried to rally during the course of the day on Wednesday, but fell back down to fire off a shooting star shaped candle. A shooting star at the bottom of a large downtrend tells us that the market try to go higher, but simply failed.

The USD/JPY pair broke higher during the course of the session on Wednesday, testing the 120 level. This is an area where we would anticipate seeing quite a bit of resistance though, so having said that I feel that a pullback could be coming.

Gold prices ended Wednesday's session up 0.98%, or $12.10, to settle at $1209.42 an ounce as the bulls gained some strength after the ADP private jobs data fell short of market forecasts.

According to the analyses of the EUR/USD and AUD/USD, trader profited on a binary options platform. See how here for December 3, 2014.

Facebook Inc. (NASDAQ:FB)’s new privacy updates seem to be upsetting users, with many resorting to posting a hoax privacy notice on their walls.