Forex Daily Forecast, Analysis and Prediction

LinkedIn Corp (NYSE:LNKD), which very recently released a stellar earnings report is now high on many analysts radar

Check out the USD/JPY weekly Forex signal for November 4, 2014 here.

Gold prices dropped for a fourth-straight session yesterday on growing perception that the Federal Reserve is moving closer to its first rate hike since 2006 after ending a bond-buying program last week.

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

Get the EUR/USD Forex signal for November 4, 2014 here.

The EUR/USD pair continues to test the 1.25 level, an area that of course is a big round number. That of course should bring in a lot of interest, as a lot of the large order flow tends to hang about these types of levels.

Looking at the AUD/USD pair, you can see that we gapped lower at the open for the week, and then continue to go much lower. We have not broken down below the recent lows, but it does appear that we are going to attempt to do just that.

The USD/CAD pair had a very strong showing on Monday, as the pair looks ready to test the 1.14 level for resistance. That area has been resistive recently, so it’s not a big surprise that we stopped there during the session.

The USD/JPY pair took off during the session on Monday again, as this market just simply cannot go higher now for the buyers.

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

Netflix, Inc. (NASDAQ:NFLX) has constantly been in the news ever since the Federal Communication Commission (FCC) started looking at the issue of “open internet”.

The price of gold bullion tumbled another $29 per ounce on the last trading day of the week and the month as investors liquidated bullish bets after the American dollar got a boost from the Bank of Japan's unexpected decision to expand its already massive monetary stimulus program.

The EUR/USD pair fell during the session on Friday, as we continue to see weakness in the Euro. The US dollar is by far the most favored currency in the world right now, so it’s not a big surprise this market fell.

The GBP/CHF pair broke out to the upside during the session on Friday, clearing the top of the recent consolidation area that we have been stuck in.

The NZD/CAD pair initially tried to rally during the course of the day on Friday, and as you can see failed. On the chart, you can see where I had the uptrend line from a couple of days ago marked, and where the market simply could not stay above that line.