Forex Daily Forecast, Analysis and Prediction

Things are heading up for this pair. Get the details here with this Forex signal for the EUR/GBP.

Gold prices gained some ground yesterday as speculations that the Federal Reserve will not change its aggressive easing stance in the near future increased the precious metal’s safe-haven appeal.

The EUR/USD pair had a positive session for Monday, as a bit of “risk on” came back into the markets. The Non-Farm Payroll number out of the United States will have helped with risk appetite in general, and this generally – but not as much lately – means that the Dollar loses a bit of its luster.

AUD/USD had a strong session on Monday as the bullishness in risk assets came back slightly during the session. The 1.02 level acted as support again, and this would have been something that a lot of you will have been anticipating.

The USD/JPY pair has been squarely in the sights of almost all forex traders over the last few months. The action that we have seen over the last couple of days will have done very little to change that fact.

The AUD/NZD has been trading in a nice channel on the daily charts, making it rather predictable over the last 6-8 months. Get full technical here.

See where the euro is headed in this FXE signal from trading expert Andrew Keene, only at DailyForex.com.

Some of the major pairs did well last week and some fell. See how that will impact the week ahead with this Forex forecast of the majors here.

Last week’s ECB meeting featured a debate on rate reduction but the Governing Council later decided otherwise. The summary of that meeting as explained by Mario Draghi was that the medium-term economic forecast was stable.

Begin your week the right way with this Forex signal for the GBP/AUD pair. The direction is heading upwards, make your moves now.

The WTI markets had a bullish session again on Friday, after initially falling. The market closed just below the $92.00 level, and as a result we are pressing up against significant resistance.

The XAU/USD pair had an interesting session during the last trading day of the week with the bulls and bears gaining and losing ground almost equally. The non-farm payrolls report released from the Bureau of Labor Statistics showed that the U.S. economy added 236K jobs in February and the unemployment rate fell to 7.7% from 7.9%.

3 weeks ago I wrote about how the EUR/GBP was at a key resistance level based on a descending channel and key Fibo levels, namely the 50% level from the high in 2008 to the low in July 2012.

EUR/USD found itself falling again during the Friday session, as the weakness in the Euro continues. This market has been essentially straight down, but the 1.30 level continues to offer support.

The AUD/USD pair fell during the Friday session as money poured back into the United States. This was a result of a strong jobs number, not a "risk off" trade. As a result, I feel that this market may be changing an important dynamic: That the Australian dollar is no longer a "risk on" currency at the moment, but rather a proxy for Asia.