Forex Daily Forecast, Analysis and Prediction

See what's in store for the major Forex currency pairs during this next quarter!

The EUR/USD continues to line the pockets of the bears. It is astonishing to me that there are still people out there that think the bearishness in this pair is exaggerated, that somehow the European Union is going to wave magic pixie dust on the problems and suddenly the banks in Portugal, Spain, Greece, and Ireland are going to be strong.

The cable has been flittering around the 1.5650 level for a while now. Finally, on Wednesday we saw it give way. The move over the last several weeks has been brutal, but the truth is that the Dollar is the most wanted currency at the moment.

The AUD/USD has been a pair that has been absolutely beaten up over the last several weeks. It was just a couple of months ago that it was trading at the 1.08 level, and the fall has been stunning up until this point.

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Gold had already tried 2 times in the last 2 weeks to break lower than 1526.90, and tried again in yesterday's trading wicking as low as 1532.60 but was unable to hold prices at this level and closed the day much higher at 1569.10.

According to the analysis of the EUR/USD and GBP/USD trader profited on a binary options platform.

This trader is recommending to go short for this pair. Get the free Forex Signal and learn why.

Using the Ichimoku method, this trader brings you a Forex signal for the USD/CAD pair. See where this pair is trending!

Catch up on how the major pairs have been doing this week and where they are headed with this Mid Week Forex Summary.

The Forex markets tend to consolidate for long periods of time, only to be followed by sudden moves. It is the latter of the two possibilities that we have been in for some time, and these are the times that the best gains are to be found.

The GBP/USD pair has been very sick looking for a while now. The fall has been relentless as the Dollar has been king over the last several weeks during the latest concerns out of Europe. The Pound will suffer as this pair is a risk related market, and the fear out there is certainly real.

The EUR/GBP pair doesn’t get enough respect from many of you out there. I believe this is because of the fact that while the EUR/USD pair will move 100 pips, the EUR/GBP pair might move something like 50.

The 'AUD' has been gaining on the Swissy or 'CHF' since hitting an 18 month low last week at 0.9224. The pair has been Bullish 7 of the last 9 trading days and appears to be heading for the 38.2% Fibo based on the 23 month high along with the 18 month low.

According to the analysis of the EUR/USD and USD/CAD trader profited on a binary options platform.