Forex Daily Forecast, Analysis and Prediction

The US economy added 265,000 jobs in December, surpassing expectations, which boosted interest rate expectations and impacted FX markets.

WTI Crude Oil prices continued to find buyers as full volume came into the commodity markets and fundamental intrigue has caused consideration of speculative values.

The US dollar surged against the peso on Friday following a stronger-than-expected US jobs report, making it unlikely the Federal Reserve will cut rates soon.

Get the weekly Forex forecast for major currency pairs for the week of January 13-18, 2025, here.

Ethereum rebounds from key support with bullish momentum, while upcoming Non-Farm Payrolls could influence risk appetite and short-term price action.

Bitcoin holds key support, with sideways action likely before potential upside, as Non-Farm Payrolls could shape market sentiment and risk appetite.

The GBP/CHF pair rebounds from 1.1170 support, with sideways movement hinting at potential upside, supported by Swiss franc weakness and carry trade advantages.

The Philippine peso shows resilience against the US dollar, with USD/PHP consolidating and upcoming Non-Farm Payrolls likely to trigger significant volatility.

The USD/CHF pair shows bullish potential amid Swiss franc struggles, U.S. interest rate resilience, and an upcoming Non-Farm Payroll-driven trading opportunity.

The British Pound plunged on Thursday, driven by UK bond yield spikes, with traders predicting volatility and potential declines to 1.20 against the US dollar.

The Euro remains under pressure at 1.03 support, with rising US interest rates and potential parity in sight, as markets await non-farm payroll data.

The US dollar maintains bullish momentum against the yen, driven by rate differentials, with 158 yen as key support and 159 yen resistance in focus.

The US dollar continues to strengthen against the Mexican peso, with market focus on political developments, border tensions, and Friday’s payroll data.

Friday's trading session for USDCAD could see heightened volatility with key employment data releases, marking a pivotal moment for the currency pair.

GBP/USD remains under selling pressure, testing support near 1.2320, as dollar strength and UK economic concerns drive the pair toward further downside targets.