Forex Daily Forecast, Analysis and Prediction

The USD/JPY continued its remarkable rally last week amid continued signals of further tightening by the US Federal Reserve.

The GBP/USD continued its decline last week as the US Dollar Index (DXY) gained strength.

The EUR/USD fell to a five-month low of 1.0622 support amid risk aversion and a negative outlook for the future of ECB policy at the end of last week's trading.

The pair rose in early trading today, at the same slow upward pace.

The upward breakout trend in gold prices continues with only a slight and temporary pause.

Upon the higher than expected U.S inflation numbers published last Wednesday the USD/ZAR saw a swift bolt upwards.

A short scalp off $1.0700 could be the best opportunity today.

The US dollar initially pulled back against the Japanese yen during the trading session on Friday, but at this point in time, have turned around to show signs of strength.

The S&P 500 fell a bit during the trading session on Friday, but we continue to see a bit of support near the 5,150 level.

The AUD/USD has fallen rather significantly during the Friday session again, as we continue to see the U S dollar strengthen against most things.

The USD got stronger across the Forex board on Wednesday and the USD/MXN mirrored the results.

Silver has gotten absolutely hammered later in the day on Friday after initially spiking.

It looks to me like the US dollar is going to continue to climb against the Canadian dollar.

The NASDAQ 100 has fallen significantly during the trading session on Friday.

Gold markets got absolutely crushed to turn things around and look quite ugly.