Forex Daily Forecast, Analysis and Prediction

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.

Bitcoin initially tried to rally during the Friday session but gave back gains as we continue to see a lot of noisy behavior.

The euro had a very rough Friday, as we broke below the crucial 1.07 level.

The German DAX initially tried to rally a bit, only to turn around and show signs of weakness.

The GBP/USD pair continued its strong downward trend ahead of the upcoming UK jobs and inflation numbers.

Bitcoin price had a flash crash during the weekend.

The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.

The GBP/USD which had been trading high on late Tuesday and seemed to be sustaining value on Wednesday, abruptly was walloped by stronger than anticipated U.S CPI.

Higher than expected US inflation data and tension in the Middle East saw the US Dollar gain while stocks and most commodities fell.

Traders with open positions in WTI Crude Oil this weekend are likely paying attention to the news developing between Iran and Israel.

Get the weekly Forex forecast for major currency pairs for the week of April 15-19, 2024 here.

The US dollar initially pulled back just a bit during the trading session on Thursday, only to turn around and show signs of strength and break above the 1.37 level.