Forex Daily Forecast, Analysis and Prediction

The AUD/USD exchange rate is hovering near its highest point since March 21st.

Price is lacking direction.

The German index fell initially during the trading session on Friday, only to turn around and show signs of life.

The AUD/USD initially plunged during the trading session on Friday, breaking through not only the 200 day EMA, but also the 50 day EMA indicator.

Bitcoin continues to consolidate overall as we sold off rather rapidly during the early hours on Friday, we have seen a recovery after the jobs figure came out and now it looks like we are still very much at risk on type of attitude.

Weekly Forex Forecast: S&P 500, NASDAQ up; Gold, Silver soar; BTC, EUR/USD stable.

WTI Crude Oil went into the weekend near the 86.066 USD price as the commodity continued to find buyers.

The EUR/USD ended the week of trading near the 1.08360 mark after a rather brisk five days of trading which provided rather hectic results.

Get the weekly Forex forecast for major currency pairs for the week of April 07-13, 2024 here.

The Friday session should be very interesting for the USD/CAD pair as the day will feature both the American and Canadian employment figures.

The euro has rallied slightly during the trading session on Thursday, as we continue to see the Japanese yen taken on the chin.

The British pound has risen against the Swiss franc during the trading session on Friday again, as the so-called “carry trade” continues to be a factor in the Forex markets.

The DAX has risen again during the trading session on Thursday as we continue to see a lot of upward pressure on stocks overall.

The euro rallied a bit during the trading session on Thursday, as we continue to see a lot of recovery from the bottom of the overall consolidation area.

The US dollar has gone back and forth during the course of the early hours on Thursday, but I think it looks like the ¥152 level continues to be a major issue as far as buyers are concerned.