Forex Daily Forecast, Analysis and Prediction

The US dollar bounced around during the trading session on Friday as it looks like we don’t really have any momentum to say the least.

The Aussie dollar pulled back just a bit during the early hours on Friday as we continue to see the overall consolidation area hold.

The US dollar initially rallied against the Swiss franc during the trading session on Friday but gave back gains to show signs of hesitation.

Bitcoin initially tried to rally during the trading session on Friday but has since fallen apart.

The Hong Kong 50 index is likely to continue going higher after we have seen a very bullish Friday.

The British pound initially pulled back during the trading session on Friday to test the crucial 1.25 level.

During the Friday session, the Canadian Employment Change numbers came out at 90,400 jobs added, much hotter than the anticipated 20,900 expected.

The USD/MXN has sustained lower values as this morning has opened in Forex.

The USD/ZAR is near the 18.41890 ratio as of this writing, but as the day begun the currency pair did touch a depth around the 18.35455 mark.

The GBP/USD pair remained sluggish after last Thursday’s Bank of England (BoE) interest rate decision and the strong UK GDP report.

Bitcoin’s deep slumber continued during the weekend amid a lack of a clear catalyst to propel it higher.

The AUD/USD pair pulled back on Monday morning after an encouraging statement from Australia’s Treasury Department on inflation.

Risk-on sentiment continued to grow during most of last week before souring somewhat Friday with the release of declining consumer sentiment and expectations of higher short-term inflationary pressure in the USA.

The ability of the GBP/USD to climb back from lows around the 1.24460 ratio seen on Thursday may spur speculators with a buying interest.

WTI Crude Oil finished the week of trading slight below its starting point last week.