Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 rallied a bit during the trading session on Friday as the markets continued to rock back and forth.

The Nikkei 225 rallied rather significantly during the course of the trading session on Friday, slamming into the 39,500 yen level, an area that has been important multiple times.

The USD/MXN has traded lower the past handful of days and has sustained lower near-term elements as today has started. However, traders need to be careful regarding the potential of reversals developing.

The USD/ZAR has traded higher in the past handful of days as a combination of risk adverse sentiment, U.S interest rates concerns, and domestic news effect financial institutions.

The West Texas Intermediate Crude Oil market has been very noisy, but mainly just to the upside.

Silver has been all over the place on Friday and that's not a huge surprise considering that the market has been very volatile to say the least.

The most obvious thing is that we have seen a turnaround in most indices, and the CAC 40 in Paris of course is no different.

I’ve noticed that the New Zealand dollar has fallen pretty significantly during the trading session on Friday.

It has become obvious that the gold market still has plenty of buyers underneath, and short-term pullbacks will more likely than not end up being a nice opportunity to get involved in what has been a very strong uptrend.

During the trading session on Friday, I noticed that the USD/CHF pair looks very strong, as we have broken above the crucial 0.8550 level.

The GBP/USD exchange rate drifted downwards after the US published strong jobs numbers on Friday.

The Euro plunged during the trading session on Friday after the jobs number in America came out much hotter than anticipated.

Bitcoin held steady on Monday morning as the recent consolidation continued.

The Australian dollar retreated for four consecutive days, erasing most of the gains made in September.

A resurgent US Dollar boosted by strong US jobs and earnings data last Friday is dragging the price down. The action looks quite heavy and suggests that an attempt will be made to break below the support level at $1.0947.