Forex Daily Forecast, Analysis and Prediction

In Friday's trading session, Bitcoin exhibited a back-and-forth movement, indicating uncertainty in the market.

My previous EUR/USD signal on 8th January produced a profitable long trade from the near pin bar which made a bullish rejection of the support at $1.0930 on the hourly time frame.

The US dollar faced a decline against the Japanese yen in response to the weaker-than-expected Producers Price Index (PPI) data during the Friday trading session.

The crude oil markets displayed a rally in Friday's trading session, as they strive to break out in an upward direction.

The Australian dollar exhibited a rally in response to lower-than-expected PPI numbers in the United States, reflecting the prevailing confusion surrounding inflation.

Natural gas markets experienced another rally on Friday, with traders closely monitoring the upcoming winter storm in the northeastern United States.

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

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 14th, 2024 here.

The US dollar initially experienced a decline in its value against the Japanese yen, but it subsequently displayed signs of strength.

The US dollar initially fell a bit against the Canadian dollar during the trading session on Thursday but then turned around to show signs of strength as the CPI numbers in the United States came out a little hotter than anticipated.

The S&P 500 exhibited notable volatility during Thursday's trading session, prompted by the release of the Consumer Price Index (CPI) data, which registered slightly higher than Wall Street's preference.

Silver's performance remains subdued as buyers appear to be elusive.

The gold market has experienced significant fluctuations, primarily influenced by the release of the Consumer Price Index (CPI) figures on Thursday.

The natural gas market has experienced some recent fluctuations, leading to concerns that it may be overextended.

The euro made an initial attempt at a rally but later retraced its gains, reflecting the ongoing consolidation within the market.