Forex Daily Forecast, Analysis and Prediction

A short scalp off $1.0700 could be the best opportunity today.

The US dollar initially pulled back against the Japanese yen during the trading session on Friday, but at this point in time, have turned around to show signs of strength.

The S&P 500 fell a bit during the trading session on Friday, but we continue to see a bit of support near the 5,150 level.

The AUD/USD has fallen rather significantly during the Friday session again, as we continue to see the U S dollar strengthen against most things.

The USD got stronger across the Forex board on Wednesday and the USD/MXN mirrored the results.

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.