Forex Daily Forecast, Analysis and Prediction

The natural gas market experienced limited movement during Friday's trading session, primarily testing the 50-Day Exponential Moving Average.

The S&P 500 experienced a slight retreat during Friday's trading session before displaying signs of recovery.

Friday's release of the Non-Farm Payroll numbers revealed the addition of 209,000 jobs in the previous month, falling short of the expected 225,000.

During Friday's trading session, the US dollar experienced significant weakness, plunging below the crucial ¥142.50 level.

The Australian dollar jumped on Friday as the US dollar index slumped after the weak American jobs report.

On Thursday of last week the USD/ZAR seemed to be trading within a calm manner around the 18.78000 price with typical give and take Forex action for speculators to wager.

The USD/MXN is trading near a price around 17.12400 as of this writing.

Bitcoin remains near a crucial pivotal area.

The GBP/USD price is sitting at an important resistance level ahead of the upcoming Mansion House speech by Jeremy Hunt, the Chancellor of the Exchequer.

The EUR/USD exchange rate drifted upwards after the US published relatively weak jobs numbers on Friday.

The GBP/USD jumped solidly upwards as the week finished, suddenly penetrating resistance and coming with sight of the 1.28500 ratio.

The EUR/USD has gone into the weekend near the 1.09680 ratio, which is within sight of the high made only a few hours before the Forex markets closed.

The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of July 9th, 2022 here.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.