Forex Daily Forecast, Analysis and Prediction

The GBP/USD exchange rate drifted upwards after the latest US jobs data that were published on Friday.

The USD/CAD initially tried to rally during the trading session on Friday, touching the bottom of this rising wedge that I had drawn on the charts.

The AUD/USD price popped after the latest American jobs data. It popped to a high of 0.6886, the highest point since January 4.

The DAX has rallied significantly during the trading session on Friday, as a look like we are threatening a major breakout.

By the end of last week’s trading, gold futures extended their series of gains.

The GBP/CAD bounced a bit during the trading session on Friday as we tested the 50-Day EMA, a technical indicator that a lot of people will be paying close attention to.

The AUD/JPY rallied a bit against the Japanese yen on Friday, slamming into the ¥91 level.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, to reach the $75 level.

The GBP/USD initially dipped a bit during the trading session on Friday, but then turned around after the jobs number slam back into the 1.21 level.

The S&P 500 E-mini contract rallied a bit during the Friday session after the job summer came out, slamming into the 50-Day EMA.

Gold markets have rallied rather significantly during the Friday session after the job summer came out in the United States.

The EUR/USD initially dipped a bit during the trading session on Friday, only to turn around and show signs of life again.

My previous EUR/USD signal on 21st December was not triggered, as none of the key levels were reached that day.

The GBP/USD went into the weekend near the 1.20860 level, after starting the week near a high of around 1.21000.

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