Forex Daily Forecast, Analysis and Prediction

The USD/CAD continues to hang around the 50-Day EMA against the Canadian dollar, focusing on the $1.35 level.

The GBP/USD continues to hang around the 1.20 Handel, an area that has been important multiple times in the past.

The EUR/USD has done almost nothing over the last week, and that will probably continue to be the case going forward.

The AUD/USD has bounced from the 50-Day EMA again, showing resiliency.

The West Texas Intermediate Crude Oil market rallied on Friday to show signs of life again, reaching the 50-Day EMA.

The S&P 500 has been slightly positive during the Friday session, but Monday will have had the underlying index close.

The NASDAQ 100 finished out last week hanging about the 11,000 level, which is an area that has a certain amount of psychology attached to it, as well as an area that previously has been important.

Gold markets have rallied to close out the week on Friday as we continue to trade in a channel.

The DAX has been quiet over the last week or so, as it is sitting on top of a couple of major moving averages.

The performance of the exchange rate of the euro currency pair against the US dollar, EUR/USD, remained in a neutral position last week.

There is no doubt that the sudden change in the policy of the Central Bank of Japan caused a devastating tsunami for other major currencies against the Japanese yen.

The price of the pound sterling overcame the decline against the euro, the US dollar, and other currencies before the holidays

Gold futures rose above the $1,800 psychological resistance ahead of the Christmas holidays, giving some cheer to the gold price outlook as 2023 approaches.

Traders who wish to embark on GBP/USD speculative wagers in the coming days should know they are entering potentially dangerous waters.

The EUR/USD delivered a solid trading range for speculators the past week, and this coming week could see more consolidated price action because of the holiday season.