Forex Daily Forecast, Analysis and Prediction

In a sudden development at the end of last week's trading, the EUR/USD moved strongly to the resistance level of 1.2172 where it closed the week’s trading.

The DAX Index rallied during the trading session on Friday as we continue to recover from the massive dip that we had earlier in the week.

The West Texas Intermediate Crude Oil market fell a bit during the trading session on Friday only to turn around and rally quite significantly.

The S&P 500 broke higher during the trading session on Friday as the jobs report missed horribly.

The NASDAQ 100 went higher during the trading session on Friday, as the jobs number came out much worse than anticipated.

The FTSE 100 had a very good Friday to close out the week, closing at the top of the range for the session as the momentum continues.

The Bitcoin market saw bullish pressure during the trading session on Friday to end the week, as the jobs number came out at just 266,000 jobs added for the month of April, much lower than the consensus of 1 million.

Gold markets rallied a bit during the trading session on Friday to reach towards the $1850 level before pulling back a bit in reaction to the jobs figure that was so poor.

The Australian dollar broke higher during the trading session on Friday as the jobs number came out at just 666,000, instead of the 1 million anticipated.

The British pound rallied significantly during the trading session on Friday after the jobs number in America was a huge disappointment.

The euro rallied significantly during the trading session on Friday, breaking above the 1.2150 handle.

Vital support levels within the USD/ZAR have been punctured and the Forex pair may be prepared to challenge long-term bearish targets.

Record highs are in sight again.

The USD/INR has managed to brush through additional support levels, and important early April values below are now within sight.

The weak dollar is generating new long-term high prices.