Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair is still attempting to rebound higher, but sufficient momentum is lacking.

For two weeks in a row, the USD/JPY has been moving in a distinct upward correction range that has launched it near the 111.00 resistance level, a one-year high.

Better-than-expected results from recent US economic data, especially with regard to the labor market, helped the US dollar achieve more gains before the market holiday.

The British pound is proving itself to be a relatively strong currency.

The EUR/USD price held steady in early trading as the market continued to reflect on the strong US employment numbers published on Friday.

The AUD/USD held steady in early trading as the market focused on the rising bond yields in the United States and the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

The US dollar has rallied slightly during the trading session on Good Friday, as bankers were away for the holiday.

The US dollar has been going back and forth against the Indian rupee over the last several days, as we are sitting just below the 200 day EMA.

The West Texas Intermediate Crude Oil market has been back and forth in general, and it now looks as if we are continuing to hang onto the 50 day EMA.

The bitcoin markets continue to fail at the $60,000 level which is a bit surprising considering that the market had been in such a major bullish run until recently.

The US dollar has initially fallen during the trading session on Friday again against the South African Rand, reaching towards the 14.50 Rand level before turning around and rally in a bit.

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The S&P 500 has rallied significantly during the trading session on Thursday to break above the 4000 level as traders jumped into the market to open up Q2.