Forex Daily Forecast, Analysis and Prediction

BTC/USD: Bulls finally overcoming key resistance

The South African Rand is being watched by many forex speculators early today.

GBP/USD: British Pound is relatively weak

Speculators should stop whatever they are doing and take a look at the USD/PKR right now.

Before going into the weekend the USD/INR produced a strong bearish trend and tested important support levels, but upon opening early today, the forex pair has shown risk sentiment in the global markets.

The gold markets rallied during the trading session again on Friday as we continue to see a lot of bullish pressure.

The US dollar initially tried to rally during the trading session on Friday against the Brazilian real, but has given back quite a bit of the gains.

EUR/USD: New 18-month high price

The West Texas Intermediate Crude Oil market has initially tried to rally during the day but fell a bit during the trading session on Friday, as the market seems to have a little bit of a magnet attached to the $41 level.

Silver markets have dropped a bit during the trading session on Friday only to turn around and show signs of life again.

The Euro has gone straight up in the air over the month of July, finally breaking out and changing the overall trend.

Gold markets have been explosive to the upside over the last several weeks. Find out what's in store in August here.

As August rolls in, the Nasdaq market is going to be looking for its footing for a more sustained move to the upside. See the forecast for the month here.

Silver markets have been absolutely parabolic during July, especially towards the second half of the month.

The Australian dollar has been rallying quite a bit over the last several weeks, as we head into the month of August.