Forex Daily Forecast, Analysis and Prediction

The EUR/USD attempts for a bullish correction during last week's trading did not achieve gains above the 1.1172 level, and with the European currency not getting more catalysts

The GBP/USD pair collapsed quickly to the vicinity of the 1.3000 psychological support in light of strong sales of the pair after a series of negative results for U.K economic releases,

The yellow metal ignored the strength of the US dollar amid purchases that pushed the price of gold towards the $1561 level an ounce.

For the second week in a row, the price of the USD/JPY pair continues its bullish correction, and gains were crowned by moving towards the 110.28 resistance

The S&P 500 has rallied a bit during the trading session on Friday, to close out the week on a positive foot.

Natural gas markets have broken down significantly during the trading session on Friday, peeking through the $2.00 level.

The West Texas Intermediate Crude Oil market did very little during the trading session on Friday as traders began to think about the three day weekend in the United States.

The NASDAQ 100 has rallied a bit during the trading session on Friday, as we continue to make fresh, new highs.

USD/JPY: Bullish Breakout Beyond 110.00 in Doubt

As the global economy continues to cool, many central banks implement interest rate cuts, hoping to assist the slowdown.

While Japanese economic data continues to disappoint, the Japanese Yen may rally on the back of safe-haven demand amid a weaker than the priced-in global economy.

Battle lines are being drawn by the EU and the UK, pointing to intense trade negotiations during the Brexit transition period.

Tensions between the US and Iran at the start of 2020 allowed gold to spike above the psychological $1,600 level for the first time since the end of the first quarter in 2013.

AUDUSD: Bearish channel threatens 0.6870

Bitcoin: Still bullish above $8,552