Forex Daily Forecast, Analysis and Prediction

AUDUSD: Consolidation between 0.6814 and 0.6862

The USD/JPY price of the pair did not react much to the announcement a better than expected results for US jobs during the month of November.

The NASDAQ 100 got a huge boost during the trading session on Friday as the US job figures were much better than anticipated.

Next Thursday, the anticipated general elections will be held in the United Kingdom, the outcome of which will determine the fate of Brexit.

The US dollar got a strong momentum amid positive and better than expected US jobs results during the month of November, along with the strength of the dollar, it was natural that the price of gold fell to the $1458 support, and attempts to rebound before the report pushed the price of the yellow metal to the $1480 level, and it is now stable around $1461 at the time of writing.

The Euro fell during the trading session on Friday, as we continue to see a lot of downward pressure on the common currency.

The positive results of last Friday's US jobs report negatively affected the path of EUR/USD upward correction, as it returned to stability around 1.1055 support at the time of writing and the reaction pushed it to 1.1039. Resuming the move towards 1.1000 psychological support will support the return of the downside force again.

The British pound has initially fallen during the trading session on Friday but has turned around to show signs of strength yet again.

The Bitcoin market has gone back and forth during the trading session on Friday, as we continue to dance around the $7000 level.

The S&P 500 rallied rather significantly during the trading session on Friday, closing at the highs near 3150.

The West Texas Intermediate crude Oil market initially went back and forth during the trading session and then shot towards the top of the overall consolidation.

The US dollar initially tried to rally during the trading session on Friday but give back the gains in volatile trading after the Non-Farm Payroll announcement.

Natural gas markets have rolled over just a bit during the trading session on Friday, breaking below the $2.40 level.

USDJPY: Weakly bearish but key support close

The Australian dollar has initially tried to rally during the trading session on Friday but gave back the gains as the US job number came out much more resilient than anticipated.