Forex Daily Forecast, Analysis and Prediction

Before you end your trades as the weekend approaches, see what our expert trader recommends for the AUD/CAD pair with this free Forex signal.

The cable had a rough go at it on Thursday as the risk appetite of traders around the world soured. The concerns of global slowdown seemed to be validated as the Chinese, Americans, and Germans all posted bad economic numbers during the session.

EUR/JPY has been in a massively bearish trend for some time now. However, over the last month or so, we have seen a bit of a rally. The real question when something like this happens is whether or not it is a rally, or merely a pullback.

The EUR/USD pair got absolutely whacked during the Thursday session as the risk appetite fell off of a cliff during the trading session. The pair has been a very consistent one – simply sell when everyone starts buying again.

According to the analysis of the USD/JPY and NZD/USD trader profited on a binary options platform.

Check out this free Forex AUD/NZD Signal, get your target and profit out of this.

The Kiwi (NZD/USD) continues is march higher after Statistics New Zealand released its quarterly GDP number showing growth of 1.1%, much better than the forecast 0.5%.

The USD/JPY pair has been one that has been a bit of a battlefield between two central banks that are racing towards the bottom when it comes to the value of their own currencies. The Bank of Japan has been actively working against the Yen, and the most recent move was an expansion of the asset purchase program by a whopping ten trillion Yen.

NZD/USD is one of my favorite pairs to trade. It is a great expression of global risk appetite, and as a result it is quite often a “binary” set up when it comes to trading it. Simply put, if everyone is comfortable with taking a bit of risk, this pair rises over time.

EUR/USD had a wild session as the Federal Reserve had a news conference after spending two days in a meeting to decide monetary policy. The Fed decided that it would continue “Operation Twist”, and as result bought itself some time in the current crisis.

While you are waiting for today's big announcement from the Federal Reserve, see where the EUR/USD is headed with this Forex signal.

And now for something a little different...the EUR/NZD is definitely not one of the 'major' currency pairs but offers some nice trading opportunities all the same. Yesterday the pair printed a pin bar with a long tail and a close higher than open, after making a higher low on the Daily Chart.

Ever trade the Polish Zloty? The PLN is a risk currency. It rises when the world feels good, much like the NZD as it is an emerging market. Think of it as the Euro on steroids in this sense. You obviously know that the Japanese yen is a “risk off” currency.

The AUD/USD pair has been one that has been fairly straightforward lately: Simply buy on the dips. Of course, you would have had to been willing to go against a nasty fall over the month of May, and simply let the trade do its thing.

EUR/USD will be the main focus of the Wednesday trading session in my estimation. With the Federal Reserve set to make an announcement that could even include more easing, and the Greek lawmakers supposedly coming to some kind of deal between three different parties, there is a real chance of fireworks today.