Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair continues to push higher over the last few sessions, and as a result I am more and more bullish of this pair each day.

Fadi Steitie, part of the DailyForex.com team, shares his insights on AUD/USD based on Fibonacci and Elliott Waves.

Read this USD/JPY signal based on Fibonacci principles in order to find your place in the market.

Based on Christopher Lewis's analysis of the EUR/USD and USD/JPY traders profited on a binary options platform.

Wall Street keeps moving in zigzag as the stock markets closed on the red territory yesterday, though it looks like the momentum is with the bulls these days. The investors will look forwards today for important economic data, such as Philly manufacturing index, existing home sales and unemployment claims.

Europe continues to be the center of the financial universe as this pair moved in a back and forth manner on Wednesday. The most recent trend has been for the Europeans and Asians to sell this pair off, only to see the Americans pick it back up again.

There has recent been an expansion of the asset buyback program by the Bank of Japan, and this means that the central bank is buying more Japanese Government Bonds. This is akin to flat out printing more Yen out of thin air. As this continues, it will flood the market with those Yen, and make it a much less valuable currency in the long run.

The 0.99 level managed to cause a bounce in the pair on Wednesday. This area continues to hold as support, and the fact that the oil inventory number came out higher than expected gave this pair enough of a reason to lift and bounce from the level again.

The Fiber, or EUR/USD as most know it, is holding above 1.3100 and appears to be setting up to push higher according to the Daily Chart. Yesterday saw the pair trade as low as 1.3057 but, once again as it has many times at this level, the pair closed much higher at 1.3116.

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Check out this EUR/USD signal based on Fibonacci principles to find your profits in the market.

The reports of YAHOO and Goldman Sachs lifted the US stock markets yesterday and the indices rose 1.6%. The results season causes extreme changes in the stock markets, which have a direct impact on the US dollar.

Enjoy the mid-week with this USD/JPY Forex Signal from one of our expert traders.

The Japanese Yen is showing signs of strength across the board, and paired with the Kiwi aka New Zealand Dollar is no different. Yesterday the pair bounced off of the Weekly S1 at 65.53 and gained about 110 pips closing 13 pips above the Weekly Pivot.

The world’s stock markets rose in general on Tuesday, and the Dow Jones Industrial Average even managed to close just shy of a 200 point gain. The European indices acted very strong as well, and as a rule – this means “risk on”. However, the EUR/USD pair didn’t join the party.