Forex Daily Forecast, Analysis and Prediction

At the start of trading in a quiet and short week, the USD/JPY pair stabilized around the resistance level of 151.20, halting a sharp decline amid concerns about the possibility of the Japanese authorities intervening again in the forex markets.

The downward pressure on the British pound increased after the Bank of England took a step closer to cutting interest rates.

During last week's trading sessions, the price of gold finally surpassed the $2200 resistance level for the first time.

The euro continues to drift a bit lower against the US dollar, but ultimately this is a market that I think continues to see a lot of upward momentum, as well as down, as we are essentially stuck in a range.

The USD/JPY initially tried to rally during trading on Friday but then turned around the fall.

S&P 500 has pulled back slightly during the Friday session, but this is a market that's a little over done.

The AUD/USD has plunged early during trading on Friday, but it still looks very much like a market that is trying to sort out what to do next.

Gold has pulled back just a bit during the trading session on Friday, as it looks like we have plenty of noise out there to continue to throw markets around.

The USD/ZAR has demonstrated a week’s worth of rather turbulent results.

The currency pair has been bouncing up against rather durable support levels, but the Mexican Peso remains one of the strongest currencies versus the USD.

The Swiss Franc initially fell during the trading session on Friday.

The Canadian dollar seems to be on its back foot.

he Russell 2000 worth paying close attention to as it gives you a good look at the US economy in general.

Bitcoin is found on the back foot again on Friday, as we continue to see a bit of a correction in this market.

The GBP/USD exchange rate jumped after the Federal Reserve decision and then quickly erased those gains after the relatively dovish Bank of England (BoE) meeting.