Forex Daily Forecast, Analysis and Prediction

The USD/MXN is near the 17.48800 ratio as of this writing, this as speculators are being confronted with wide spreads and notoriously fast conditions in the broad Forex market.

The Euro has plunged during the trading session here on Friday as the market is trying to sort out whether or not this latest breakout is a real thing, or false. Tensions around the world could continue to play a part as well.

The Aussie dollar was negative during the Friday session, as the market is trying to price in the idea of the RBA hiking rates soon, while the Fed is expected to cut twice this year.

The New Zealand dollar was negative on Friday, as traders are starting to price in the geopolitical risks, and the potential for a RBNZ rate cut later this year.

The gold market initially rallied a bit during Friday but was absolutely crushed later in the session.

Most of what we are seeing in this market is likely to be due to the tensions with Iran.

The US Dollar finds itself very much still alive, as the Trump administration is nominating Kevin Warsh for Fed head.

Bitcoin looks as if it is struggling to hold itself above major support. Ultimately, this is a market that is ready to make a bigger move.

FTSE 100 continues to see a lot of noisy behavior, but at this point, the markets looks as if it sees buyers underneath to keep it afloat.

Silver has gotten absolutely crushed as gravity has reintroduced itself to the markets.

The natural gas market saw some buying on Friday, as the markets are trying to price in the idea of more flows in the system, as another storm approaches the Carolinas.

Weekly Forecast of Major Markets February 2