Forex Daily Forecast, Analysis and Prediction

The US dollar recovered with the end of last week's trading, leading to the selling of gold, which moved to the $1843 support level before closing around $1846.

Since last week, there have been sell-offs in the USD/JPY amid the return of an appetite for safe havens, including the Japanese yen.

The British pound is entering the new week with supportive momentum after it gained distinction among the top performing major currencies last week.

Europe's face-off with COVID infections will continue to hurt the Eurozone economy, which is facing other crises like in energy and global supply chains.

Break below $55k would be another bearish signal.

The West Texas Intermediate Crude Oil market initially rallied a bit on Friday but then rolled over to show signs of weakness.

The US dollar rallied on Friday to break above the top of the shooting star from Thursday.

Gold markets initially tried to rally on Friday but gave back some of the gains to dip just below the $1850 level.

The Ethereum market rallied quite significantly on Friday, as the $4000 level has offered enough support to turn things back around.

The DAX Index broke down a bit on Friday to reach down towards the €16,100 level before turning around and showing signs of life.

The S&P 500 went back and forth on Friday, essentially going nowhere.

The NASDAQ 100 rallied a bit on Friday, heading into the weekend on a good foot.

Bitcoin initially fell on Friday, piercing the 50-day EMA.

The GBP/USD pair has been in a tight range in the past few weeks as investors reflect on the potential convergence between the Fed and the Bank of England (BOE).

The AUD/USD tumbled to the lowest level since October this year as concerns of a relatively hawkish Federal Reserve remained.