Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 rallied significantly during the trading session on Friday as the 50-day EMA has offered a little bit of technical support.

The S&P 500 rallied during the trading session on Friday to close out the week after the jobs number was 559,000 added for the previous month, instead of the whispered 1 million.

The gold markets fell initially during the trading session on Friday, reaching down towards the $1850 level before turning around and showing signs of life again.

We are range-bound and going nowhere.

Now it looks as if the market is still in its “wait-and-see” mode that it has been in for a while.

The British pound shot higher during the trading session on Friday to reach towards the 1.42 handle again.

The euro pulled back initially during the trading session on Friday as the world awaited the non-farm payroll announcement, and traders started to worry about the idea of the Federal Reserve stepping away from quantitative easing.

The pair has been ranging for several days.

The AUD/USD pair was little changed in the Asian session as traders reflected on the mixed US jobs data and the relatively strong Australian data.

The EUR/USD pair was in a tight range during the Asian session as the market reflected on the latest US jobs data and the upcoming European Central Bank (ECB) decision.

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The S&P 500 has pulled back just a bit during the course of the trading session on Thursday again as traders freak out about the initial Jobless Claims

The US dollar has rallied a bit against the Canadian dollar during the trading session on Thursday as the Initial Jobless Claims came out much more bullish than anticipated for the US economy.