Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied a bit during the trading session on Friday, as the Dollar continues to build a bit of a base against the Canadian dollar.

AUD/USD: key risk sentiment barometer

The Australian dollar has broken down a bit during the trading session on Friday, slicing through the 50 day EMA as the world got wind of the president of the United States contracting the coronavirus.

The S&P 500 has fallen during most of the session on Friday as it was announced that Donald Trump has corrected coronavirus, with a particular emphasis on selling during the Globex session.

USD/JPY: Short-term bullish trend

BTC/USD: Reversals from price extremes likely to be best strategy

Silver markets have gone back and forth during the trading session on Friday, as we cannot quite decide what to do with the $24 level.

GBP/USD: Pound has stabilized against the Euro

EUR/USD: Very strong resistance holding at 1.1775

The Euro fell during most of the session but did find marginal support at the 1.17 level.

The gold markets have gone back and forth during the trading session on Friday, essentially deciding nothing at the 50 day EMA.

The West Texas Intermediate Crude Oil market has fallen a bit during the trading session on Friday, reaching down towards the $37 level, only to bounce slightly towards the end of the day.

British pound traders were all over the place during the trading session on Friday as the jobs number came out and word got out that Donald Trump has contracted the coronavirus.

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