Forex Daily Forecast, Analysis and Prediction

Throughout last week's trading, the EUR/USD pair was under downward pressure and failed in last two trading sessions in breaching the 1.1055 support.

The US dollar has skyrocketed against the Japanese yen during a frantic session on Friday, reaching towards the 200 day EMA in the blink of an eye.

EUR/USD: Bullish consolidation

The S&P 500 has rallied a bit during the trading session on Friday.

The NASDAQ 100 has rallied slightly during the trading session on Friday, in what would normally be considered pretty impressive.

The Euro got crushed during trading on Friday as Germany has announced that it was willing to break its budget.

The British pound initially tried to rally during the trading session on Friday but found enough exhaustion above the turn around and slice through the crucial 1.25 handle.

The Australian dollar has completely collapsed during trading on Friday, after initially trying to recover some of the losses.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday, reaching towards the $34 level.

The silver markets collapsed significantly during the day on Friday, losing 10%.

The gold markets have fallen significantly during the trading session on Friday, after initially gapping lower.

The Bitcoin market broke down significantly during the trading session on Friday, dropping another $2000 in the blink of an eye.

Following the second unscheduled interest rate cut by the US Federal Reserve on Sunday before the US futures market opened for trading,

After the European Central Bank (ECB) surprised financial markets by keeping interest rates unchanged, the Euro received a bullish fundamental catalyst.

Inspired by panic-induced decision making out of the US Federal Reserve, which slashed interest rates by 150 basis points in two emergency sessions to 0.00%