Forex Daily Forecast, Analysis and Prediction

Gold ounces lost more than 70 dollars from its gains during last week's trading with easing global geopolitical tensions.

In the beginning of this week’s trading, the pound will react to the results of important economic releases, led by the UK's GDP growth and the important industrial production rate.

On the daily chart, there was a new breakdown in the EUR/USD direction, testing the 1.1085 support.

Volatility has returned to the cryptocurrency market, and Bitcoin added over $2,000 from its December intra-day low of 6,386.75 to its current January intra-day high of 8,406.53

Bearish pressures are on the rise, as the EUR/GBP is challenging the bottom range of its resistance zone.

After this currency pair descended into its short-term support zone, the corrective phase ended.

A light start into the fresh trading week is likely to see a continuation of risk-on mood across asset classes.

AUDUSD: Pivotal point at 0.6884

USDJPY: Close to long-term bullish breakout beyond 110.00

Bitcoin: Weakly bullish

The Euro has rallied slightly during the trading session on Friday as you would expect, considering that the US jobs number missed the expected announcement

The Australian dollar has rallied significantly during the trading session on Friday, breaking above the 200 day EMA in a shows strength yet again.

The NASDAQ 100 initially tried to rally during the day on Friday but pulled back a bit as we had broken above the 9000 handle.

The US dollar has rallied slightly during the trading session on Friday, but the jobs report out the United States was a bit lower than anticipated.

The S&P 500 has initially rally during the trading session on Friday, but the jobs number was a bit disappointing in the United States.