Forex Daily Forecast, Analysis and Prediction

This is going to be one of the more difficult weekends for traders, as we will all be waiting around to see what type of headlines crossed the wires over the weekend.

The NASDAQ 100 has been all over the place during the trading session on Friday, as we are sitting at the 200 day EMA.

The Euro has shot higher during the trading session on Friday, but then broke down a bit only to turn around and rally again.

The British pound broke down a bit during the trading session on Friday.

The Australian dollar has broken down during the trading session on Friday.

The West Texas Intermediate Crude Oil market broke down below the $45 level during the trading session on Friday, showing signs of weakness yet again.

BTC/USD: Supported at $8,375

The natural gas markets broke down a bit during the trading session again on Friday.

GBP/USD: Pound Remains Weak

The gold markets have broken down significantly during the trading session on Friday, as forced liquidations hit various parts of the markets over the previous week.

The DAX market gapped lower to kick off the trading session on Friday, reaching down below €12,000 in the futures market.

With trade talks between the EU and the UK set to begin under time pressure to display progress by June, the British Pound is well-positioned to continue its advance.

Despite the record-breaking contraction in the Chinese manufacturing and non-manufacturing PMI’s February, resulting from Covid-19

Safe-haven demand continues to support the Japanese Yen, but the advance is exhausted following last week’s rout across the global financial system.

EUR/USD: Euro acting as safe haven