Forex Daily Forecast, Analysis and Prediction

Federal Reserve Chair, Jerome Powell, stressed again in his testimony to the US Congress on what he said before, that the US central bank is ready to cut interest rates

On the gold’s daily chart, it seems clear that the stability of prices for four trading sessions respectively, with gains stopped around the $1427 resistance level, before settling around $1411 at the time of writing.

With the beginning of this week’s trading, the USD / JPY pair rebounded to the 108.98 resistance level, but with the US Federal Reserve's signs of nearing the US interest rate cut, the pair fell to the 107.85 level

NZDUSD: New bullish 3-month high

AUDUSD: Bullish but 0.7050 the real test

USDJPY: More bearish below 108.06

Bitcoin: Possible long-term buying opportunity below $10,000

The US dollar initially tried to rally during the trading session on Friday but then collapsed against the Japanese yen as the greenback got sold off against just about everything.

The British pound rallied significantly during the day on Friday, testing and breaking above the top of the shooting star from the Thursday session.

The Euro initially pulled back during the trading session on Friday but found enough buyers underneath the turn things around.

The S&P 500 rallied again during the day on Friday, reaching above the 3010 level to show even more strength.

The NASDAQ 100 rallied significantly during the trading session on Friday, testing the top of the shooting star from Thursday.

Bitcoin markets rallied a bit during the day on Friday to reach towards the psychologically and structurally important $12,000 level.

The WTI Crude Oil market has gone back and forth during the trading session on Friday, sitting just above the psychologically important $60 level.

Natural gas markets rallied a bit during the trading session on Friday, dancing around the 50 day EMA.