Forex Daily Forecast, Analysis and Prediction

More risk appetite translates into losses for yellow metal, one of the most important safe havens, which is happening now as gold prices fell to $1287 an ounce at the time of writing.

Expectations are for quiet moves today under an empty economic calendar.

The US dollar has rallied quite nicely against the Japanese yen during trading on Friday, breaking above the ¥112 level.

Gold markets tried to rally initially during the trading session on Friday but struggled at the $1300 level.

The US dollar went back and forth during the trading session on Friday against the South African Rand, just as we have seen quite a bit of mixed action against the US dollar in general.

The WTI Crude Oil market initially tried to rally during the trading session on Friday but gave back most of the gains to form a bit of a shooting star.

The Euro rallied significantly during the trading session on Friday, breaking above the 50 day EMA.

The S&P 500 rallied a bit during the trading session on Friday, breaking above the crucial 2900 level.

Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of April 14, 2019 here.

The US dollar rallied rather significantly during the trading session on Thursday, slicing through the vital 111.50 level, which is massive resistance that extends to the ¥112 level.

Gold markets broke down significantly during the day on Thursday, in what looked a whole lot like panic.

The Euro initially tried to rally during the trading session on Thursday but struggled at the 50 day EMA.

Bitcoin fell rather hard during trading on Thursday, as we continue to see a lot of noise in this marketplace.

The WTI Crude Oil market fell a bit during the trading session on Thursday, as the $65 level continues to be a bit too much for the markets to deal with.

The S&P 500 continues to rotate at extreme highs, which isn’t much of a surprise considering that earnings season starts on Friday.