Forex Daily Forecast, Analysis and Prediction

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The Euro pulled back slightly during the trading session on Friday but then shot higher after the jobs number was just slightly disappointing.

The US dollar fell a bit against the Mexican peso on Friday after the jobs report was released.

The US dollar bounced around against the Japanese yen during Friday’s trading session, but after the jobs number came out it seems as if most traders simply went home.

The S&P 500 broke down a bit during the day on Friday, reaching towards the 2650 handle and even slicing below it just a bit.

The WTI Crude Oil market went back and forth during trading on Friday, as OPEC then announced a production cut.

Gold prices ended Friday’s session up $11.09 an ounce as the dollar slid in the wake of weaker-than-expected U.S. jobs data.

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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 9, 2018 here.

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The Euro rallied significantly during the trading session on Thursday, but then rolled over to show signs of weakness again.

Bitcoin markets fell again during the trading session on Thursday, after initially trying to rally.

The S&P 500 fell rather hard to kick off the trading session on Thursday, reaching down to the lows again but I think there is plenty of support at the 2600 level

The US dollar has spent most the day falling against the Japanese yen but found a bit of a bid underneath, as the uptrend line continues to hold the market up, just as the 200 day EMA does.