Forex Daily Forecast, Analysis and Prediction

The Euro broke down below the 1.15 level during the day on Friday, a major area that I have been watching for some time.

The WTI Crude Oil market rallied after a significant selloff over the last couple of days on Friday.

The US dollar fell against the Japanese yen during trading on Friday but found a little bit of support underneath by the end of the day, forming a bit of a hammer.

Bitcoin markets fell during the trading session on wiping out about half of the gains from Thursday.

The S&P 500 has dropped hard during the trading session on Friday, as concern about the Turkish lira falling over 11% has rocked the markets.

Gold prices ended the week down $2.37 at $1211.32 an ounce, marking a fifth weekly decline, as a rally in the U.S. dollar overshadowed concerns over a deepening economic crisis in Turkey.

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Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of August 12, 2018 here.

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The EUR/USD pair has fallen to very low levels to close out the session on Thursday.

The bitcoin markets rallied a bit during the trading session on Thursday but did not overtake the selloff from the previous session on Wednesday.

The US dollar has been very noisy during Thursday trading session against the Japanese yen as we tested the ¥111 level.

The S&P 500 had a very quiet session during the trading session on Thursday as we continue to hover around the highs.

The WTI Crude Oil market was very noisy during trading on Thursday but did offer a bit of stability coming in at support.

Get the NZD/USD Forex signal for August 9, 2018 here.