Forex Daily Forecast, Analysis and Prediction

Gold ended the week up 0.96% at $1233.44 an ounce, helped by political uncertainties and a weakened case for a rapid course of U.S. interest rate increases.

Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of February 13, 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 13, 2017.

The FTSE 100 initially fell during the day on Thursday, but found enough support below to turn things around and break much higher.

The EUR fell a bit during the day on Thursday, breaking below the 50-day exponential moving average. The British pound rallied on Thursday but then fell backwards towards the 1.25 level.

The WTI Crude Oil market rally during the day on Thursday, showing signs of support yet again. The natural gas markets initially tried to rally during the day on Thursday, but turned around to form a shooting star.

The S&P 500 broke higher during the day on Thursday, clearing the top of the shooting star from Tuesday. The NASDAQ 100 broke higher during the day on Thursday, as we continue to extend the gains.

The US dollar broke above the 112.50 level, showing signs of strength. The Australian dollar had a volatile session during the day on Thursday, as we continue to bang around just above the 0.76 handle.

Gold prices dropped $13.18 an ounce yesterday as the strength in the dollar and global equities sapped demand for the metal as an alternative investment.

Get the NZD/USD Forex signal for February 9, 2017 here.

Get the AUD/USD Forex signal for February 9, 2017 here.

Get the USD/JPY Forex signal for February 9, 2017 here.

Get the USD/CAD Forex signal for February 9, 2017 here.

Get the USD/CHF Forex signal for February 9, 2017 here.

Get the GBP/USD Forex signal for February 9, 2017 here.