Forex Daily Forecast, Analysis and Prediction

As trading begins this week, there will be a US holiday that will weaken investor sentiment and market liquidity.

The EUR/USD exchange rate was on sale after the Eurozone inflation rate came in line with expectations and the unemployment rate in the region unexpectedly fell, but the rise is likely to remain limited.

The British pound initially tried to rally against the Canadian dollar on Friday, but then gave back gains to show signs of hesitation.

You can see that the Canadian dollar has rallied a bit during the trading session on Friday against the Japanese yen, and it looks like we are doing everything we can to really start to recover.

The USD/ILS exchange rate as of this writing is near the 3.64610 ratio as quick trading prices are being exhibited.

You can see that the Australian dollar did initially try to rally during the trading session on Friday but gave back gains above that crucial 0.68 level.

The USD/ZAR pair as of this writing is near the 17.84825 ratio with quick changes being displayed on the trading screen.

The ASX 200 pulled back into a consolidation area.

It’s obvious to me that we are reaching a major resistance barrier, looking at the €7700 level as a major ceiling.

The US dollar has pulled back a bit against the Mexican peso during the trading session on Friday, as the 20 MXN level continues to be a bit difficult.

As we have broken higher during the trading session on Friday, it looks like we are continuing to see the Swiss franc lose some of its strength.

The silver market has been so negative.

The GBP/USD currency pair erased some of its recent gains as the recent US dollar index crash eased.

The Dow Jones 30 initially tried to rally a bit during the trading session on Friday, but then gave back gains rather rapidly.

The EUR/USD pair retreated last week after the encouraging US and European consumer inflation numbers.