Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair initially fell during the session on Friday, but the release of the nonfarm payroll numbers juiced the market enough to push this pair well above the 101 level.

The GBP/USD pair fell hard during the Friday session, smashing through the 1.50 level like it wasn't even there.

The EUR/USD pair fell on Friday again as the US nonfarm payroll numbers came out stronger than anticipated.

The major focus of the last trading day of the week was encouraging employment data out of the world's biggest economy.

Check out the forecast for the week on some of the major Forex pairs here.

The XAU/USD pair ended the yesterday's session with a small loss but remained within the last three days trading range.

The WTI Crude Oil markets did very little during the session on Thursday, as one would expect as the Americans celebrated Independence Day.

The EUR/USD pair fell hard during the session on Thursday, breaking well below the 1.30 handle again.

With the Bank of Japan continuing its quantitative easing program, it's almost impossible to imagine a Yen that continues to gain in value overall.

The USD/CAD pair had a pretty volatile session on Thursday, but you have to keep in mind that the pair is mainly traded between American and Canadian traders at best, so obviously most of the volume is done in North America.

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USD/JPY has been one of the most stable major pairs in recent years, until it exploded upwards last October, rising for eight consecutive months and eventually reaching close to a five-year high.

As the currency of a major gold-producing country, the AUD has been highly positively correlated with the price of gold.

The pair was very bullish yesterday after better than expected numbers were released for PMI Services.

The gold market appears to be stable with the bulls and bears gaining and losing ground almost equally during the Asian session.