Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair fell during most of the session on Monday as the jitters involving the fiscal talks in the United States continue to put a bit of a weight around bullish attitude in the market.

The Kiwi got a little boost out of the Australian RBA announcement during Asian trading which saw the RBA reduce the Overnight Cash Rate to 3.00 from 3.25.

Today’s ETF trade of the day is in EWJ, a Japanese index fund. The fund seeks results that correspond generally to the price and performance of securities in the Japanese market, primarily on the Tokyo Stock Exchange.

According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.

XAU/USD fell for the week but managed to close just above the Kijun Sen line (1713.38) at 1713.55. Prices drop after Moody's Investors Service has downgraded European Financial Stability Facility and European Stability Mechanism from Aaa to Aa1.

The EUR/USD pair rallied during most of the session on Friday, but gave back quite a bit of the gains once we got above the 1.30 level. The thing that I found most interesting about this candle is that it is the second shooting star a row, which normally means bad things.

The USD/JPY pair continues to be one of my favorite trades at the moment as I see such a lopsided opportunity. The Bank of Japan looks set to continue printing Yen into the foreseeable future, and this will be especially true if the opposition leader Mr. Abe wins the general election, which is something that he is expected to do.

The AUD/SGD pair is a good way to read where the money flows are going in Asia. After all, the Singapore dollar is somewhat a proxy for the Chinese yuan. This being said, you can somewhat gauge how much money is flowing from Asia into Australia to buy commodities.

The USD/CHF, aka Swissy is at a key area of support just as the EUR/USD is at a key level of resistance. The pair is sitting on a zone at roughly 0.9250 as the Asian session winds down, having come within only a few pips of last week's lows already, there appears to be a solid chance that the currency pair might shear this support level and head lower.

Get this signal based on MACD divergence and find your entry to EUR/GBP at DailyForex.com.

Start the new month with a few trading ideas on some of the major pairs. See what may be in store for this week.

Follow up on the CAD/JPY pair with this Forex signal. Get the recommendation before the markets close for the weekend.

XAU/USD recovered some of Wednesday’s losses after John Boehner, the speaker of the U.S. House of Representatives, said “Despite the claims that the president supports a balanced approach, the Democrats have yet to get serious about real spending cuts.

The EUR/USD pair initially gained during the session on Thursday, but as you can see on the chart once we met the 1.3050 level the sellers came in and took over again.

The CAD/JPY pair had a fairly quiet session on Thursday as lows the Yen-related pairs sat still. While the world assumes that the opposition will win the elections in Japan, it is also assumed that the public statements that have been made will carry over into the Bank of Japan.