Forex Daily Forecast, Analysis and Prediction

WTI Crude Oil finished near the 74.350 USD price per barrel on Friday.

The GBP/USD was trading near the 1.26150 mark on Friday which may have set off alarm bells among cautious speculators, this as Tuesday’s and Wednesday’s highs above the 1.27000 level seemed as if they would vanish into the sunset.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 3rd, 2023 here.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

The USD/CHF struggled to find direction most of the day on Thursday against the Swiss franc as the markets have embarked on quite a bit of volatility.

Silver's overall bullish sentiment remains intact, but it's currently grappling with a pivotal obstacle at the $25 level, a significant psychological and round figure that demands our attention.

The gold markets experienced a modest decline in the early hours of Thursday's trading session, but there is no immediate sign of a significant breakdown on the horizon.

The Ethereum market maintained a sense of calm during the early hours of Thursday's trading session, hovering just slightly above the critical $2000 threshold.

Bitcoin demonstrated a mixed performance during the Thursday trading session, leaving market participants oscillating between bullish aspirations and concerns of potential overextension.

The S&P 500 made an initial attempt to rally during Thursday's session, yet it continues to grapple with considerable resistance just above.

The EUR/USD initially made an attempt to rally during Thursday's trading session, only to make an about-face and exhibit signs of negativity.

The moves of the US dollar showed a lot of volatile dynamics during the initial stages of Thursday's trading session, mirroring the resilience observed on the previous day.

The crude oil markets experienced a noteworthy uptick during Thursday's trading session, coinciding with the pivotal OPEC meeting.

The AUD/USD embarked on a tumultuous journey in the recent trading session, mirroring the capricious nature of market participants.

The EUR/USD enjoyed a solid month of climbs upwards for traders who were lurking with their bullish sentiment and now may feel stronger action if possible.