Forex Daily Forecast, Analysis and Prediction

The US dollar tried to rally during the trading session on Monday but continues to see a lot of noise near the ¥105 level.

While Switzerland handled the first wave of the COVID-19 pandemic better than most of its European neighbors, the conditions during the second wave are notably worse.

Unlike Europe and the US, Singapore maintains control over the COVID-19 pandemic.

Another new long-term high price.

Sideways action dominates.

Area at 1.1865 remains pivotal.

Aussie supported by growing risk-on market sentiment.

The EUR/USD currency pair did not celebrate much of the recent optimism about the coronavirus vaccines, and is waiting for the markets to officially approve their handling.

The pound was second in strength over the course of last week's trading amid strong performance from global stock markets, as well as possible indications that Downing Street may be about to make concessions in trade talks on Brexit.

The gold performance was disappointing during last week's trading as the sales increased strongly.

The US dollar quickly rose again against major currencies after market pricing Biden’s victory in the US elections and the announcement of the the COVID-19 vaccines successes, relieving pressure on markets and investors.

The DAX Index has produced a rather consolidated value range the past few days of trading.

Global risk appetite appears to be increasing and the Nikkei 225 Index is enjoying a positive ride higher as it creates better value for investors.

The price range of 20.25000 to 20.56000 remains a ferocious short-term testing ground for the USD/MXN.

Still making new long-term highs.