Forex Daily Forecast, Analysis and Prediction

Due to the surge in Covid-19 infection across Europe, South Africa continues to decline in the global ranking of most-infected countries, presently at number thirteen,

The US dollar has been crashing against the Japanese yen for some time, albeit in a slow-motion manner.

The Australian dollar has rallied quite sharply during the trading session on Thursday, as we are reaching towards the previous uptrend line which we had broken through and tested at least once.

Silver markets rallied rather stringently during the trading session on Thursday, as the US dollar continues to get pummeled.

The bitcoin markets exploded to the upside as the US dollar got hammered during the trading session on Thursday as the US dollar got hit.

Gold markets have rallied quite significantly during the trading session on Thursday, as the US dollar has gotten hammered.

Risk-on sentiment recovering firmly.

Bullish acceleration beyond price channel.

For three trading sessions in a row, the EUR/USD pair is trying to rebound higher in light of the pressure on the US currency, which awaits the final results of the dramatic US elections.

In a surprising move, the Bank of England announced that the date of announcing its monetary policy decisions was unusually early today.

Instability and cautious anticipation is what characterizes the gold performance in recent trading sessions, as the yellow metal awaits the final results of the US presidential elections.

The bears continued the stronger control over the USD/JPY performance, as markets were still facing the unknown about the winner of the US presidential elections.

The Brazilian real has endured a significant bullish trend against the USD since the 18th of September.

Both currencies subject to strong volatility.

The USD/TRY has exhibited the ability to prove bearish sentiment can create downward reversals within the forex pair the past day.