Forex Daily Forecast, Analysis and Prediction

The USD/MXN has provided traders with a rather entertaining display of rapid shifts in value the past month.

The past week and a half of trading within the USD/SGD has produced a renewed cycle of bearish momentum.

The USD/BRL has sustained its bullish momentum and is continuing to battle resistance levels which may prove important as psychological barometers if they are proven to be weak.

South Africa, home to the world’s most unequal society, continues to struggle more from procrastination by the government of President Cyril Ramaphosa than from the Covid-19 pandemic.

While India remains at the top of new daily Covid-19 infections, slowly closing the gap to the US, which is the most-infected country globally, the economy continues to show signs of recovery.

The US dollar has broken down during most of the trading session on Friday against the Japanese yen to reach towards the ¥105 level.

The NASDAQ 100 had a miserable day on Friday as there was more of a “risk off” feel to the technology stocks, which is interesting considering they have not let the market go higher for the longest time.

The US dollar has rallied a bit during the trading session on Friday, as the Dollar continues to build a bit of a base against the Canadian dollar.

AUD/USD: key risk sentiment barometer

The Australian dollar has broken down a bit during the trading session on Friday, slicing through the 50 day EMA as the world got wind of the president of the United States contracting the coronavirus.

The S&P 500 has fallen during most of the session on Friday as it was announced that Donald Trump has corrected coronavirus, with a particular emphasis on selling during the Globex session.

USD/JPY: Short-term bullish trend

BTC/USD: Reversals from price extremes likely to be best strategy

Silver markets have gone back and forth during the trading session on Friday, as we cannot quite decide what to do with the $24 level.

GBP/USD: Pound has stabilized against the Euro