Forex Daily Forecast, Analysis and Prediction

The USD/MYR has produced a satisfying bearish trend for patient speculators.

The USD/INR continues to trade within a fairly tight range, but it has not been without drama as the important threshold of 74.9000 was tested and broken slightly higher yesterday.

Singapore recorded its worst quarterly GDP contraction in the second quarter, down 13.2%, amid the fallout of the global Covid-19 pandemic.

While the global Covid-19 pandemic dominates the headlines, rating agencies diverge on the outlook for Pakistan.

Bitcoin/USD: Will it reach $10500?

USD/JPY: Trend reversal starts.

AUD/USD: Australian employment numbers.

GBP/USD: A correction awaits momentum.

EUR/USD: The chance for the 1.1900.

The British pound fell a bit during the trading session on Wednesday, reaching down towards the 1.30 level before bouncing a bit.

Gold markets finally showed some stability during the trading session on Wednesday, breaking below the $1900 level initially before finding support at the 50 day EMA.

Silver markets were all over the place during the trading session on Wednesday after we had a horrific Tuesday session.

The NASDAQ 100 has rallied rather significantly during the trading session on Wednesday, after gapping to the upside.

The S&P 500 has initially pulled back a bit during the trading session on Wednesday after gapping ever so slightly to the upside.

The Euro rallied again during the trading session on Wednesday, as we have tested the top of the inverted hammer from the trading session on Tuesday.