Forex Daily Forecast, Analysis and Prediction

EUR/USD: Bearish head & shoulders pattern completed

Safety means a lot to traders particularly as the weekend approaches.

Silver markets have rallied a bit during the trading session on Thursday as we continue to see strength in precious metals markets overall.

The USD/PKR does not trade in a vacuum, but recent trading of the Pakistani Rupee suggests that its trend is not correlated to many forex pairs.

Bitcoin markets have gone back and forth during the trading session on Thursday, as we continue to see a lot of noise in this market.

Gold markets have rallied significantly during the trading session on Friday, reaching above the $1750 level for the first time in a while.

The West Texas Intermediate Crude Oil market looks as if it is trying to rally towards the $41 level, which is the top of the gap.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of June 21, 2020.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 21,2020 here.

Start the week of June 21, 2020 with our Forex forecast focusing on major currency pairs here.

After putting in a day of solid gains mid-week, the Mexican Peso lost some value yesterday as the USD/MXN was bought.

According to the latest ZEW survey for June, investors believe continental Europe’s largest economy is in the early phases of recovery.

Yesterday’s initial jobless claims out of the US pointed towards a significantly weaker recovery trend than the May NFP report suggested.

Argentina is on track to record its third consecutive year of GDP contraction in 2020.

Roberto Gualtieri, the Italian Minister of Economy and Finance, acknowledged that the economy will exceed the 8.0% contraction for 2020 presently forecast.