Forex Daily Forecast, Analysis and Prediction

Mexico’s economy struggles under Covid-19 lockdown measures, facing identical challenges as most countries are balancing the healthcare system with job losses and economic activity.

EUR/USD: Break below support likely to trigger deeper retracement

Despite the surge in global Covid-19 infections, the Reserve Bank of Australia remains more upbeat than other central banks.

The Singapore Dollar like many currencies lost value to the US Dollar early yesterday as safe-haven trading escalated. However, in the past twelve hours, the USD/SGD has begun to see sellers emerge.

In the last two trading sessions of the GBP/USD pair during last week's trading, the pair lost a lot of its gains, as the pair retreated to the 1.2473 support.

After four straight bearish sessions for the USD/JPY last week, the pair collapsed to the 106.56 support, the lowest level for a month.

The British pound initially tried to rally during the trading session on Friday, breaking above the 200 day EMA.

The S&P 500 went back and forth during the trading session on Friday, as traders trying to stabilize the markets after that massive rout on Thursday.

The US dollar has rallied nicely against the Japanese yen during the trading session on Friday.

For three consecutive trading sessions, the EUR/USD pair is moving in a downward correction range that pushed it towards the 1.1212 support at the end of last week’s trading.

The USD/PKR is testing important resistance near 166.0000 as the currency markets are being pressured by sharp losses on major international stock indices, as the Asia trading session operates and futures markets in the US suggest a day of losses on Wall Street.

An ascending week compensated the losses of the previous week.

The NASDAQ 100 has gone back and forth during the trading session on Friday in a sign of uncertainty, but after the massive selloff on Thursday

AUD/USD: AUD hit by risk-off sentiment

USD/JPY: No long-term trend