Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of 24 may, 2020 here.

Get the weekly Forex forecast for major currency pairs for the week of May 24, 2020 here.

While economies are gradually lifting nationwide lockdowns, the World Health Organization reported a daily record in new confirmed Covid-19 cases, exceeding 100,000.

The US dollar rallied a bit during the trading session on Thursday, reaching towards the ¥108 level above before pulling back.

The British pound broke down significantly during the trading session on Thursday, as there was more of a “risk off” type of trade.

The Euro went back and forth during the trading session on Thursday, as we have seen the 1.10 level cause issues yet again.

The NASDAQ 100 has pulled back significantly during the trading session on Thursday as the 9500 level has offered far too much in the way of resistance.

The S&P 500 did pull back a bit during the trading session on Thursday, as we cannot seem to be able to break above the 3000 handle.

The Australian dollar has shown itself to be strong over the last couple of days, but it pulled back from the 0.66 level rather stringently.

The silver markets fell rather hard during the trading session on Thursday after testing the $18 level.

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Thursday, breaking above the $34 level before pulling back just a bit.

Bitcoin markets broke down significantly during the trading session on Thursday as we had seen a move into the US dollar overall.

The gold markets broke down significantly during the trading session on Thursday as we have pulled back from the $1750 level.

US economic data supports a more severe economic disruption than previously forecast.

With UK businesses slowly returning to an adjusted economic and social environment, the realization that a slow recovery lies ahead positions companies,