Forex Daily Forecast, Analysis and Prediction

Switzerland witnessed a gradual increase in new Covid-19 infection since mid-June when it started to open its land borders and eased restrictions.

USD/JPY: Japanese Yen is the strongest major currency

The Australian dollar has gone back and forth during the trading session on Friday, initially trying to pull back before rallying and before pulling back again only to settle on a relatively unchanged candle.

The NASDAQ 100 has fallen during the trading session on Friday, reaching below the 11,000 handle rather significantly.

Bitcoin markets have fallen a bit during the trading session on Friday, as we try to get above the $11,000 level.

BTC/USD: Bearish on risk-off sentiment

The US dollar has gone back and forth during the trading session on Friday but overall has seen more negativity than anything else.

The S&P 500 has initially fallen during the trading session on Friday, but as it was a quadruple witching day, the options market had their say as far as volatility was concerned.

Silver markets went back and forth during the trading session on Friday, as we continue to see a lot of choppiness.

GBP/USD: Price likely to continue to move sideways

The British pound initially tried to rally during the session on Friday but failed at the 1.30 level yet again.

EUR/USD: Key support at 1.1826

Gold markets went back and forth during the trading session on Friday again, as we simply drift sideways in general.

The West Texas Intermediate Crude Oil market initially pulled back a bit initially during the trading session but found some support at the 50 day EMA before turning around to reach towards the 200 day EMA.

The Euro has gone back and forth during the trading session on Friday but at this point it looks as if it is still struggling with the idea of the 1.19 level above, which has offered significant resistance.