Forex Daily Forecast, Analysis and Prediction

The return of strong interest by investors in gold, as previously expected

The stronger than expected Chinese trade data also affected the dollar.

Cryptocurrencies recovered significantly following the first wave of institutional selling in response to the sell-off in global equity markets.

Optimism about the economic recovery potential remains elevated and prone to disappointment.

Singapore was initially hailed for its approach to the global Covid-19 pandemic, but cases have soared over the past week.

The silver market rally quite a bit during the trading session on Tuesday, but it still sees a lot of resistance above.

Gold markets rallied significantly during the trading session on Tuesday but gave back quite a bit of the gains in order to show signs of weakness.

The 5100 initially tried to rally during the trading session on Tuesday but gave back gains as we get close to the 6000 level in the futures market.

The West Texas Crude Oil market has sold off rather drastically during the trading session on Tuesday, reaching down below the $21 level.

The Australian dollar has rallied again during the trading session on Tuesday

The NASDAQ 100 has exploded to the upside during the trading session on Tuesday

The S&P 500 has rallied significantly during the trading session on Tuesday, clearing the 50 day EMA quite handily.

The British pound rallied significantly during the trading session on Tuesday, reaching towards the 200 day EMA

The US dollar has fallen against the Japanese yen during the trading session on Tuesday, reaching down towards the vital ¥107 level.

The Euro rallied a bit during the trading session on Tuesday, as we continue to see a lot of bullish pressure and we broke above the 50 day EMA.