Forex Daily Forecast, Analysis and Prediction

GBP/USD: Breakout beyond 1.2515

EUR/USD:Strong resistance at 1.0968

Ripple has staged a massive recovery in percentage terms after the initial response to the global Covid-19 pandemic forced broad-based selling across the financial market

The US dollar has been relatively quiet against the Indian Rupee during the trading session on Monday but that’s not a huge surprise.

The British pound broke above the 1.25 level during the trading session on Monday to kick off the week, which of course is significant from a psychological standpoint.

US President Trump aims to maintain voter trust in the economy post-Covid-19.

The West Texas Intermediate Crude Oil market initially gapped higher to kick off the trading session on Monday as rumor started to come out

Australian Finance Minister Cormann echoes the sentiment of other leaders across the developed world that the economy will face a steep second-quarter contraction, followed by an equally powerful reversal in the second half of 2020.

The pressures on the USD pushed the USD/JPY to retreat to the 108.20 support before closing the week's trading around the 108.45 level and complete the pace of decline at the beginning of this week's trading down to the 107.80 support at the time of writing.

Increased uncertainty and weakening of the US dollar were motivating factors for gold investors to push gold prices up to the $1692 resistance, its highest in seven years, before it closed last week’s trading around the $1675 resistance.

The pair benefited a lot from the noticeable improvement in the health of British Prime Minister Boris Johnson from Coronavirus symptoms, along with a weak US dollar.

Despite the weakness of the US dollar during last week's trading, gains of the EUR/USD pair did not exceed the 1.0952 resistance, and for both trading sessions, it failed to overcome it.

AUD/USD: Normal bearish retracement underway

USD/JPY: Today may see a renewed flow into safe havens

New Zealand remains in a nationwide lockdown, but discussions on how much longer the most extreme measures should be kept in place are intensifying.