Forex Daily Forecast, Analysis and Prediction

Bitcoin enjoyed the relative calm in global financial markets over the past three weeks, offering yet more evidence that the cryptocurrency market is connected to the existing system

Covid-19 related economic disruptions remain severely underestimated by financial markets, especially the long-term implications of it.

Divisions across the European Union and the Eurozone are laid bare, as the global Covid-19 pandemic is shining a light on the core of economies.

UK Prime Minister Johnson remains in intensive care, and First Secretary of State Raab has deputized the PM since Monday.

Despite the negative results of the US Labor Department report, which confirmed that the American labor market began to suffer from the rapid spread of the Coronavirus, to the point where the US states became the top country on the list of the most affected by the epidemic.

With Austria and Denmark relaxing lockdown measures, Germany drafting plans to return to a new normal, and the global death toll easing

The price of an ounce of gold increased by $60 in the beginning of this week’s trading, and the price of the yellow metal jumped to $1670 an ounce, before settling around the $1660 level in the beginning of today’s trading.

Japan unveiled a record-breaking ¥108 trillion economic stimuli, equivalent of 20% of GDP.

As soon as it was announced that British Prime Minister Boris Johnson will enter intensive care.

The USD/JPY rose by more than 100 points in the beginning of this week’s trading, reaching the 109.37 resistance before the pair stabilized around the 109.20 level at the time of writing.

Despite criticism of the New Zealand government’s reliance on infrastructure projects to grow out of the Covid-19 global pandemic,

Australian job advertisements slumped for March while February exports and imports posted contractions.

AUD/USD: Resistance possible around 0.6200

The US dollar has rallied a bit against the Japanese yen, breaking significantly above the resistance that we had seen over the last couple of days.

The Euro has gone back and forth during the trading session on Monday to kick off the week.