Forex Daily Forecast, Analysis and Prediction

The S&P 500 has had a bad trading session during the day on Wednesday, as we continue to see a lot of concerns out there when it comes to the global growth situation,

The British pound fell during most of the trading session on Wednesday, but as you can see, we also have a bit of a bounce.

USD/JPY: More bearish on souring risk sentiment

Bitcoin usually leads the cryptocurrency market in either direction.

BTC/USD: New bullish price channel

GBP/USD: Pound making bullish consolidation

EUR/USD: Key support at 1.0889

Canada’s economy was in dire shape to start the year, with GDP expanding a dismal 0.1%.

Structural weakness across the Eurozone and the European Union is highlighted by the Covid-19 pandemic, which is forcing the global economy into a recession

Silver markets have gone back and forth during the trading session on Wednesday, reaching below the $14.00 level.

The German index gapped lower to kick off the trading session in the futures market on Wednesday, as the 10,000 level continues to cause major issues.

Gold markets have gone back and forth during the trading session on Wednesday, as we dipped a below the 50 day EMA only to turn around and show signs of strength.

The West Texas Intermediate Crude Oil market initially tried to rally but then fell towards the $20.00 level.

Wartime measures are required to combat Covid-19, according to the International Monetary Fund (IMF).

At the beginning of yesterday's trading, the EUR/USD pair fell to the 1.0926 support, but the pair quickly benefited from the decline in the US dollar and rose to the 1.1037 resistance, where it is stable around the beginning of today’s trading.