Forex Daily Forecast, Analysis and Prediction

The US dollar remains the strongest against most other major currencies, as investors buy the American currency amid large efforts by the US central bank to stimulate the American economy and American markets.

With the beginning of this week’s trading, the recent US dollar record gains have stopped.

Today, investors' attention will turn to the announcement of the readings of the purchasing managers' index for the industrial and services sectors of the Eurozone economies.

The US dollar pulled back a bit initially during the trading session on Monday but found enough support near the ¥109.50 level to turn around and rally again.

The S&P 500 gapped lower during the trading session to kick off the week on Monday, and then went limit down at one point.

The Australian dollar has gone back and forth during the trading session on Monday to kick off the week, as we continue to hover around the 0.58 level.

The Euro has been all over the place during the Monday session, as the Federal Reserve has suggested that it was going to expand quantitative easing yet again.

The British pound initially tried to rally during the trading session on Monday but then fell apart as the market reached towards the 1.15 handle.

The NASDAQ 100 has been all over the place during the trading session on Monday, oscillating between gains and losses with the 7000 level being the fulcrum for price.

AUD/USD: Price at very pivotal point

USD/JPY: Yen getting weaker over time

BTC/USD: Pivotal point at $6,418

Core inflation in Singapore turned negative for the first time since 2010, and the Money Authority of Singapore (MAS) announced it is closely following the impact of Covid-19

With the global liquidity rush pressuring the US Dollar higher across the board, it created a distorted image in the Forex market.

GBP/USD: New 35-year low price last week