Forex Daily Forecast, Analysis and Prediction

The S&P 500 fell a bit during the trading session initially on Tuesday during Globex trading, but at the end of the day we found buyers below at 2400.

The NASDAQ 100 rallied a bit during the trading session on Tuesday, reaching towards the 7500 level.

The US dollar rallied a bit during the trading session on Thursday, reaching towards the ¥108 level, an area that has been resistance previously.

Most foreign travel into the European Union is banned for thirty days as the EU shut its external borders.

GBP/USD: U.K. coronavirus strategy reversal in focus

A £350 billion war-time like rescue package was announced by the UK to combat the economic fallout from Covid-19.

Switzerland announced CHF10 billion in assistance to small businesses and employees as Covid-19 has crippled the supply chain

While financial markets are faced with the most significant stress since the global financial crisis of 2008, the cryptocurrency sector is trapped in the middle of capital outflows.

EUR/USD: More Bearish

The Bitcoin market has rallied slightly during the trading session on Tuesday, as the $5000 level has offered enough support to cause the market to pop a bit.

Silver markets went back and forth during the trading session on Tuesday, bouncing around just above the $12 level after massive selloffs have hit this market.

The WTI Crude Oil market initially rallied during the trading session to reach towards the $30 level,

Gold markets went back and forth during the training session on Tuesday, using the 200 day EMA as a supportive indicator.

The recent decisions of the US Federal Reserve Bank to reduce the interest rate to the threshold of 0% with more quantitative easing plans along with the strict efforts of the US government to stop the bleeding of record losses for the US stock markets.

Despite world concern and record losses for global stock markets led by Wall Street, gold prices continue to decline sharply.