Forex Daily Forecast, Analysis and Prediction

BTC/USD: New higher support at $4,912

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

EUR/USD: Bearish consolidation

nstitutional selling across the cryptocurrency sector is anticipated to continue as portfolio managers are forced to raise capital to meet margin calls.

After the Bank of Japan held its emergency meeting yesterday, in response to the US Federal Reserve’s second panic response to Covid-19 this month on Sunday,

More governments realize that Covid-19 has placed the global economy on track to a recession.

Australian consumer confidence stabilized according to one metric but remains depressed.

AUD/USD: New 11-year low price

USD/JPY: Both central banks taking easing measures

Despite the US Federal Reserve action last night, slashing interest rates to 0.00% and boosting quantitative easing, the USD/MXN was pressured higher.

Strong interest from investors to buy the US dollar after the recent and successive measures by the US Federal Reserve, and the US government.

BTC/USD: No real lower limit below $4,116

The strength of the US dollar after recent decisions by the US Federal Reserve and the government under Trump's administration increased sales of gold bars.

At about 900 points, the price of the GBP/USD pair collapsed at the end of last week’s trading.

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