Forex Daily Forecast, Analysis and Prediction

The recent sharp gains in the US currency were a good reason for gold price collapse to the $1883 an ounce during Monday's trading, which is the lowest price for the yellow metal in two months.

The demand for the US currency as a safe haven increased.

The USD/JPY pair plummeted to the 104.00 support at the beginning of this week’s trading, which is the pair's lowest level in six months.

South Africa suffered a 51.0% GDP collapse in the second quarter and remains the ninth most-infected country globally and the most-infected one in Africa.

India continues to lead the world in new Covid-19 infections, slowly closing the gap to the US.

The Kenyan Shilling is displaying a strong tight trading range short term, but one that often sees the sudden emergence of spikes gyrate its value momentarily.

After consistently battling support levels in the last four weeks, the USD/BRL has displayed bullish sentiment the past two trading sessions as risk-averse trading has taken hold.

The USD/SEK experienced a sudden surge higher yesterday and resistance levels were brushed aside.

Technical traders who embrace pure charts can potentially learn to love the USD/PKR if they have enough speculative spirit and risk management experience.

AUD/USD: 0.7250 area remains pivotal

The Australian dollar initially tried to rally during the trading session on Monday but gave back the gains as we have reached towards the 0.72 level.

The NASDAQ 100 initially collapsed during the trading session on Monday, and then had a rough day after that.

USD/JPY: Long-term double bottom in place?

BTC/USD: $10k area may still be supportive

The US dollar has gone back and forth during the trading session on Thursday, initially trying to rally towards the ¥105 level, but then fell hard to reach towards the ¥104 level before bouncing yet again.