Forex Daily Forecast, Analysis and Prediction

The USD/SGD has seen a burst of selling emerge the past day and short term momentum is making current support levels appear vulnerable.

BTC/USD: Yet bulls muted below $10,000

GBP/USD: Trading above 1.2600 handle

Brazilian President Jair Bolsonaro tested positive for the Covid-19 virus on Tuesday but confirmed that he is in good health.

India began to ease lockdown restrictions related to the Covid-19 pandemic on June 8th and witnessed a surge in new infections since then.

EUR/USD: Approaching multi-month high price

The bitcoin markets have rallied a bit during the trading session on Wednesday, breaking above the $9400 level.

The silver markets have broken above a major resistance barrier during the trading session on Wednesday, leaving the $19 level behind.

The gold markets have rallied significantly during the trading session on Wednesday, slicing through the $1800 level.

The West Texas Intermediate Crude Oil market has rallied a bit again during the trading session on Wednesday as we continue to see a lot of resistance just above.

Prior to the announcement of the European Union economic forecasts updates on Wednesday, the EUR/USD pair is trying to achieve an upward correction,

During last week's trading, the GBP/USD pair increased by 1.1%, with gains pushing it to the 1.2529 resistance

As expected, gold prices continued to achieve gains, and reached the resistance at $1797 an ounce, the highest level in nine years,

For the second consecutive day, the USD/CAD is trying to achieve an upward correction after sharp losses that recently pushed it to the 1.3519 support

The Argentinian economy is expected to decline by a significant amount during 2020.