Forex Daily Forecast, Analysis and Prediction

The British pound has rallied during the trading session again on Monday, but unlike the previous couple of sessions, the market has retained most of its gains,

The Australian dollar has rallied to kick off the trading session on Tuesday, breaking above the 0.67 level yet again.

The NASDAQ 100 has initially tried to rally during the trading session on Tuesday, showing signs of exhaustion after initially rallying.

The price of the EUR/USD pair found the opportunity to correct higher.

The US dollar has rallied a bit during the trading session on Tuesday, slaving into the ¥110 level, an area that has been resistance more than once.

The S&P 500 rallied a bit during the trading session on Tuesday but gave back quite a bit of the gains as Jerome Powell testified in front of Congress.

The West Texas Intermediate Crude Oil market rallied significantly to kick off the Tuesday session, but then gave back the gains to form a bit of an inverted hammer.

The Bitcoin market has rallied quite significantly during the trading session on Tuesday, breaking above the shooting star from the Monday session.

Natural gas markets drifted a bit lower to kick off the trading session on Tuesday, but then turned around to rally a bit.

Gold markets pulled back a bit during the trading session on Tuesday but found enough buyers near the $1565 level to turn around and show signs of life.

Despite a series of economic disappointments, the Singapore Dollar managed to recover off of depressed levels.

After the Reserve Bank of New Zealand maintained its interest rate at 1.00%, noting that the economic damage from the coronavirus remains does not justify an adjustment

Turkey’s economy is on a firm path to recovery in 2020, but challenges remain. Consumer confidence is depressed, while foreign direct investment (FDI) may not recover until 2021.

GBP/USD: U.K. Advance GDP data had little impact

EUR/USD: 2.5-year low at 1.0879 under threat