Forex Daily Forecast, Analysis and Prediction

The British pound has fallen down to the 1.2350 level during the trading session on Friday, as the Bank of England has shown itself to be extraordinarily loose with monetary policy and likely to get even worse.

The Euro rallied a bit during the trading session initially on Friday but then turned around to show signs of strength.

USD/JPY: Low volatility in this currency pair

The Australian dollar initially rallied during the trading session on Friday but gave back significant gains in order to form a bit of a shooting star.

The S&P 500 has gone back and forth during the trading session on Friday as the quadruple witching session always causes mass chaos.

Brent Crude has not experienced the fire storm of its closely correlated trading cousin WTI, West Texas Intermediate.

BTC/USD: $9,500 area looks very decisive

GBP/USD: Strong pivotal point likely at 1.2456

Brazil and the US are leading the total global Covid-19 count, as well as new daily infections.

Global Covid-19 infections are surging to new daily records, led by the US.

India and China are attempting to defuse the border conflict at Galwan River valley peacefully after a brawl left dozens of troops dead.

Australia is heading towards an economic collapse unless the government maintains its present support.

The value range of the USD/ZAR continues to deliver a known trading range which speculators may find opportunistic and worthy of taking positions.

EUR/USD: Bearish head & shoulders pattern completed

Safety means a lot to traders particularly as the weekend approaches.