Forex Daily Forecast, Analysis and Prediction

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 3, 2020.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of 3 may, 2020 here.

Get the weekly Forex forecast for major currency pairs for the week of May 4, 2020 here.

Financial markets embarked on a substantial recovery off of their March lows.

India is considering a series of financial support mechanisms for its ailing business sectors, as the Covid-19 pandemic keeps the global economy hostage.

While the Eurozone is facing multiple threats to its economy and union alike, it is trumped by increasingly weak US data

New Zealand implemented one of the most severe lockdown measures, which was successful in combating the Covid-19 outbreak.

The Euro rallied significantly during the trading session on Thursday, reaching towards the 1.10 level

Although the US dollar made an impressive turnaround during the trading session on Thursday, it is telling that the entire top of the candlestick gave back the gains late in the day

The Australian dollar has pulled back just a bit during the trading session on Thursday, reaching down to test the 0.68 level.

The S&P 500 pulled back a bit during the trading session on Thursday, as we had run into the 2945 level, which is where the 200 day EMA sits.

The NASDAQ 100 has pulled back a bit during the trading session on Thursday, after breaking significantly above the 9000 level.

The British pound has rallied rather significantly during the trading session on Thursday, reaching towards the 1.26 level.

Silver markets have been all over the place during trading on Thursday.

The DAX initially trying to rally a bit during the trading session on Thursday but gave back the gains as we headed into the gap that has been formed on the daily chart.