Forex Daily Forecast, Analysis and Prediction

New Zealand’s Prime Minister Ardern announced that the nationwide lockdown contained the Covid-19 outbreak,

As I mentioned before, I now confirm that the USD/JPY pair remains in a fierce struggle between safe havens since the beginning of the Coronavirus crisis.

The strength of the US dollar contributed to the selling of the yellow metal during yesterday's trading.

Approximately 200 points was the sum of the GBP/USD losses during yesterday's trading session.

Selling pressure pushed the EUR/USD towards a stronger lower level at 1.0811.

AUD/USD: Mixed picture

Economists forecast a slower recovery in Canada as compare to the US. The ongoing collapse in oil prices is posing a vital challenge to both economies.

South Africa announced an unprecedented R500 billion economic stimulus in response to the global Covid-19 pandemic.

India’s 2021 fiscal year projection by the International Monetary Fund forecasts a 7.6% GDP expansion

A recent poll revealed that almost 50% of surveyed economists believe the US will enjoy a U-shaped recovery sooner than expected

USD/JPY: Both currencies are strong

BTC/USD: New higher support gives mixed picture

GBP/USD: Support at 1.2252 looks strong

EUR/USD: Ranging price action

The S&P 500 has had a rough session on Tuesday, as the 50 day EMA continues to offer significant resistance right at the psychologically important 2800 handle.