Forex Daily Forecast, Analysis and Prediction

Silver markets have exploded to the upside over the last couple of days, and the Tuesday session was not any different.

The Brazilian Real has been selling off quite drastically against the greenback since February 1 the coronavirus infection really started to take hold.

The gold markets initially dropped a bit during the trading session on Tuesday but found buyers underneath the turn things around and show signs of life again.

The West Texas Intermediate Crude Oil market has tried to break higher during the trading session on Tuesday but gave back quite a bit of the gains.

South Africa is in the process of gradually returning to a modified social and economic life.

GBP/USD: Pound one of the weakest risk currencies

EUR/USD: Euro one of the main gainers from USD weakness

Optimism over the proposed Franc-German one-off €500 billion fund, to assist economic recovery across the European Union in the aftermath of the Covid-19 pandemic,

Australia seeks greater economic sovereignty as part of its Covid-19 recovery strategy.

For the fifth consecutive day, the USD/JPY is moving in a limited range, which technically foreshadows a strong move in one of the two directions, with a greater willingness to fall.

With the highest gains since 2012, the price of gold began to move this week to the $1765 resistance.

The risk appetite increased after Jerome Powell's optimistic statements, which contributed to cautious gains for the GBP/USD pair.

In the beginning of this week’s trading, the EUR/USD pair gained momentum to achieve gains after a longer period of losses.

The Euro has rallied quite significantly during the trading session on Monday to break through the 50 day EMA, showing signs of strength again.

The US dollar has gone back and forth during the trading session on Monday to kick off the week, as we continue to see a lot of choppy in high-frequency trading