Forex Daily Forecast, Analysis and Prediction

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for Tuesday, March 8, 2020 here.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 8, 2020 here.

Get the weekly Forex forecast for major currency pairs for the week of March 9, 2020 here.

After the US Federal Reserve implemented a panic interest rate cut of 50 basis points, the first monetary adjustment

Following a new 2020 high in the USD/ZAR, the 50 basis point interest rate cut by the US Federal Reserve ended the advance.

The US dollar broke down significantly heading into the jobs number as the Japanese yen safety currency came into play.

The Euro has rallied significantly during the trading session on Thursday, showing signs of even more strength

Looking at the British pound, you can see that we are plainly rallied significantly during the trading session on Thursday.

The NASDAQ 100 continues to see a lot of noise as there are concerns about what the rate cuts mean out of the Federal Reserve.

The S&P 500 is going to be a complete mess during the day on Friday if the last couple of sessions have been any indication.

The Australian dollar has fallen during a large portion of the session, but as you can see, we turn right back around to show signs of life again.

The natural gas markets initially tried to rally during the trading session on Thursday, but then has broken down yet again.

The German index has fallen again during the trading session on Thursday, as the market has been very noisy to say the least.

The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but gave back the gains to show signs of extreme exhaustion.

Gold markets look extraordinarily bullish heading into the jobs figure on Friday, breaking above the $1650 level without much hesitation.