Forex Daily Forecast, Analysis and Prediction

For the second consecutive dayو the price of the EUR/USD pair is trying to maintain its recent gains.

The Euro has rallied significantly during the day on Friday, reaching towards the 1.11 handle.

The US dollar has broken down significantly during the trading session on Friday as stock markets got hit on the way out the door.

The British pound went much higher during the trading session on Friday in reaction to the Thursday session when the Bank of England decided not to cut rates.

The NASDAQ 100 had a horrible session on Friday, wiping out the recovery from Thursday

The S&P 500 has broken down significantly during the trading session on Friday, showing the 3300 level as massive resistance due to the fact that we had a massive gap lower

The Australian dollar has broken down significantly during the trading session on Friday, slicing through the 0.67 handle.

With the coronavirus expanding, the economic damages have not started to simmer through.

AUD/USD: Very pivotal point at 0.6677

USD/JPY: Risk-off shocks boosting Yen

BTC/USD: Remains bullish above support at $9,141

Cotton markets have broken down significantly during the trading session on Friday, slicing through the uptrend line that had been so bullish and so reliable since early September.

Natural gas markets have fallen a bit during the trading session on Friday, to reach down towards the $1.80 level.

Bitcoin markets have fallen a bit during the trading session on Friday, pulling back from the $9500 region.

The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Friday, slicing through the $52.50 level again,