Forex Daily Forecast, Analysis and Prediction

The GBP/USD currency pair failed again to correct upwards, as the pair tumbled in the beginning of this week's trading to the 1.2282 support

The return of the US dollar strength after the markets absorbed the jobs report results for the month of April, which carried a lot of alarming numbers

South African companies started to implement wage cuts to preserve dwindling cash piles due to the nationwide lockdown in response to the Covid-19 outbreak.

AUD/USD: Medium-term strength in the AUD

The US dollar rallied rather significantly during the trading session on Monday, slamming into the 50 day EMA.

The British pound initially tried to rally during the trading session on Monday, but then broke down towards the 1.23 level yet again.

The Euro initially tried to rally during the trading session on Monday but gave back quite a bit of the gains as we broke above the 1.08 level.

The NASDAQ 100 continues its extreme battle with gravity, but you should keep in mind that this is essentially an ETF of Wall Street’s favorite stocks.

The Australian dollar continues to go back and forth around the 0.65 level, which is an area that should attract a lot of attention.

The S&P 500 went back and forth during the trading session on Monday, as the market has gotten far ahead of itself

BTC/USD: Support holding

GBP/USD: Moving in big swings

USD/JPY: Support at 107.34 looks pivotal

EUR/USD: Former support at 1.0814 has been invalidated

Silver markets have gone back and forth during the trading session on Monday, testing the $16.00 level, an area that of course is a major barrier.