Forex Daily Forecast, Analysis and Prediction

Gold markets have gone back and forth during the trading session on Thursday, as we continue to see a lot of confusion about what to do next.

Due to the financial meltdown in response to Covid-19, a liquidity crunch forced inflows into the US Dollar, providing a short-term boost to price action.

After the Bank of England announced its second unscheduled emergency interest rate cut in March,

New Zealand and Singapore announced initial economic stimulus measures, the latter leading the fight against Covid-19 related disruptions.

AUD/USD: Has AUD hit its bottom?

The German index has plunged again during trading on Wednesday as global equities continue to shed massive amounts of gains.

Silver markets fell a bit during the trading session on Wednesday as we continue to worry about the overall demand of industry when it comes to silver,

The gold markets went back and forth during the trading session on Wednesday, as we continue to bounce around the 200 day EMA.

USD/JPY: Both currencies relatively strong

There is no doubt that the strong investors’ demand for the USD, due to the highest liquidity globally, contributed to USD gains against most other major currencies.

BTC/USD: Early signs of stability

GBP/USD: New 35-year low price

Some optimism has returned to the financial markets after the recent actions by the United States of America to face the consequences of the Coruna epidemic and its threat to global economic growth.

Wednesday's trading session was the bloodiest for the British pound in the face of the strong USD and the strong demand from investors to buy it.

It’s very likely that the market will continue to find plenty of reasons to sell as we continue to weigh the oversupply of crude oil against the lack of demand.