Forex Daily Forecast, Analysis and Prediction

USD/JPY: Both central banks taking easing measures

Despite the US Federal Reserve action last night, slashing interest rates to 0.00% and boosting quantitative easing, the USD/MXN was pressured higher.

Strong interest from investors to buy the US dollar after the recent and successive measures by the US Federal Reserve, and the US government.

BTC/USD: No real lower limit below $4,116

The strength of the US dollar after recent decisions by the US Federal Reserve and the government under Trump's administration increased sales of gold bars.

At about 900 points, the price of the GBP/USD pair collapsed at the end of last week’s trading.

GBP/USD: U.K. coronavirus strategy in focus

Throughout last week's trading, the EUR/USD pair was under downward pressure and failed in last two trading sessions in breaching the 1.1055 support.

The US dollar has skyrocketed against the Japanese yen during a frantic session on Friday, reaching towards the 200 day EMA in the blink of an eye.

EUR/USD: Bullish consolidation

The S&P 500 has rallied a bit during the trading session on Friday.

The NASDAQ 100 has rallied slightly during the trading session on Friday, in what would normally be considered pretty impressive.

The Euro got crushed during trading on Friday as Germany has announced that it was willing to break its budget.

The British pound initially tried to rally during the trading session on Friday but found enough exhaustion above the turn around and slice through the crucial 1.25 handle.

The Australian dollar has completely collapsed during trading on Friday, after initially trying to recover some of the losses.