Forex Daily Forecast, Analysis and Prediction

India remains the second-most infected country with COVID-19 globally and the third-highest with active cases and the total death toll.

The USD/PKR may prove enticing to short-term speculators who are looking for a forex pair which may not be affected too much by the outcome of the US elections.

Volatility due to U.S. election toss-up

Volatility due to close call in U.S. Presidential Election

The British pound has rallied during the trading session on Tuesday, as traders started to bet on a quick outcome to the US elections.

The Euro has rallied significantly during the trading session on Tuesday, reaching above the 1.17 level in order to reach towards the 50 day EMA.

The West Texas Intermediate Crude Oil market has rallied during the trading session on Tuesday, as the US dollar was hit.

The S&P 500 has rallied during the trading session on Tuesday, as we await the results of the US election.

The NASDAQ 100 had a relatively strong session during the trading session on Tuesday, as we have bounced from the crucial 11,000 level.

Gold markets initially fell during the trading session on Tuesday, but they got a boost as the US dollar started listing.

Silver markets have gapped higher to kick off the trading session on Tuesday, reaching towards the 50-day EMA before pulling back again.

Bitcoin markets pulled back slightly during the trading session on Tuesday, but turned around to show signs of strength again to reach towards the 13,700 level.

The Australian dollar rallied significantly during the trading session on Tuesday, despite the RBA cutting rates to a historic low.

The US dollar has fluctuated during the trading session on Tuesday, as the markets awaited a reaction to the US elections.

The uncertainty of the winner of the US presidential elections, which will be held today, increases the strength of the US dollar as a safe haven.