Forex Daily Forecast, Analysis and Prediction

While Mexico is the tenth most infected country with Covid-19, it also carried out the least number of tests as compared to the other nine in the Top 10 list.

GBP/USD: Hard to see much potential upside

EUR/USD: Poor coronavirus situation in Eurozone

Gold markets have rallied during the trading session on Monday, reaching towards the top of the candlestick from the previous session.

The silver market rallied during the trading session on Monday as traders came back to work, but it looks as if the $24 level will continue to cause trouble.

Bitcoin markets have been noisy during the trading session on Monday, due to volatility and noise in currency markets overall.

The Euro initially tried to rally during the trading session on Monday, but then broke down again.

The British pound initially broke down during the open on Monday, as traders caused a gap during the Asian session.

There is no doubt that this week will be an important one and will have a strong impact on the performance of global financial markets, including forex.

Since abandoning the 1.3000 psychological resistance, the bears gained control over the GBP/USD performance which technically tested the 1.2880 support, its lowest level in three weeks

After the recent drop in gold prices, investors are anticipating an upward rebound and awaiting the best opportunity to buy.

The USD/JPY performance has often been seen as representing a conflict between safe havens in the era of the COVID-19 epidemic.

The oil markets fell hard during the trading session on Friday, as we have broken down below the $36.25 level in the West Texas Intermediate Crude Oil market.

The US dollar has fallen during the trading session on Friday, reaching down towards the ¥104 level yet again.

The Australian dollar has rallied during the trading session on Monday, but gave back the gains in order to form a negative candlestick.