Forex Daily Forecast, Analysis and Prediction

The USD/ZAR is providing a consolidated trading range and is testing support and resistance levels with a rather consistent demeanor which may give the advantage to speculators.

BTC/USD: Heading towards $10k area

GBP/USD: May be a good short trade opportunity later

EUR/USD: Pivotal area around 1.1750

The Euro rallied during the trading session on Wednesday on more hope of a stimulus package coming out the United States.

The US dollar rallied against the Japanese yen during the trading session on Wednesday to break above the 50 day EMA.

The markets in general have been relatively quiet during the trading session on Wednesday and Bitcoin of course was no different.

The British pound rallied a bit during the trading session on Wednesday but continues to struggle gaining traction for a bigger move

The Australian dollar rallied a bit during the trading session on Wednesday, as we continue to trade in the same range that is just above a major support level.

The NASDAQ 100 has gone back and forth over the last couple of weeks and the trading session on Wednesday was no different.

The S&P 500 continues to go back and forth, showing signs of strength but at this point we are simply waiting for the next governmental handout in order for Wall Street to go forward.

The West Texas Intermediate Crude Oil market has gone back and forth after initially gapping lower during the trading session on Wednesday.

Silver markets initially gapped lower to kick off the trading session on Wednesday again, and then shot straight up in the air to reach the $24 level.

Gold markets gapped lower to kick off the trading session on Wednesday, reaching down towards the $1880 level before bouncing again.

Mexico will exceed 800,000 Covid-19 infections today with the death toll on track to surpass 83,000, ranking it fourth globally in that category.