Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied a bit during the trading session on Friday, and this put a bit of negativity into the silver markets.

The Euro has fallen hard on Friday but remains within the consolidation area that we have been in for some time.

The gold markets gapped higher to kick off the trading session on Friday, but then pulled back a bit to turn around and form a hammer.

The West Texas Intermediate Crude Oil market has pulled back during the trading session on Friday, reaching down towards the 200 day EMA just below.

The British pound initially tried to rally during the trading out on Friday, but then pulled back to reach towards the 1.31 level again.

Start the week of August 23, 2020 with our Forex forecast focusing on major currency pairs here.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 23, 2020 here.

Start the week of August 23, 2020, with our Forex forecast focusing on major currency pairs here.

Brazil continues to struggle with the Covid-19 pandemic, recording over 40,000 new infections daily, and the Secretariat of Economic Policy, part of the Ministério da Economia,

Eurozone governments are poised to rollback support measures for businesses, implemented as a response to the Covid-19 pandemic.

The NASDAQ 100 initially fell during the trading session on Thursday, but then turned around to show signs of life again.

The S&P 500 initially fell during the trading session on Thursday but as you can see the market has turned around to show signs of life again.

The silver markets gapped lower to kick off the trading session on Thursday as we may have gotten a little bit ahead of ourselves in the short term,

The West Texas Intermediate Crude Oil market has pulled back initially during the trading session on Thursday on a stronger US dollar

Gold markets have gapped lower to kick off the trading session on Thursday, but then turned around to somewhat fill the gap.