Forex Daily Forecast, Analysis and Prediction

Despite the recent strength of the US dollar, the EUR/USD, is trying to consolidate near the 1.1800 resistance to confirm the continuation of the bullish momentum.

At the beginning of yesterday's trading, gold prices continued the downtrend correction.

The pound is making strong efforts to avoid moving below the $1.30 support so that recent hopes of a real reversal of the GBP/USD does not evaporate during yesterday's session.

For the fifth day in a row, the USD/JPY pair is trying to correct upward, but gains did not exceed the 107.01 resistance before settling around 106.85 at the time of writing.

Choppy trading has been a hallmark of the USD/MXN the past month of trading as speculators have had to deal with consistent tests of support and resistance levels.

Technical traders who were able to shut out the noise and only focus on the USD/ZAR charts may have found profitable trading opportunities the past couple of days.

The USD/MYR has produced a satisfying bearish trend for patient speculators.

The USD/INR continues to trade within a fairly tight range, but it has not been without drama as the important threshold of 74.9000 was tested and broken slightly higher yesterday.

Singapore recorded its worst quarterly GDP contraction in the second quarter, down 13.2%, amid the fallout of the global Covid-19 pandemic.

While the global Covid-19 pandemic dominates the headlines, rating agencies diverge on the outlook for Pakistan.

Bitcoin/USD: Will it reach $10500?

USD/JPY: Trend reversal starts.

AUD/USD: Australian employment numbers.

GBP/USD: A correction awaits momentum.

EUR/USD: The chance for the 1.1900.