Forex Daily Forecast, Analysis and Prediction

Aussie supported by growing risk-on market sentiment.

The EUR/USD currency pair did not celebrate much of the recent optimism about the coronavirus vaccines, and is waiting for the markets to officially approve their handling.

The pound was second in strength over the course of last week's trading amid strong performance from global stock markets, as well as possible indications that Downing Street may be about to make concessions in trade talks on Brexit.

The gold performance was disappointing during last week's trading as the sales increased strongly.

The US dollar quickly rose again against major currencies after market pricing Biden’s victory in the US elections and the announcement of the the COVID-19 vaccines successes, relieving pressure on markets and investors.

The DAX Index has produced a rather consolidated value range the past few days of trading.

Global risk appetite appears to be increasing and the Nikkei 225 Index is enjoying a positive ride higher as it creates better value for investors.

The price range of 20.25000 to 20.56000 remains a ferocious short-term testing ground for the USD/MXN.

Still making new long-term highs.

Overconfidence while trading can be dangerous and produce staggering losses against a trader.

Before the COVID-19 pandemic forced the global economy into a recession, the labor market in South Africa was depressed.

India watched from the sidelines as the world's largest trade deal was signed.

The US dollar broke down against the Japanese yen during the trading session on Friday, breaking down significantly below the ¥105 level.

The Australian dollar rallied during the trading session on Friday, breaking back above the 0.7250 level.

The Bitcoin market has fluctuated during the trading session on Friday, as we have broken above the $16,000 level.