Forex Daily Forecast, Analysis and Prediction

The British pound continued to grind to the upside during the trading session on Tuesday as we see a lot of choppiness in general.

For five trading sessions in a row, the EUR/USD pair was moving in an upward correctional range

Gold price received the meetings of international central banks (the Bank of Japan, the Bank of England and the US Federal Reserve), with a gain of 1%

We noticed a temporary and cautious pause in the recent losses of the GBP/USD pair over the course of two trading sessions in a row.

As we expected earlier, the bears have the opportunity to push the USD/JPY to stronger support areas, which happened in the beginning of this week’s trading

The DAX Index continues to essentially follow in the wake of trading results from US equity markets.

AUD/USD: Coming back as risk appetite improves

Argentina is a welfare recipient that cannot get enough help and is never satisfied with its financial arrangements.

USD/JPY: Wide bearish wedge formation

The USD/BRL has consistently challenged support levels in the short term.

The USD/PKR offers speculators an intriguing support level to demonstrate their trading capabilities.

With daily Covid-19 infections across India at alarming levels and total cases are on course to surpass 5,000,000 in the next 24 hours, GDP forecasts for the fiscal year 2021, ending March 2021.

After South Africa reported a 51.0% quarterly and 17.1% annualized GDP collapse in the second quarter, Finance Minister Tito Mboweni confirmed the 2020 full-year contraction would be worse than the present South African Reserve Bank (SARB) forecast for a decrease of 7.3%.

The silver markets have rallied a bit during the trading session on Monday as traders came back to work from the weekend.

The NASDAQ 100 has tried to rally during the trading session on Monday but has given back quite a bit of the gains.