Forex Daily Forecast, Analysis and Prediction

The pair rebounded to the threshold of the 1.3000 support after its gains last week, which were topped in the testing of the 1.3170 resistance, it’s highest since the beginning of last March’s trading.

With the beginning of this week’s trading, the American currency tried to recover some of its sharp recent losses.

The USD/MXN busted through resistance levels again on Monday, but as of this morning the trading range has developed a narrow band and some slight selling has emerged.

The short term has likely proven destructive for many speculators within the South African Rand.

If you enjoy speculating on unique forex pairs and trying to gauge political intrigues, the USD/PKR may be your best choice.

The Singapore Dollar is a solid barometer of speculative sentiment in the global forex markets.

BTC/USD: Waiting for a bearish correction

USD/JPY: The strength of the decline remains

AUD/USD: Gains will continue to be threatened

GBP/USD: 1.3000 psychological resistance awaits Brexit developments

EUR/USD: Buying starting at the 1.1670 support

A Japanese panel of economists and experts for the Cabinet Office concluded the economy failed to reach a 73-month post-war record expansion, as suggested by Prime Minister Shinzo Abe.

After the Banco Central do Brasil issued a mid-June 2020 GDP forecast calling for a contraction of 6.50%, five consecutive weeks saw upgrades that improved the outlook to a decrease of 5.66%.

The Euro fell after initially trying to rally during the trading session on Monday which kicked off the week.

The US dollar rallied significantly during the trading session on Monday but continues to see selling pressure just above as the market hit a bit of a “brick wall” at the ¥106.50 level.