Forex Daily Forecast, Analysis and Prediction

Singapore posted a disappointing June industrial production reading, resulting in pending downward revisions to the second-quarter GDP estimate.

Sweden, usually a leader in humanitarian efforts and Top 5 countries for quality of life, continues to pay the price for its light approach to the Covid-19 pandemic.

The NASDAQ 100 has pulled back significantly during the trading session on Friday, only to find support again at the bottom of the channel and form a massive hammer.

The Argentine Peso’s erosion of value has been documented and technical charts continue to display profound weakness.

AUD/USD: AUD losing steam

USD/JPY: Price finally moves out of long-term range

The US dollar fell off of a cliff during the trading session on Friday, reaching down below the ¥106 level during the day.

The S&P 500 has fallen a bit during the trading session on Friday, to bring down the market towards the 3200 level.

The British pound has rallied significantly during the trading session on Friday but failed to break out above the high from several weeks ago where we had formed a shooting star.

BTC/USD: Bulls finally overcoming key resistance

The South African Rand is being watched by many forex speculators early today.

GBP/USD: British Pound is relatively weak

Speculators should stop whatever they are doing and take a look at the USD/PKR right now.

Before going into the weekend the USD/INR produced a strong bearish trend and tested important support levels, but upon opening early today, the forex pair has shown risk sentiment in the global markets.

The gold markets rallied during the trading session again on Friday as we continue to see a lot of bullish pressure.