Forex Daily Forecast, Analysis and Prediction

Speculators who believe the USD/NOK will continue to test seemingly vulnerable support levels cannot be faulted for selling the US Dollar against the Norwegian Krone.

USD/JPY: Flat as both currencies act as safe havens

As global risk appetite continues to remain steady and equity indices maintain an optimistic sentiment, the USD/INR has lingered near important support levels.

BTC/USD: Bulls finally overcoming key resistance hurdles below $10,000

The peaceful waters of the USD/PKR should be enjoyed while its rather short term consolidated range perhaps calms speculators.

GBP/USD: Looking to breakout beyond 1.2750

Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), the country’s central bank, cautioned that the economy remains in a dire state due to the Covid-19 pandemic.

Mexico is on course to overtake Peru as the sixth-most infect Covid-19 country this week.

The Euro has rallied significantly during the trading session on Wednesday, reaching towards the 1.16 level where we had seen a bit of resistance.

The NASDAQ 100 went back and forth during the trading session on Wednesday, as we continue to look very likely to find buyers on dips.

The US dollar has rallied significantly during the trading session on Wednesday, reaching towards the ¥107.50 level.

The S&P 500 initially pulled back a bit during the trading session on Wednesday but found buyers underneath to turn things around and show signs of strength again.

The British pound initially pulled back a bit during the trading session on Wednesday but found enough support near the 1.2650 level to show just how strong things are getting in the British pound.

EUR/USD: Higher prices very likely

Gold markets have rallied during the trading session on Wednesday as we have broken above the $1850 level.