Forex Daily Forecast, Analysis and Prediction

Start the week of January 11, 2021 with our Forex forecast focusing on major currency pairs here.

The Euro had initially tried to rally during the trading session on Thursday but has given back the gains as the 1.23 level offers resistance yet again.

The S&P 500 has rallied a bit during the trading session on Thursday to reach towards the 3800 level.

The US dollar has rallied against the South African Rand over the last three days, ripping apart short-sellers, and catching quite a few traders by surprise.

The British pound has gone back and forth during the trading session on Thursday, as we continue to hang around the 1.36 region.

The NASDAQ 100 has had a good session on Thursday, as we continue to see bullish pressure.

The German index had a strong showing on Thursday as we have broken above the previous highs

The Bitcoin market has rallied again during the trading session on Thursday, reaching the milestone of hitting $40,000.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Thursday, as we start to head towards the jobs figure.

The Australian dollar has pulled back just a bit during the trading session on Thursday, as we await the jobs number.

The gold markets have done very little during the trading session on Thursday as we await the jobs number for Friday.

More expensive commodities may be coming in 2021 - here's what we're expecting:

Argentina battles the COVID-19 pandemic, being the twelfth-most infected country globally on top of its debt crisis.

With more than 21,800,000 total infections and 200,000 new ones every day, the US remains by far the most infected country.

Germany extended its COVID-19 lockdown as it struggles to contain the fast-spreading virus.