Forex Daily Forecast, Analysis and Prediction

BTC/USD: Consolidation above $10,696 likely over medium term

GBP/USD:Yet 1.3000 could be a strong obstacle

EUR/USD:Key support at 1.1685

The Euro has rallied quite significantly during the trading session on Wednesday, reaching towards the 1.18 level.

The NASDAQ Composite Index has experienced a short bearish trend the past week of trading after hitting new highs.

While the precious metal is certainly alluring and full of opportunity, trading Gold can also lead to quick losses if risk management is not used properly.

The EUR/USD has continued to display a solid bullish trend. Yesterday’s price action broke important resistance levels and the 1.18000 juncture was touched for the first time since September 2018.

Speculators who anticipated the consolidated range of the USD/SGD to remain unchallenged

South Africa, Africa’s most infected Covid-19 country, received $4.3 billion in emergency financial assistance under the Rapid Financing Instrument of the US-based International Monetary Fund (IMF)

The West Texas Intermediate Crude Oil market continues to go back and forth, doing nothing at all, as we are sitting around the $41 level.

The NASDAQ 100 has shown itself to be resilient over the longer term, and as we pulled back a bit during the trading session on Wednesday.

The S&P 500 has initially pulled back against the backdrop of a FOMC meeting coming out on Wednesday.

India continues to report nearly 50,000 new Covid-19 infections daily and remains the most-infected country in Asia.

The British pound has rallied significantly during the trading session on Wednesday as we reached towards the $1.30 level before pulling back ever so slightly.

The Japanese yen has gained slightly during the trading session on Wednesday after the Federal Reserve reiterated its determination to liquefy the markets.