Forex Daily Forecast, Analysis and Prediction

The Australian dollar fell a bit during the trading session on Thursday, reaching down towards the crucial 0.70 level.

Gold markets have initially fallen during the trading session but turned around quite nicely later in the day on Thursday as the US dollar got sold off in late New York trading

Mexico continues to report over 4,500 new Covid-19 infections daily, posing an ongoing health risk to Latin America’s second-biggest economy behind Brazil.

South Africa dropped to the tenth-most infected spot globally after Argentina surpassed it.

The bleeding of losses in the EUR/USD continues, and it collapsed at the beginning of Thursday's trading to the 1.1641 support, its lowest level in more than two months.

Pound's losses continue and may extend for a longer period, as instead of an improvement, the pressure increases.

For four trading sessions in a row, the price of the USD/JPY continues to correct upwards

The strength of the US dollar contributed to the collapse of the gold price to $1849 at the beginning of the today’s trading session, to its lowest level in two months

AUD/USD: Hitting cluster of support above big round number at 0.7000

USD/JPY: Very strong U.S. Dollar

BTC/USD: Bears beware buying from $10k area

GBP/USD: Pound gains against Euro

The Brazilian Real has turned sour this week and the USD/BRL is testing critical resistance levels which speculators should watch carefully.

EUR/USD: Strong support likely at 1.14 / 1.15

The Mexican Peso had been enjoying a strong bearish trend until the 17th of September.