Forex Daily Forecast, Analysis and Prediction

The US dollar has broken higher during the trading session on Wednesday, slicing through the ¥105 level.

The NASDAQ 100 has broken down significantly during the trading session on Wednesday, as we continue to see a lot of negativity out there.

The Australian dollar has gotten hammered again during the trading session on Wednesdays slicing through the 0.71 handle.

The S&P 500 has initially tried to rally during the trading session on Wednesday but gave back the gains as we reached towards the 50 day EMA.

The Bitcoin market has fallen a bit during the trading session as we continue to see a lot of negativity.

The DAX Index will face strong headwinds today as it battles negative sentiment which appears to be growing on global and US equity markets.

The British pound has gone back and forth during the trading session on Wednesday, as we continue to dance around the 200 day EMA.

The Euro has initially tried to rally during the trading session on Wednesday, but then broke down from the 50 day EMA to show signs of massive negativity.

Silver markets have gotten absolutely killed during the trading session as the US dollar continues to strengthen.

The West Texas Intermediate Crude Oil market continues to dance around the $40 level, as the market has nowhere to be.

Gold markets have broken through support, reaching towards the $1866 by the time the open outcry session ended.

The USD/MYR has seen a bullish trend emerge this week after hitting important support levels.

South Africa reports the lowest daily new Covid-19 infections among all Top 10 infected countries, hardly a relief for the struggling economy

India is on course to overtake the US as the most-infected Covid-19 country globally, as it reports over 80,000 infections daily,

The sharp and continuous EUR/USD selling since the end of last week’s trading pushed it towards the 1.1691 level, its lowest level in two months, before settling around 1.1705 at the time of writing.