Forex Daily Forecast, Analysis and Prediction

After Japan implemented an unprecedented ¥117.1 trillion stimuli in response to the Covid-19 pandemic, the Abe government is considering additional steps

American job figures in the Coronavirus era completed the bleak picture for the US economy, and increased pressure on the US currency, and therefore it was natural for markets to push the USD/JPY price towards the 105.98 support.

The call to open the world economy did not prevent the price of gold from maintaining its gains near its highest level in more than seven years.

The downward pressure on the GBP/USD pair during last week's trading pushed it towards the 1.2265 support.

Despite the EUR/USD attempt to avoid more downward pressure benefiting from the weak results of the US jobs report in the Corona era, the trend still supports more losses, as the pair fell towards the 1.0766 support, its lowest in two weeks.

India faced its last contraction in 1980 with a 5.2% decrease. Before that, only four other annualized recessions were reported, three of them below the 1.0% mark.

AUD/USD: Will 0.6500 area hold as support?

USD/JPY: Resistance at 107.34 looks pivotal

BTC/USD: Tested 2-week low price

GBP/USD: Moving in wide swings

EUR/USD: Support at 1.0814 looks strong and pivotal

The silver market has rallied a bit during the trading session on Friday before given back some of the gains near the $16.00 level.

The German index had a bullish session during the day on Friday, as did all stock markets that we follow.

The NASDAQ 100 has broken higher during the trading session on Friday, making a new high for the year.

The S&P 500 has rallied quite nicely during the Friday session, despite the fact that the United States printed a job loss of 20.5 million,