Forex Daily Forecast, Analysis and Prediction

USD/JPY: Consolidating Between 108.62 and 109.19

Bitcoin: Still Bullish

South Africa faced severe economic challenges before the global Covid-19 pandemic and is now exposed to three distinct disruptions.

An extension to the Brexit transition period is now considered, due to the global Covid-19 pandemic.

Japan’s ¥108 trillion or 20% of GDP economic stimulus in response to the global Covid-19 pandemic represents the most massive one announced globally.

Australia and New Zealand are allied with a close relationship on most topics.

Support at 1.2252 looks strong

Consolidating Above 1.0832

The US dollar has gone back and forth during the trading session on Wednesday, as the market simply has no direction against the Japanese yen

The Euro has fallen a bit during the trading session on Tuesday but turned around to bounce and regain about half of the losses.

The British pound has pulled back slightly during the trading session on Wednesday to look for buyers underneath.

The S&P 500 rallied significantly during the trading session on Wednesday, testing the top of the shooting star from the previous session.

The NASDAQ 100 has rallied significantly during the trading session on Wednesday

The Australian dollar has initially pulled back a bit during the trading session on Tuesday but then shot straight up in the air for the third day in a row

Silver markets did very little during the trading session on Wednesday, as silver may have gotten a little bit ahead of itself.