Forex Daily Forecast, Analysis and Prediction

The price of an ounce of gold increased by $60 in the beginning of this week’s trading, and the price of the yellow metal jumped to $1670 an ounce, before settling around the $1660 level in the beginning of today’s trading.

Japan unveiled a record-breaking ¥108 trillion economic stimuli, equivalent of 20% of GDP.

As soon as it was announced that British Prime Minister Boris Johnson will enter intensive care.

The USD/JPY rose by more than 100 points in the beginning of this week’s trading, reaching the 109.37 resistance before the pair stabilized around the 109.20 level at the time of writing.

Despite criticism of the New Zealand government’s reliance on infrastructure projects to grow out of the Covid-19 global pandemic,

Australian job advertisements slumped for March while February exports and imports posted contractions.

AUD/USD: Resistance possible around 0.6200

The US dollar has rallied a bit against the Japanese yen, breaking significantly above the resistance that we had seen over the last couple of days.

The Euro has gone back and forth during the trading session on Monday to kick off the week.

The British pound has gapped lower to kick off the trading week on Monday, but then turned around to rally not only billing the gap but breaking above there.

The US dollar has exploded to the upside against South African Rand as of late, considering that the market had been as low as 15.50

The Australian dollar has rallied significantly during the trading session on Monday, showing signs of support at the 0.60 level.

USD/JPY: Pivotal point at 109.23

BTC/USD: Breakout above key level at $7,228

GBP/USD: More bullish on USD weakness