Forex Daily Forecast, Analysis and Prediction

USD/JPY: Both currencies relatively strong

The British pound initially tried to rally during the trading session on Monday, reaching as high as 1.24 before rolling over and showing signs of exhaustion.

The NASDAQ 100 has gotten crushed again during the trading session on Monday, as the market sliced through the 7000 level to close just above it.

The Australian dollar initially gapped lower but then shot straight through the air as people traded the surprise announcement that the Federal Reserve was cutting interest rates

Silver markets got absolutely hammered during the trading session on Monday, losing 15% at one point.

Looking at the price action on Monday, I believe that Bitcoin is still going to see a lot of violent swings back and forth,

The Federal Reserve is cutting interest rates to zero

The FTSE 100 broke down rather significantly during the trading session on Monday to open up the week, as one would expect.

The gold market had rallied initially during the open on Monday, as the Federal Reserve surprised the world by cutting interest rates by 100 basis points.

BTC/USD: New higher support at $4,912

GBP/USD: U.K. coronavirus strategy reversal in focus

EUR/USD: Bearish consolidation

nstitutional selling across the cryptocurrency sector is anticipated to continue as portfolio managers are forced to raise capital to meet margin calls.

After the Bank of Japan held its emergency meeting yesterday, in response to the US Federal Reserve’s second panic response to Covid-19 this month on Sunday,

More governments realize that Covid-19 has placed the global economy on track to a recession.