Forex Daily Forecast, Analysis and Prediction

Gold markets rallied significantly during the trading session on Wednesday, as we have broken above the top of the hammer from the Tuesday session.

The West Texas Intermediate Crude Oil market gapped to the upside at the open on Wednesday, but then pulled back to try to fill that gap which of course it ended up doing so.

Bitcoin will face its third-having event on May 12th. Enthusiasts hoping for a repeat of the previous two, which initiated massive rallies to new all-time highs,

With the global Covid-19 pandemic keeping the economy hostage, the Bank of Japan notes financial risks related to the crisis.

New Zealand’s Prime Minister Ardern announced that the nationwide lockdown contained the Covid-19 outbreak,

As I mentioned before, I now confirm that the USD/JPY pair remains in a fierce struggle between safe havens since the beginning of the Coronavirus crisis.

The strength of the US dollar contributed to the selling of the yellow metal during yesterday's trading.

Approximately 200 points was the sum of the GBP/USD losses during yesterday's trading session.

Selling pressure pushed the EUR/USD towards a stronger lower level at 1.0811.

AUD/USD: Mixed picture

Economists forecast a slower recovery in Canada as compare to the US. The ongoing collapse in oil prices is posing a vital challenge to both economies.

South Africa announced an unprecedented R500 billion economic stimulus in response to the global Covid-19 pandemic.

India’s 2021 fiscal year projection by the International Monetary Fund forecasts a 7.6% GDP expansion

A recent poll revealed that almost 50% of surveyed economists believe the US will enjoy a U-shaped recovery sooner than expected

USD/JPY: Both currencies are strong