Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 20, 2020 here.

Get the weekly Forex forecast for major currency pairs for the week of April 20, 2020 here.

Equity markets around the world adapted a risk-on mood, sparked by a report indicating positive results of one Phase 3 remdesivir trial,

After a massive recovery across the cryptocurrency sector, off of the March lows, short-term fundamental pressure on Litecoin is rising.

Optimism on the prospects of Gilead Sciences’ remdesivir swelled after promising results of one Phase 3 trial were leaked,

Despite the misplaced optimism, the economy is more diverse than that of New Zealand, resulting in a mild bullish bias for the GBP/NZD.

The US dollar initially pulled back a bit during the trading session on Thursday, but then shot much higher as the volatility continues.

The Euro broke down a bit during the trading session on Thursday, reaching towards the 1.08 level.

The British pound has broken down significantly during the trading session on Thursday only to find buyers below the 1.24 handle.

The S&P 500 has gone back and forth during the trading session on Thursday, as we have chopped around just below the 50 day EMA.

The NASDAQ 100 has gone back and forth during the trading session and volatile trading on Thursday yet again as we are at the peak.

The Australian dollar has pulled back a bit during the trading session on Thursday but have recovered quite nicely to turn things around and form a bit of a hammer.

The US dollar to pull back just a bit against the Russian ruble during trading on Thursday, as oil markets got a bit of a reprieve.

Gold markets initially tried to rally during the trading session on Thursday but gave back the gains to form a rather ugly candlestick

Silver markets did very little during the trading session here on Thursday, as the market continues to dance around the 50 day EMA.