Forex Daily Forecast, Analysis and Prediction

The Australian dollar has initially fallen during the trading session on Wednesday, but then found buyers underneath the turn the whole thing around.

The USD/ARS continues to be a forex pair with a seemingly one-way direction.

BTC/USD: Weakly bearish

GBP/USD: British Pound relatively weak

The Brazilian Real remains within an opportunistic trading range for nimble traders who have the ability for solid entry points and are capable of using take profits and stop losses.

Germany implemented a nationwide lockdown in response to the Covid-19 pandemic in March.

The month of June has seen the USD/MYR trade within a solid range between 1.2500 and 1.2800 and this consolidated value is an attractive trading opportunity for those who can manage their risk properly.

EUR/USD: False breakdown yesterday

The Pakistani Rupee continues to test important resistance and interestingly has developed a consolidated range this week.

With the global economy in a recession, which started in 2019 with a manufacturing-led contraction, magnified by the Covid-19 pandemic in 2020, Singapore remained the most competitive economy for a second consecutive year.

Mexican President López Obrador is under intensifying criticism for his government’s strategy in response to the Covid-19 pandemic.

Housing starts and building permits data out of the US disappointed yesterday, recovering less than economists predicted.

Silver markets have initially fallen a bit during the trading session on Wednesday but found buyers underneath near the $17.50 level.

The US dollar has pulled back a bit against the Indian rupee during the Wednesday session, but quite frankly on Tuesday, we had broken out just enough to get through some minor resistance.

The West Texas Intermediate Crude Oil market gapped lower to kick off the trading session on Wednesday but then pulled back even further.