Forex Daily Forecast, Analysis and Prediction

Gold markets pulled back a bit during the trading session on Tuesday but found enough buyers near the $1565 level to turn around and show signs of life.

Despite a series of economic disappointments, the Singapore Dollar managed to recover off of depressed levels.

After the Reserve Bank of New Zealand maintained its interest rate at 1.00%, noting that the economic damage from the coronavirus remains does not justify an adjustment

Turkey’s economy is on a firm path to recovery in 2020, but challenges remain. Consumer confidence is depressed, while foreign direct investment (FDI) may not recover until 2021.

GBP/USD: U.K. Advance GDP data had little impact

EUR/USD: 2.5-year low at 1.0879 under threat

Forex traders are awaiting new measures from the European Central Bank leadership to accelerate the recovery of the weak Eurozone economy

We may witness a strong fluctuation in the performance of the GBP/USD during trading session on Tuesday, as the Pound awaits the announcement

The gold price performance is characterized by upward stability in recent trading sessions, its gains at the beginning of this week’s trading reached $1577 an ounce

The USD is on an important date today, with Federal Reserve Governor Jerome Powell testifying before the special Congressional committee clarifying the economic performance

Ethereum enjoyed a massive rally, following Bitcoin to the upside. Since the beginning of this year, the cryptocurrency market enjoyed a broad bullish bias.

AUD/USD: Pivotal point at 0.6706

USD/JPY: Long-term resistance 110.07/30

BTC/USD: Bearish retracement

Mexico posted its first annualized economic contraction in a decade last year.