Forex Daily Forecast, Analysis and Prediction

The S&P 500 has initially tried to rally during the trading session on Tuesday but gave back the gains to form a shooting star.

The NASDAQ 100 has rallied during the trading session again during the day on Tuesday but has not quite filled the gap yet.

The Australian dollar continues to ignore the US/China trade war which is almost certainly heating up at this point.

India, home to the world’s fifth-largest economy and Asia’s number three, attempts to use the Covid-19 crisis as an opportunity to charter a new course based on self-reliance.

AUD/USD: Yet key resistance level at 0.6579

USD/JPY: 107.50 area looks pivotal today

BTC/USD: Yet strong resistance near $10,000

Silver markets have exploded to the upside over the last couple of days, and the Tuesday session was not any different.

The Brazilian Real has been selling off quite drastically against the greenback since February 1 the coronavirus infection really started to take hold.

The gold markets initially dropped a bit during the trading session on Tuesday but found buyers underneath the turn things around and show signs of life again.

The West Texas Intermediate Crude Oil market has tried to break higher during the trading session on Tuesday but gave back quite a bit of the gains.

South Africa is in the process of gradually returning to a modified social and economic life.

GBP/USD: Pound one of the weakest risk currencies

EUR/USD: Euro one of the main gainers from USD weakness

Optimism over the proposed Franc-German one-off €500 billion fund, to assist economic recovery across the European Union in the aftermath of the Covid-19 pandemic,