Forex Daily Forecast, Analysis and Prediction

The Australian dollar has been all over the place during the trading session on Monday, breaking down towards the 0.63 level, an area that was the bottom of the financial crisis for the Aussie dollar.

Australian economic data showed a further contraction in consumer as well as business confidence.

After the US Federal Reserve executed a panic-inspired 50 basis points interest rate cut, markets are pricing an additional 75 basis point cut

AUD/USD: Increasingly likely that the price has put in a long-term bottom

USD/JPY: New 3-year low price

BTC/USD: Risk-off sentiment hammering Bitcoin

GBP/USD: Pound not in market’s focus

EUR/USD: USD generally very weak

The S&P 500 broke down on Friday to test the 2900 level.

The Euro has rallied again during the trading session on Friday, as we continue to see the juggernaut of this market in full effect.

The US dollar has broken during the trading session on Friday, reaching down towards the ¥105 level.

The spread of the fatal Corona virus - Covid 19 - in the United States.

Last Friday's trading session saw the most fluctuating performance of gold in the recent period.

After four consecutive trading sessions, in which the GBP/USD pair witnessed a bullish correction crowned by the move towards the 1.3051 resistance.

The Australian dollar has gone back and forth during the trading session on Friday, showing signs of extreme volatility.