Forex Daily Forecast, Analysis and Prediction

New higher support level at 0.6446

USD is weakening almost everywhere

According to the latest economic assessment by the EY ITEM Club, a UK-based economic forecasting club established in 1977 to provide independent research, the negative impact of the global Covid-19 pandemic will last three years.

Yet key resistance overhead beginning at $8,000

GBP/USD: New higher support at 1.2400 round number

EUR/USD: Long-term bearish drift

The West Texas Intermediate Crude Oil market did extraordinarily little during the trading session on Friday to in the week, after gaining quite drastically for several sessions.

The S&P 500 initially fell during the trading session on Friday but then bounced as Europeans went home.

Silver markets went back and forth during the trading session on Thursday, as we continue to see a significant amount of volatility just above the $15.25 level.

The NASDAQ 100 has initially fallen during the trading session on Friday, but as everybody left with the exception of the Americans, the market shot higher as the Plunge Protection Team is in full effect heading into the weekend.

Gold markets went back and forth during the trading session on Friday but ultimately settled on a negative candlestick.

The US dollar initially tried to rally during the trading session on Friday but gave back quite a bit of the gains to form a bit of a shooting star.

The US dollar has rallied a bit during the trading session on Friday to close out the week, as we touched the uptrend line and of course the ₹76 level.

The Euro went back and forth during the trading session on Friday, showing a bit of a neutral candlestick.

The British pound went back and forth during the trading session on Monday, as we continue to see a lot of noise in the market.