Forex Daily Forecast, Analysis and Prediction

The Euro broke down significantly during the trading session on Monday to kick off the week.

The British pound, although oversold from what I can tell, is more than likely going to continue suffering at the hands of the greenback.

With the coronavirus claiming more deaths, Reserve Bank of New Zealand Governor Orr hinted that another interest rate cut is on the table to cushion the economic fallout.

The Australian dollar initially tried to recover after gapping lower at the open on Monday, only to sell off yet again.

The West Texas Crude Oil market fell during the trading session on Monday to kick off the week, as we have broken below the $50 level yet again.

Natural gas markets plunged again, as the market started off with a bang to the downside.

Gold markets have rallied again during trading on Monday to kick off the week as fears about the coronavirus and global growth continue to be an issue.

Bitcoin initially shot much higher during trading on Monday.

2020 is well-positioned to allow a market-beating economic recovery in Turkey, allowing its currency to strengthen.

AUD/USD: Pivotal point at 0.6706

The Euro has had a rough couple of days as we had broken below the 1.0950 level.

The Australian dollar has broken down significantly during trading on Friday, as we continue to see a lot of bearish pressure in this pair.

The US dollar fell during a large portion of the trading session on Friday, as the ¥110 level has offered a significant barrier of resistance recently.

The NASDAQ 100 has pulled back a bit during the trading session on Friday as the stock market in general did in the United States after a reasonably decent jobs number.

The British pound broke down again during the trading session on Friday as we continue to see a lot of weakness coming out of everything that is not American.