Forex Daily Forecast, Analysis and Prediction

GBP/USD: Supportive trend line broken

The West Texas Intermediate Crude Oil market fell rather hard after initially trying to climb on Monday.

Bitcoin went back and forth during the trading session on Monday, as we continue to see a lot of noise when it comes to financial markets in general.

EUR/USD: Trendless conditions

Natural gas markets have been a complete disaster this winter, and with temperatures in the United States still very mild it’s difficult to imagine a scenario where suddenly the market will spike

With traders already discounting the negative impact of the spreading coronavirus, the Japanese Yen is losing support.

Gold markets fell hard from the $1600 level during trading on Monday, as it looks likely to continue to find buyers on dips.

After the Reserve Bank of Australia kept interest rates unchanged at 0.75%, as was expected by markets, the Australian Dollar stabilized.

The persistence of fears regarding the spread of the Corona virus.

Since the outbreak of Corona virus and safe havens are the biggest winners.

Last Friday’s session, on the 31 January 2020, was the official date for Brexit.

For the second consecutive dayو the price of the EUR/USD pair is trying to maintain its recent gains.

The Euro has rallied significantly during the day on Friday, reaching towards the 1.11 handle.

The US dollar has broken down significantly during the trading session on Friday as stock markets got hit on the way out the door.

The British pound went much higher during the trading session on Friday in reaction to the Thursday session when the Bank of England decided not to cut rates.