Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 had a horrible session on Friday, wiping out the recovery from Thursday

The S&P 500 has broken down significantly during the trading session on Friday, showing the 3300 level as massive resistance due to the fact that we had a massive gap lower

The Australian dollar has broken down significantly during the trading session on Friday, slicing through the 0.67 handle.

With the coronavirus expanding, the economic damages have not started to simmer through.

AUD/USD: Very pivotal point at 0.6677

USD/JPY: Risk-off shocks boosting Yen

BTC/USD: Remains bullish above support at $9,141

Cotton markets have broken down significantly during the trading session on Friday, slicing through the uptrend line that had been so bullish and so reliable since early September.

Natural gas markets have fallen a bit during the trading session on Friday, to reach down towards the $1.80 level.

Bitcoin markets have fallen a bit during the trading session on Friday, pulling back from the $9500 region.

The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Friday, slicing through the $52.50 level again,

Gold markets have gapped lower to kick off the trading session on Friday, filled the gap from the Thursday session, only to turn around and go to the upside.

Brexit was implemented, and while the UK will abide EU rules as well as regulations during the transition period,

With the rise in confirmed cases as well as a growing death toll in the coronavirus, crippling the global supply chain, safe-haven assets like the Japanese Yen are in demand.

Australian economic data showed an acceleration in the manufacturing recession, but an increase in annualized building approvals.