Forex Daily Forecast, Analysis and Prediction

The USD/PKR is still hovering near values of 166.5500 in early trading this morning.

India, presently the third-most infected country with Covid-19, is on course to join the US and Brazil with over 1,000,000 confirmed cases.

Singapore entered a technical recession as it reported a second-quarter GDP plunge of 41.2% quarter-over-quarter.

GBP/USD: Pound catching up with the Euro

EUR/USD: New long-term highs above 1.1400

The British pound broke down significantly during the trading session on Tuesday but found enough support at the 50 day EMA to turn things around to form a hammer.

The Australian dollar initially fell during the trading session on Tuesday but then turned around again.

The NASDAQ 100 fell initially on Tuesday, as one would think due to the fact that it had been so ugly on Monday.

The US dollar initially rallied during the trading session on Tuesday but gave up some of the gains against the Japanese yen as we continue to see the 107.50 level cause a reaction in this market.

The S&P 500 has pulled back initially during the trading session on Tuesday but found plenty of buyers to shoot this thing straight back up in the air again.

The Euro rallied during the trading session, challenging the 1.14 level yet again.

Gold markets had broken significantly lower during the trading session on Tuesday, but we started to see buyers underneath the $1800 level again, which has caught a lot of attention.

The West Texas Intermediate Crude Oil market initially gapped a bit lower, and then drove down during the Globex session.

The silver markets did gap a bit lower during the open on Tuesday which was a negative sign, and then fell to reach down towards the $19.25 level, for turning around and showing signs of life again.

Bitcoin markets have gone back and forth during the last couple of days, reaching down towards the 50 day EMA yet again.