Forex Daily Forecast, Analysis and Prediction

Core inflation in Singapore turned negative for the first time since 2010, and the Money Authority of Singapore (MAS) announced it is closely following the impact of Covid-19

With the global liquidity rush pressuring the US Dollar higher across the board, it created a distorted image in the Forex market.

GBP/USD: New 35-year low price last week

EUR/USD: Bottom at 1.0639

Silver markets initially gapped to kick off the trading session to the upside on Monday, but then turned around to fill that gap.

The Bitcoin market has been a little bit buoyant during the trading session on Monday, showing just how confused a lot of market participants are.

The gold markets initially gapped higher to kick off the week, but then turned around to fill that gap.

New Zealand prepares for a nationwide lockdown to combat Covid-19.

While the Australian government rushed through to economic stimulus packages worth A$83.6 billion, it will now enter a five-month recess.

The West Texas Intermediate Crude Oil market initially fell during the trading session on Monday to kick off the week, as we continue to see a serious lack of demand

AUD/USD: Zone near 0.5950 will be key

USD/JPY: Dollar stronger safe haven than Yen

Bitcoin initially surged during the opening hours on Friday, but as I had been talking about previously, the first major resistance barrier was going to be at the $7000 level.

The US dollar initially fell during the trading session on Friday but found enough support underneath the turn things around and show signs of life.

The NASDAQ 100 shot higher during the trading session on Friday but gave back the gains as the market get closer to the 7600 level.