Forex Daily Forecast, Analysis and Prediction

While the cryptocurrency market remains under stress due to the outflow of institutional capital, the LTC/USD presents patient traders with an excellent opportunity.

The NASDAQ 100 has had a wild ride during the trading session on Wednesday, breaking below the 7000 level before turning around and forming a hammer.

Price action in the AUD/NZD stabilized inside of its support zone after the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to an all-time low of 0.25%.

After the EUR/JPY moved into its short-term resistance zone, the price action struggled to push higher.

The Euro had a wild trading session during the day on Wednesday, as we initially tried to rally towards the 1.1050 level before rolling over and slamming into the 1.08 level.

Canada announced an C$82 billion economic aid package, or 3% of GDP, in response to Covid-19.

The British pound has collapsed during the trading session on Wednesday.

The Australian dollar has broken down significantly during trading on Wednesday, slicing through the 0.60 level in what can only be described as a major meltdown.

USD/JPY: Both currencies relatively strong

AUD/USD: New 17-year low prices

Investors returned to buy US dollars in light of the successive stimulus plans by the US Federal Reserve and the US government.

BTC/USD: New higher support at $4,912

The Euro fell initially during the trading session on Tuesday, slicing through the 1.10 level rather handily.

Some optimism has returned to the financial markets after the recent actions by the United States of America to face the consequences of the Coruna epidemic and its threat to global economic growth.

For 6 consecutive trading sessions, the GBP/USD pair has been in a free fall pushing it towards the 1.2000 psychological support during yesterday's trading.