Forex Daily Forecast, Analysis and Prediction

Bitcoin markets fell slightly during the trading session on Friday, reaching down towards the 50 day EMA.

Global risk sentiment remains fragile early today on the broad markets.

Indian Prime Minister Narendra Modi banks on India’s domestic economy to overcome the devastating impact of the Covid-19 pandemic.

Singapore industrial production posted a surprise 7.4% drop in May year-over-year despite an ongoing increase in pharmaceutical output.

Brazilian Treasury Secretary Mansueto Almeida updated the 2020 public sector primary deficit outlook to reflect an increase of up to R$800 billion,

The West Texas Intermediate Crude Oil market fell a bit during the trading session on Friday but remains within the range of the Thursday session.

Gold markets have had a wild ride over the last 24 hours, initially dipping down towards the $1760 level before rallying significantly to form quite a bit of a hammer.

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Growth forecasts for the German economy have been revised lower, following a series of global GDP adjustments to the downside.

The US dollar has rallied a bit during the trading session on Thursday to reach towards the ¥107.50 level.

The British pound has rallied a bit during the trading session on Thursday but found quite a bit of resistance near the 50 day EMA as we ended up pulling back a bit.

The Euro fell a bit during the trading session on Thursday but found quite a bit of support near the 1.12 level yet again,

The US dollar initially pulled back a bit during the trading session on Thursday, reaching down towards the 50 day EMA.