Forex Daily Forecast, Analysis and Prediction

EUR/USD: USD generally very weak

The S&P 500 broke down on Friday to test the 2900 level.

The Euro has rallied again during the trading session on Friday, as we continue to see the juggernaut of this market in full effect.

The US dollar has broken during the trading session on Friday, reaching down towards the ¥105 level.

The spread of the fatal Corona virus - Covid 19 - in the United States.

Last Friday's trading session saw the most fluctuating performance of gold in the recent period.

After four consecutive trading sessions, in which the GBP/USD pair witnessed a bullish correction crowned by the move towards the 1.3051 resistance.

The Australian dollar has gone back and forth during the trading session on Friday, showing signs of extreme volatility.

After announcing the rate cut and more stimulus from the central banks in the United States of America, Canada and Australia, the attention of investors this week is turning to the European Central Bank’s decision.

The NASDAQ 100 broke down a bit during the trading session on Friday, reaching down towards the 200 day EMA before bouncing slightly.

The British pound has rallied a bit during the trading session on Friday, as we have broken above the 50 day EMA.

The West Texas Intermediate Crude Oil market continues to fall apart, as the Russians now have suggested that they are not going to cut output.

With the OPEC+ deal collapse adding to global economic issues on top of Covid-19, trade negotiations between the EU and the UK have taken a secondary role.

The silver market broke down during most of the trading session on Friday, as markets received the jobs numbers out of the United States.

Volatility in the NZD/CAD spiked after OPEC+ determined to end their agreement to limit supply and stabilize prices.