Forex Daily Forecast, Analysis and Prediction

The persistence of fears regarding the spread of the Corona virus.

Since the outbreak of Corona virus and safe havens are the biggest winners.

Last Friday’s session, on the 31 January 2020, was the official date for Brexit.

For the second consecutive dayو the price of the EUR/USD pair is trying to maintain its recent gains.

The Euro has rallied significantly during the day on Friday, reaching towards the 1.11 handle.

The US dollar has broken down significantly during the trading session on Friday as stock markets got hit on the way out the door.

The British pound went much higher during the trading session on Friday in reaction to the Thursday session when the Bank of England decided not to cut rates.

The NASDAQ 100 had a horrible session on Friday, wiping out the recovery from Thursday

The S&P 500 has broken down significantly during the trading session on Friday, showing the 3300 level as massive resistance due to the fact that we had a massive gap lower

The Australian dollar has broken down significantly during the trading session on Friday, slicing through the 0.67 handle.

With the coronavirus expanding, the economic damages have not started to simmer through.

AUD/USD: Very pivotal point at 0.6677

USD/JPY: Risk-off shocks boosting Yen

BTC/USD: Remains bullish above support at $9,141

Cotton markets have broken down significantly during the trading session on Friday, slicing through the uptrend line that had been so bullish and so reliable since early September.