Forex Daily Forecast, Analysis and Prediction

Get the weekly Forex forecast for major currency pairs for the week of March 16, 2020 here.

The Euro has been all over the place during trading on Thursday as we continue to see massive amounts of swings and volatility.

The S&P 500 is breaking down again, as the Tuesday session was brutal.

The NASDAQ 100 has broken down rather significantly during the trading session on Thursday, as we continue to see a lot of panic when it comes to the coronavirus situation.

The US dollar has gone back and forth during the trading session on Thursday, as the market simply do not know what to do.

The Australian dollar broke down significantly during the trading session on Thursday, breaking the back of the massive hammer that had formed earlier this week.

The British pound broke down significantly during the trading session on Thursday, breaking below the 200 day EMA without much trouble.

Silver markets broke down after initially trying to rally on Thursday as the market has been all over the place.

The West Texas Intermediate Crude Oil market fell again during the trading session on Thursday, reaching down towards the $30 level.

Gold markets initially tried to rally on Thursday, reaching towards the $1550 level, before bouncing slightly at the end of the session.

Bitcoin markets got absolutely slaughtered during the trading session on Thursday, basically falling as soon as the day started.

Since the Crypto Winter of 2018, a significant inflow of institutional capital inflamed a strong rally.

Liquidity started to become an issue across the global financial system, and the US Dollar rallied despite the US Federal Reserve’s panic-cut of 50 basis points.

South Africa has limited options to stimulate its troubled economy through Covid-19 and the collapse in oil prices.

Singapore emerged as one of the leading countries to combat the Covid-19 pandemic.