Forex Daily Forecast, Analysis and Prediction

The natural gas markets broke down a bit during the trading session again on Friday.

GBP/USD: Pound Remains Weak

The gold markets have broken down significantly during the trading session on Friday, as forced liquidations hit various parts of the markets over the previous week.

The DAX market gapped lower to kick off the trading session on Friday, reaching down below €12,000 in the futures market.

With trade talks between the EU and the UK set to begin under time pressure to display progress by June, the British Pound is well-positioned to continue its advance.

Despite the record-breaking contraction in the Chinese manufacturing and non-manufacturing PMI’s February, resulting from Covid-19

Safe-haven demand continues to support the Japanese Yen, but the advance is exhausted following last week’s rout across the global financial system.

EUR/USD: Euro acting as safe haven

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Singapore has been at the forefront of Covid-19 responses and containment measures.

Volatility has returned to the cryptocurrency market.

The Euro has rallied rather significantly during the trading session on Thursday but reached into the massive 1.10 level which of course is a large, round, psychologically significant figure.

The US dollar has broken down significantly during the trading session on Thursday, slicing through the ¥110 level.