Forex Daily Forecast, Analysis and Prediction

Today and tomorrow are the most important days of this week for the remainder of 2020 trading, with the anticipation of the release of economic data.

Resistance at $23,255 looks pivotal.

As the Dow Jones 30 continues to trade within vicinity of its all-time highs, concerns remain tangible for investors and short-term market conditions appear cautious.

The USD/PKR is near critical resistance levels in early trading today.

The USD/INR is testing important resistance levels early today and is threatening to diminish the solid mid-term bearish trend which was accomplished by the Forex pair.

Speculators not accustomed to volatility within the USD/SGD are likely taking a second glance at the Forex pair’s performance the past week.

The GBP/USD pair finally succeeded yesterday in covering the price gap that occurred with last week's opening.

The S&P 500 broke down significantly during the trading session on Monday, due to concerns coming out of London about a mutated coronavirus strain.

The NASDAQ 100 had a rough trading session on Monday, just as most other markets did.

The West Texas Intermediate Crude Oil market fell quite a bit during the trading session on Monday as traders worry about the coronavirus mutations in the United Kingdom.

The DAX Index broke down a bit during the trading session on Monday as European traders completely lost it over the coronavirus mutation in the United Kingdom.

The Australian dollar has been all over the place during the trading session on Monday, due to concerns surround a coronavirus mutation in the United Kingdom.

Gold markets have fluctuated during the trading session on Monday to kick off the week, as we started off with a bang.

The South African rand has been one of the better-performing currencies to pay attention to, as the US dollar has been absolutely pummeled against it.

The US dollar initially spiked against the Brazilian real on Monday, as the markets were very thin due to holiday trading.