Forex Daily Forecast, Analysis and Prediction

Mexico could be on the verge of seeing a sharp increase in new Covid-19 infections, warns Arturo Erdely, a mathematician at the National Autonomous University (UNAM).

Brazil seeks ways to extend financial support to the poor are the country reports over 30,000 new Covid-19 infections daily.

The US dollar initially pulled back a bit during the trading session on Wednesday, only to turn around and rally towards the 50 day EMA yet again.

The S&P 500 has gone back and forth during the trading session on Wednesday, as we have no idea what to do next.

AUD/USD: Recovery in risk sentiment boosting Aussie Dollar

The Bitcoin market initially tried to rally during the trading session on Wednesday, but as you can see the $11,000 level continues to cause a lot of headaches for buyers.

USD/JPY: 106.00 area remains pivotal

The Australian dollar rallied a bit during the trading session after initially pulling back at the open on Wednesday.

The NASDAQ 100 had a very volatile trading session during the day on Wednesday, as it was the end of the month and the end of the quarter.

BTC/USD: Pivotal area around $10,847

The silver markets fell significantly during the trading session on Wednesday, which is a bit telling considering that the US dollar also fell.

The British pound broke above the 50 day EMA during the trading session on Wednesday but gave back the gains to close underneath there.

GBP/USD: Pound is outperforming the Euro

The gold market fell rather hard during the trading session on Wednesday, even as the US dollar lost a bit of strength.

EUR/USD: Strong resistance holding at 1.1775