Forex Daily Forecast, Analysis and Prediction

The British pound has pulled back during the trading session on Thursday as there was a bit of a “risk off” feel that the markets.

The S&P 500 has broken down significantly during the trading session on Thursday as the bubble looks like it has finally been popped a bit.

The Euro fell hard for the last couple of days, but the Thursday session was interesting as we turned around and recovered enough to form a massive hammer.

While new Covid-19 cases continue to close the gap between Mexico and South Africa, currently the eight and seventh-most infected countries with the virus,

With South Africa reporting more than 2,000 new daily Covid-19 infections and strained public finances, the National Treasury commenced research into a wealth tax.

Despite the strength of the US dollar against the rest of the other major currencies, gains from the rebound in the USD/JPY, is still limited, reaching the 106.34 level at the time of writing.

For the third day in a row, the EUR/USD has been exposed to a downward correction that pushed it towards the 1.1796 support at the time of writing, with the pair abandoning its highest level in two years when it reached the 1.2010 resistance during Tuesday's trading.

For the second day in a row, the price of an ounce of gold is declining in light of the US dollar recovery, which pushed the price of the yellow metal towards $1927 ounce at the time of writing.

For two trading sessions in a row, the GBP/USD currency pair has been moving lower, giving up its highest levels in 2020 trading,

The S&P 500 roared to record highs on Wednesday.

Economic data from Mexico continues to deliver troubling statistics.

The USD/INR has produced difficult trading the past week.

The USD/SGD is trading near important short term resistance early this morning.

AUD/USD: Pivotal point at 0.7292

USD/JPY: Level at 106.41 looks extremely pivotal now