Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 30, 2020 here.

Start the week of August 30, 2020, with our Forex forecast focusing on major currency pairs here.

The US dollar has been drifted lower against the Indian rupee for some time now, but as we drift into September there will be a lot of questions when it comes to whether or not we can continue this move.

The Brazilian real is a very interesting currency to watch, because Brazil has a horrible infection rate when it comes to the coronavirus.

The US dollar has had a rough couple of weeks heading into September against multiple currencies, not just the South African Rand.

The silver markets should continue to be very volatile into the month of September, because there are a massive amount of reasons why this market is moving at the same time.

Gold markets have been rather choppy during the month of August, but that should not be a surprise given a couple of different factors.

USD/PKR: Pakistani Rupee Perched Against Tricky Resistance

WTI Crude Oil: Risk Appetite Creating Robust & Healthy Consolidation

EUR/USD: Euro’s Past Two Weeks Likely Not the New Normal

NASDAQ: Traders May Consider Riding Speculative Wave Longer

S&P 500: Record Territory Raises Optimistic Looks & Concerns

While the thirty components of the DAX 30 source more revenues from outside Germany, the global GDP outlook remains depressed.

With the US Federal Reserve indirectly confirming its weak US Dollar policy, the USD/ZAR was rejected by its downward adjusted short-term resistance zone.

The Euro went back and forth during the trading session on Thursday as Jerome Powell finally had his speech from the Jackson Hole symposium.