Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially tried to rally during the trading session on Tuesday as we continue the overall uptrend.

The market continues to be very noisy, as the British pound reached all the way towards the 200 day EMA before rolling over again.

AUD/USD: Sentiment mixed but risk-off strengthening

USD/JPY: Little to choose between these two currencies

BTC/USD: Support effectively holding

Pakistan is under increasing pressures from the Covid-19 economic fallout.

Singapore will hold elections this Friday, where incumbent Prime Minister Lee Hsien Loong will face off against challenger Pritam Singh, where his re-election is widely anticipated.

South African Health Minister Zweli Mkhize warned that Covid-19 infections would continue to rise, as the nationwide economic lockdown is unsustainable and economic activities must resume.

GBP/USD: Significant new higher support at 1.2531

Sweden is known for economic experiments but usually ranks in the Top 5 on a series of essential developments.

EUR/USD: Moving down from long-term resistance at 1.1354

The West Texas Intermediate Crude Oil market has initially fallen during the trading session but bounced on Tuesday to show that we continue to see the $40 level as somewhat important.

Gold markets have rallied during the trading session on Tuesday again, breaking out to a fresh, new high.

The US dollar has pulled back slightly to kick off the trading session on Tuesday against the Brazilian Real but has turned around at the 50 day EMA yet again to show signs of life.

Silver markets have initially pulled back during the trading session on Tuesday but found plenty of buyers underneath the turnaround and shows signs of life.