Forex Daily Forecast, Analysis and Prediction

The British pound has broken down a bit during the trading session initially on Tuesday, reaching towards the 200 day EMA.

The NASDAQ 100 has initially pulled back a bit during the trading session on Tuesday only to shoot above the 10,000 level at one point during the day.

Brazil became the epicenter of the global Covid-19 pandemic.

USD/JPY: Yet strong support at 107.32

While venturing into the Pakistani Rupee may seem farfetched for some traders, a look at the currency within the scope of a 3-month chart and the ability to react short term could prove worthwhile, besides absolutely stimulating.

BTC/USD: Narrowing triangle above strongly supportive area

The IDR has actually moved back to a trading range which acted as its core value the past half-year, in fact, if you look at a year-long chart for the USD/IDR you will see that its current level looks positively normal.

GBP/USD: British Pound is the Strongest Major Currency Today

EUR/USD: Bearish double top possible at 1.1381

The US dollar initially tried to rally against the Indian rupee during the trading session on Tuesday but has given back a bit of the gains.

Silver markets have pulled back just a bit during the trading session on Tuesday but found plenty of buyers underneath to turn around and form a bit of a hammer-like candlestick.

Gold markets have shown themselves to be somewhat resilient in the sense that we have bounced from the 50 day EMA recently and have broken above the $1700 level.

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Tuesday, as we are waiting to see whether or not we will continue to go higher, perhaps reaching towards the top of the gap.

Mexico's Finance Minister Herrera announced the economy most likely plunged 17% in April and expects a marginally smaller drop for May.

While optimism across financial markets remains unrealistically elevated about the gradual reopening of economies, the reality is distinctly different.