Forex Daily Forecast, Analysis and Prediction

BTC/USD Forex Signal: Strong support at $9,431

GBP/USD: New 50-day high daily close

Over the past four months, foreign investors took over $11.8 billion out of Brazil’s equity market.

Singapore banks will likely get plenty of attention as summer emerges.

The Mexican Peso has trended stronger against the US Dollar the past two months and short-term indications look favorable too.

EUR/USD: Pivotal point at 1.1272

Last Friday’s US NFP report showed over 2.5 million job additions. It surprised markets and shocked economists who were, on average, predicting 8.0 million job losses.

Before the global Covid-19 pandemic, South Africa’s economy was suffering from the Eskom capacity issue, which led to ongoing blackouts,

Gold markets broke down significantly during the trading session on Friday as the job number came out much better than anticipated.

The US dollar has rallied significantly during the trading session on Friday, as it is a continuation towards the ¥110 level, which is a large, round, psychologically significant figure.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of June 7, 2020.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 7, 2020 here.

Get the weekly Forex forecast for major currency pairs for the week of June 6, 2020 here.

Volatility in the USD/CNH is poised to remain elevated. Early indications point towards China backing away from portions of the phase-one trade truce

Today’s US NFP report is expected to result in a volatility spike and an increase in trading volume.