Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market pulled back significantly during the Friday session, but did bounced enough to show signs of resiliency.

Strong bullish trend in Rand may reverse at 17.3000

BTC/USD: Price is ranging over the long term

EUR/USD: Key support level breaking down

At a time the global economy is in the early phases of a recession, the US is rumored to announce sanctions against China

South Africa will lower its disease alert level to three on June 1st, allowing an expected eight million employees to return to work.

After the release of preliminary PMI data for May, it appears the Eurozone economy has bottomed out.

Singapore is faced with negative interest rates as the one-month swap offer rate (SOR) fell below zero last Wednesday for the first time in nine years.

Rupee has lost value due to the growing coronavirus impact.

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While economies are gradually lifting nationwide lockdowns, the World Health Organization reported a daily record in new confirmed Covid-19 cases, exceeding 100,000.

The US dollar rallied a bit during the trading session on Thursday, reaching towards the ¥108 level above before pulling back.

The British pound broke down significantly during the trading session on Thursday, as there was more of a “risk off” type of trade.