Forex Daily Forecast, Analysis and Prediction

The British pound initially tried to rally during the trading session on Monday, but then rolled over again to break down below the 1.23 level.

The Euro has initially rally during the trading session on Monday, but then gave back quite a bit of the gains once the market reached towards the 1.13 level.

The Australian dollar has done almost nothing during the trading session on Monday, as we have gone back and forth to show signs of lackluster behavior.

If you enjoy speculative forex positions now is your opportunity to potentially enjoy a ride on a rollercoaster.

The Malaysian Ringgit has provided traders with a solid test of their emotional fortitude the past few sessions as forex markets display signs of volatility

Germany’s economy is faced with a steep recession in 2020, estimated between 6.5% and 8.5%, while it battles a resurgence of Covid-19 infections.

GBP/USD: New lower resistance at 1.2314

EUR/USD: Potential support at 1.1195

Pakistan delivered its first economic contraction in 68 years, with a 0.38% decrease for the 2019-2020 fiscal year, which ends today.

Silver markets went back and forth during the trading session on Monday, as we continue to see a lot of noise in this market.

The bitcoin market has broken down a bit during the trading session initially on Monday, slicing below the 9000 level before recovering a bit.

The West Texas Intermediate Crude Oil market has initially gapped lower to kick off the week on Monday, and then turned around to show signs of strength again

Gold markets have gapped higher to kick off the week, but then turned around to show signs of strength again as we filled the gap and essentially bounce right back.

South African Finance Minister Tito Mboweni confirmed the government has no plans to raise income, corporate or value-added tax.

Mexico’s economy plunged by 17.3% in April, the steepest contraction since 1993 per the National Institute of Statistics and Geography