Forex Daily Forecast, Analysis and Prediction

A new study released by Swiss-based Horizon Group ranked the post-Covid-19 recovery to-date.

The silver markets have rallied again during the trading session on Wednesday but continue to struggle with the $28 handle.

The Australian dollar continues to struggle at the 0.73 level, an area that has been resistant more than once.

The British pound rallied again during the trading session on Wednesday.

Political uncertainty will remain high - conditions that usually help weaken the pound - especially after the British Parliament passed the first phase of the Home Market Bill with the government winning a 340 to 263 vote.

The USD/NOK has experienced a strong bearish trend since mid-March.

The USD/MYR has continued to deliver a rather dynamic bearish trend.

Support near the 73.3000 juncture for the USD/INR proved to be an inflection point, but the move it produced was a bullish run higher and the forex pair tested high resistance levels yesterday.

The South African Rand broke the critical 16.50000 support yesterday and has sustained its value beneath the important mark.

While Singapore recorded over 57,000 Covid-19 infections to date, the death toll of 27 is significantly lower than in other countries.

August inflation increased more than forecast in Brazil, and President Jair Bolsonaro appealed to the patriotism of vendors during the Covid-19 crisis.

The Australian dollar has initially pulled back a bit during the trading session on Tuesday only to see strength again after the RBA came out with its announcement.

Silver markets rallied after gapping slightly higher at the open on Tuesday again.

The British pound continued to grind to the upside during the trading session on Tuesday as we see a lot of choppiness in general.

We noticed a temporary and cautious pause in the recent losses of the GBP/USD pair over the course of two trading sessions in a row.