Forex Daily Forecast, Analysis and Prediction

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.

Argentina is a welfare recipient that cannot get enough help and is never satisfied with its financial arrangements.

The USD/BRL has consistently challenged support levels in the short term.

The USD/PKR offers speculators an intriguing support level to demonstrate their trading capabilities.

With daily Covid-19 infections across India at alarming levels and total cases are on course to surpass 5,000,000 in the next 24 hours, GDP forecasts for the fiscal year 2021, ending March 2021.

After South Africa reported a 51.0% quarterly and 17.1% annualized GDP collapse in the second quarter, Finance Minister Tito Mboweni confirmed the 2020 full-year contraction would be worse than the present South African Reserve Bank (SARB) forecast for a decrease of 7.3%.

The silver markets have rallied a bit during the trading session on Monday as traders came back to work from the weekend.

The British pound rallied rather significantly during the day on Monday, breaking the back of the inverted hammer that was formed on Friday.

At this point, I think it is much more likely that pullbacks will continue to offer buying opportunities based upon value.

The US dollar has fallen again during the trading session on Monday against the Mexican peso, reaching down towards the 21 pesos level.

We always recommend selling the sterling from every ascending level.

How long has the Brexit saga been going on now?

The trading waters within the USD/ZAR have remained turbulent the past week.

Trading the USD/INR has not been for the faint of heart the past couple of weeks.

The USD/SGD has proven a solid barometer of global risk sentiment once again.