Forex Daily Forecast, Analysis and Prediction

Mexico lacks proper Covid-19 testing capabilities, with just over 820,000 carried out on a population above 129,000,000.

While the Brazilian government continues to face a storm of criticism from worldwide health organizations regarding its handling of coronavirus and the rate of infections and deaths which have occurred in Brazil, officials from the nation continue to suggest the economy will rebound quickly.

The South African Rand continues to trade near crucial support levels near the 16.52000 which have proven important before because of technical track record which has created reversals.

If you did not know it already and were comfortably considering a day of relaxation while trading the USD/PKR you have likely been given a reminder early this morning trading the Pakistani Rupee is a speculative endeavor.

The USD/INR has produced a solid bearish trend the past week of trading and the Indian Rupee has made short term support levels appear vulnerable consistently.

The silver markets have broken above the $20 level during the trading session on Monday, as this signals a major shift in attitude, or perhaps a better way to put it: That we are ready to continue the next leg higher.

The Australian dollar has rallied again on Monday, crossing the 0.70 level.

The British pound has initially pulled back a bit during the trading session on Monday, but then shot straight up in the air to break above the 1.2650 level.

With the loss of hope that the two sides of Brexit - the European Union and the UK - will soon reach an agreement that will chart relations between them after the end of the transitional period.

The Swedish Krona continues to make support levels appear vulnerable.

The USD/ZAR has run into a large amount of consolidation the past few trading sessions as stable risk appetite and a solid price for gold are balanced by staggering coronavirus statistics and economic worries from South Africa.

The USD/PKR has endured choppy trading the past five days, but its range should not be a surprise to anyone.

India is the third-most infected country with Covid-19, trailing the US and Brazil, and the most-infected in Asia.

Brazil registered over 2,000,000 confirmed Covid-19 infections, second only to the US, which is expected to cross 4,000,000 cases in the next 48 hours.

Even as its government and private analysts admit Singapore’s economy is suffering setbacks because of knock-on effects from coronavirus the USD/SGD has tested support levels as selling of the forex pair remains steady.