Forex Daily Forecast, Analysis and Prediction

The Australian dollar has rallied a bit during the trading session on Thursday, but as you can see, we have failed to continue to go much higher.

The silver markets dropped a bit during the trading session in early hours Globex trading on Thursday, as traders waited for the jobs figure to come out of the United States.

The US dollar has initially fallen during Thursday trading but found buyers against the Brazilian Real as we touched the 50 day EMA.

After the South African economy posted a 2.0% contraction in the first quarter, the South African Reserve Bank forecasts a 32.6% collapse in the second quarter.

Guy Parmelin, the Vice President of Switzerland and the minister responsible for the Federal Department of Economic Affairs, Education and Research,

Sweden’s economy is forecast to shrink by 6.0% in 2020, a figure prone to downward revisions.

Norway, not a member of the European Union, is seeking to be included in Covid-19 regulations and travel advisories referred to as Re-Open EU.

For the third consecutive day, the GBP/USD performance witnessed a noticeable improvement,

The Australian dollar went back and forth during the trading session on Wednesday as we had broken above the 0.69 level.

The British pound has rallied quite significantly yet again on Wednesday, as we have seen quite a bit of buying pressure to slice through the 50 day EMA.

Argentina’s economy collapsed 17.5% in April as compared to March, and 26.4% year-over-year.

Brazil’s Ministry of Economy announced 331,901 formal job losses in May, adding to the devastating blow the Covid-19 pandemic has on the economy.

South Africa’s economy delivered the third consecutive quarterly contraction.

Bears are in control of the USD/INR, with this technical indicator contracting deeper into negative territory.

Silver markets initially tried to rally during the trading session on Wednesday as we reached towards the $19 level.