Forex Daily Forecast, Analysis and Prediction

The US dollar has gone back and forth during the Tuesday session as we are trading just below the 50 day EMA.

The Singapore Dollar is trading near the strongest part of its value range since relatively early in March.

A positive but cautious start for the GBP/USD price for this week, as the pair bounced to 1.2476 after the recent sell-off that pushed it towards the 1.2335 support,

The USD/MXN remains ultra-attractive for speculators with a slight taste for volatility and the ability to manage their risk wisely.

The Australian dollar has shot straight up in the air during trading on Monday, as we continue to see hopium take over the markets.

The British pound shot higher during the trading session on Monday, taking a serious shot at breaking above the highs from the Friday session.

Pakistan remains on a path to implement structural economic reforms, which were initiated before the Covid-19 pandemic suspended activities.

Indonesia is faced with a string of downward revisions to its 2020 GDP, resulting from the Covid-19 pandemic.

Singapore, which retained the top spot as the world’s most competitive economy, as measured by the IMD World Competitiveness Ranking,

South Africa crossed the 100,000 level in Covid-19 infections yesterday, as global daily cases continue to surge globally

Important resistance was tested by the USD/BRL late on Monday but has seen a bit of a reversal the past few hours.

The Indian Rupee has broken through important support levels and speculators may be looking at targets below as they build confidence about the trend of the USD/INR.

The narrow range of the Malaysian Ringgit continues to be attractive for short term traders.

The silver markets initially tried to rally during the trading session on Monday as traders get back to work, but the $18 level has proof of supply, as we have pulled back quite a bit and shown quite a bit of resistance.

After several attempts in which gold prices tried to bounce upward.