Forex Daily Forecast, Analysis and Prediction

The trading range for the USD/INR offers speculative opportunities for those with good risk appetite today as support levels appear vulnerable.

The British pound has broken down significantly during the trading session on Thursday as we continue to see a lot of concerns about the British economy.

The silver markets have gone back and forth during the trading session on Thursday as the $18 level was tested before pulling back towards the $17.25 level.

The Australian dollar initially tried to rally during the trading session on Thursday but as you can see the 0.69 level has offered enough resistance to turn this market back around

The Brazilian real continues to lose strength against the greenback as a lot of traders out there are starting to focus on the attitude of global markets in general and global growth.

Short term traders must be able to change their direction quickly.

During yesterday's trading session, the USD/JPY moved lower and broke below the 107.00 support with losses to 106.95 before settling around the 107.05 level in the beginning of Thursday's trading.

The recent pessimistic view from the US Federal Reserve and the renewed global geopolitical tensions.

Sterling pairs are awaiting the Bank of England monetary policy decisions today.

As we expected, the single European currency will continue to face pressures due to markets' doubts about the possibility of passing stimulus plans by the European Union leaders, and this situation negatively affects any EUR/USD.

The British pound fell initially during the trading session on Wednesday, as we have seen a bit of a “risk off” move early in the day but was turned around as we are close to a significant support level.

The Australian dollar has initially fallen during the trading session on Wednesday, but then found buyers underneath the turn the whole thing around.

The USD/ARS continues to be a forex pair with a seemingly one-way direction.

The Brazilian Real remains within an opportunistic trading range for nimble traders who have the ability for solid entry points and are capable of using take profits and stop losses.

Germany implemented a nationwide lockdown in response to the Covid-19 pandemic in March.