Forex Daily Forecast, Analysis and Prediction

The British pound fell a bit during trading on Friday, breaking down below the bottom of the hammer from the Thursday session.

The Brazilian Real has fallen over the last couple of days to reach down towards a significant trend line.

Silver markets went back and forth during the trading session on Friday as we continue to try to figure out whether or not breaking above the $18 level is going to happen in the short term

Strong bullish trend in Rand may reverse at 17.3000

At a time the global economy is in the early phases of a recession, the US is rumored to announce sanctions against China

South Africa will lower its disease alert level to three on June 1st, allowing an expected eight million employees to return to work.

After the release of preliminary PMI data for May, it appears the Eurozone economy has bottomed out.

Singapore is faced with negative interest rates as the one-month swap offer rate (SOR) fell below zero last Wednesday for the first time in nine years.

Rupee has lost value due to the growing coronavirus impact.

Get the weekly Forex forecast for major currency pairs for the week of May 24, 2020 here.

The British pound broke down significantly during the trading session on Thursday, as there was more of a “risk off” type of trade.

The Australian dollar has shown itself to be strong over the last couple of days, but it pulled back from the 0.66 level rather stringently.

The silver markets fell rather hard during the trading session on Thursday after testing the $18 level.

US economic data supports a more severe economic disruption than previously forecast.

With UK businesses slowly returning to an adjusted economic and social environment, the realization that a slow recovery lies ahead positions companies,