Forex Daily Forecast, Analysis and Prediction

Despite the first-ever recession in India since record-keeping began, triggered by the global COVID-19 pandemic, foreign direct investment (FDI) increased by 15.0% between April and September to $39.9 billion.

Amid the COVID-19 pandemic, the World Economic Forum (WEF) confirmed that the 2021 forum has been moved to Singapore.

While Germany posted better-than-expected industrial production for October, it was before Chancellor Angela Merkel imposed a second nationwide lockdown.

With new COVID-19 infections continuing to increase, South Africa needs a united government to navigate the second wave of the pandemic more than ever.

The GBP/USD dropped yesterday far more than expected, which led to the activation of the stop losses of buy signals.

The AUD/USD rose during yesterday's trading, before recording some decline during the last US trades.

Test of $20k looking less likely.

In recent technical analyses of the EUR/USD, we noted that recent gains pushed the technical indicators into overbought areas.

As fears of a no-deal Brexit increased, so did the pound's losses against the rest of other major currencies.

The attention of gold investors returned to the psychological resistance at $1900 an ounce, after recent gains in the price of gold pushed it to the $1868 level at the beginning of this week's trading.

With nearly non-existent movement, the USD/JPY had a weak performance at the beginning of this week’s trading.

Bearish head and shoulders neckline at 1.2087.

The US dollar fell again against the Brazilian real as we crossed the 5.10 threshold during the trading session on Monday.

The US dollar had initially rallied during the trading session on Monday, but then turned around to show signs of exhaustion.

The Australian dollar initially pulled back during the trading session on Monday, but continues to look very bullish as we see plenty of buyers on these dips.