Forex Daily Forecast, Analysis and Prediction

The British pound rallied significantly during the trading session on Tuesday to break above the 1.34 level which has been resistance over the last week or so.

Trading in the DAX Index opened again this morning with a flourish of fast trading, as a low was tested and then the ability to demonstrate a spike upwards quickly was displayed.

Coffee is near important resistance levels which have produced a sharp reversal downwards in the middle of November.

Speculators of the USD/MXN may becoming impatient with the Forex pair as it hovers near important support levels as trading remains cautious.

The GBP/USD is still holding up against very strong resistance at the 1.3400 level, and is trying to break through.

Instability has dominated the GBP/USD's performance in recent sessions due to investor optimism regarding coronavirus vaccines.

Gold sold off amid dominant risk appetite in the markets after the announcement of pending coronavirus vaccines.

Ahead of an important testimony by Federal Reserve Governor Jerome Powell, the USD/JPY is trying to correct upwards, but with limited gains that reached the 104.35 level at the time of writing.

Trading in the USD/INR has been fast this morning and it may continue short term.

Price looks unlikely to break $20k yet.

South Africa is considering implementing snap lockdowns for areas where the second wave of COVID-19 infections threatens to collapse the healthcare system.

With many countries struggling to contain the second wave of the COVID-19 pandemic, Singapore continues to display leadership.

The AUD/USD rose at the beginning of today's trading, with increased risk appetite after positive news about coronavirus vaccines.

Beware of strong resistance just overhead at 1.2000.

The US dollar did rally early during the trading session on Monday against the Indian rupee, but right around the ₹74 level we continue to see many issues.