Forex Daily Forecast, Analysis and Prediction

The Australian dollar rallied significantly during the trading session on Tuesday to slam into the 0.7350 level.

After eight trading sessions in a row, the EUR/USD currency pair managed to correct higher, taking advantage of the optimism in the markets amid announcements of successful coronavirus vaccines.

The GBP/USD pair witnessed a downward correction by more than 100 points amid profit-taking selling that pushed it towards the 1.3263 support.

Investors' abandonment of safe havens and the recovery of the USD pushed the gold price to decline sharply at the beginning of this week’s trading.

Risk appetite and the USD recovery were strong factors in a long-awaited upward rebound for the USD/JPY.

The DAX Index opened with a spike upwards this morning.

Cocoa is enjoying a solid bullish trend, but not without a fight.

Coffee has challenged support with short-term downward momentum the past day, but this occurred after the commodity began to challenge highs not seen since the middle of September.

Support levels were punctured in early trading this morning as the USD/INR has broken lower and demonstrated the ability to continue its bearish trend.

Brazil remains the third country in the world most infected by COVID-19, with more than 6,000,000 confirmed cases.

Amid the ongoing COVID-19 pandemic that forced the global economy into a recession, depressed the labor market and spiked total debt levels past sustainability, rating agencies slowly react.

The pair breaks strong resistance levels.

Don't let the calm surrounding the GBP/USD make you reckless: it may just be the calm before the storm.

Price is trying to break above the short-term descending trend line.

The euro is not one of the strongest major currencies anymore.