Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 19, 2020 here.

Start the week of July 19, 2020 with our Forex forecast focusing on major currency pairs here.

Spain-based consultancy group FocusEconomics downgraded the Mexican economic GDP forecast for 2020 from a contraction of 7.5% to a drop of 8.5%.

South Africa business lobby group Business for South Africa (B4SA) identified twelve areas for reform that could boost Africa’s most industrialized country GDP by R1 trillion.

The Australian dollar initially tried to rally during the trading session on Thursday but failed again at the 0.70 level.

The US dollar rallied a bit during the trading session on Thursday against the Japanese yen but gave back the gains at the very end of the day.

The Euro tried to break above the 1.14 handle again during the trading session on Thursday but gave up the gains.

The British pound has initially gone higher during the trading session on Thursday, only to turn around and fall apart again

The NASDAQ 100 had a rough trading session during the day on Thursday, reaching down towards the 10,500 level.

The S&P 500 pulled back a bit during the trading session on Thursday, as we had hit the highs again only to falter.

The Indian rupee initially lost a bit of ground against the US dollar during the trading session on Thursday, but continues to find a little bit of strength,

Silver markets continue to struggle with the $20 level above, an area that a lot of traders are desperately trying to take out.

The West Texas Intermediate Crude Oil market continues to sit still and put traders to sleep.

Gold markets fell hard during the trading session on Thursday, as we started to see a little bit of US dollar strength.

Paulo Guedes, the Brazilian Minister of the Economy, proposed changes to the tax system.