Forex Daily Forecast, Analysis and Prediction

The Brazilian Real remains a technical battleground for speculators using charts and searching for short term trading possibilities.

USD/JPY: USD weakness

BTC/USD: Slight bullish bias

The USD/ZAR continues to press up against important support levels which look more vulnerable as the short term trend of the South African Rand seemingly gains incremental momentum.

The USD/PKR is still hovering near values of 166.5500 in early trading this morning.

India, presently the third-most infected country with Covid-19, is on course to join the US and Brazil with over 1,000,000 confirmed cases.

Singapore entered a technical recession as it reported a second-quarter GDP plunge of 41.2% quarter-over-quarter.

GBP/USD: Pound catching up with the Euro

EUR/USD: New long-term highs above 1.1400

The British pound broke down significantly during the trading session on Tuesday but found enough support at the 50 day EMA to turn things around to form a hammer.

The Australian dollar initially fell during the trading session on Tuesday but then turned around again.

The NASDAQ 100 fell initially on Tuesday, as one would think due to the fact that it had been so ugly on Monday.

The US dollar initially rallied during the trading session on Tuesday but gave up some of the gains against the Japanese yen as we continue to see the 107.50 level cause a reaction in this market.

The S&P 500 has pulled back initially during the trading session on Tuesday but found plenty of buyers to shoot this thing straight back up in the air again.

The Euro rallied during the trading session, challenging the 1.14 level yet again.