Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has rallied quite significantly during the trading session on Thursday as the jobs number came out better than anticipated.

The US dollar rallied a bit during the trading session on Thursday as the market is to find the ¥107.50 level as a bit of a magnet for price.

The Australian dollar has rallied a bit during the trading session on Thursday, but as you can see, we have failed to continue to go much higher.

The Euro has rallied pretty significantly during the trading session on Thursday but then rolled over to show signs of exhaustion yet again.

The silver markets dropped a bit during the trading session in early hours Globex trading on Thursday, as traders waited for the jobs figure to come out of the United States.

The US dollar has initially fallen during Thursday trading but found buyers against the Brazilian Real as we touched the 50 day EMA.

Looking at the West Texas Intermediate Crude Oil market, you can see that we have rallied ever so slightly but at the end of the day we are still very much in the same range that we have been in

The gold markets initially fell during the Globex session on Thursday but found a solid wall of support at the $1765 level.

After the South African economy posted a 2.0% contraction in the first quarter, the South African Reserve Bank forecasts a 32.6% collapse in the second quarter.

Guy Parmelin, the Vice President of Switzerland and the minister responsible for the Federal Department of Economic Affairs, Education and Research,

Sweden’s economy is forecast to shrink by 6.0% in 2020, a figure prone to downward revisions.

Norway, not a member of the European Union, is seeking to be included in Covid-19 regulations and travel advisories referred to as Re-Open EU.

On the daily EUR/USD chart, it is clear that the bears are dominating the performance, and the chances of upward correction are weak,

For the third consecutive day, the GBP/USD performance witnessed a noticeable improvement,

As expected, the recent and continuous gold gains pushed the technical indicators to overbought areas