Forex Daily Forecast, Analysis and Prediction

The silver markets fell during the trading session on Friday, reaching towards the $15 level, an area that I think is crucial, as it has previously been resistance,

We rolled over to the June contract at the end of the session on Friday, so this is the chart that we are looking at.

Gold markets have fallen significantly during the trading session on Friday, reaching down below the $1700 level.

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Equity markets around the world adapted a risk-on mood, sparked by a report indicating positive results of one Phase 3 remdesivir trial,

After a massive recovery across the cryptocurrency sector, off of the March lows, short-term fundamental pressure on Litecoin is rising.

Optimism on the prospects of Gilead Sciences’ remdesivir swelled after promising results of one Phase 3 trial were leaked,

Despite the misplaced optimism, the economy is more diverse than that of New Zealand, resulting in a mild bullish bias for the GBP/NZD.

The US dollar initially pulled back a bit during the trading session on Thursday, but then shot much higher as the volatility continues.

The Euro broke down a bit during the trading session on Thursday, reaching towards the 1.08 level.

The British pound has broken down significantly during the trading session on Thursday only to find buyers below the 1.24 handle.

The S&P 500 has gone back and forth during the trading session on Thursday, as we have chopped around just below the 50 day EMA.

The NASDAQ 100 has gone back and forth during the trading session and volatile trading on Thursday yet again as we are at the peak.