Forex Daily Forecast, Analysis and Prediction

The Euro has been all over the place during the Wednesday session, piercing the 1.09 level one point but then pulling back to form a somewhat neutral candle.

The Australian dollar is likely to continue breaking down, as we have sliced through the recent support level.

The S&P 500 has been all over the place during a very volatile session on Wednesday, initially tried to rally but given back those gains as computers traded the word “pandemic”

The US dollar bounced a bit during the trading session on Wednesday, as the ¥110 level continues offer a bit of support.

The NASDAQ 100 has been all over the place during a very volatile session on Wednesday, as the markets don’t really know what to do.

The British pound fell hard during the trading session on Wednesday, as we continue to look at support just below and it appears that we are trying to form some type of basing pattern.

The West Texas Intermediate Crude Oil market broke down rather significantly during the trading session on Wednesday, finally slicing through the $49 level and crushing all hope of support.

Bitcoin has broken down significantly during the trading session on Wednesday, breaking below the 50 day EMA.

Natural gas markets did very little during the trading session on Wednesday as we sit just above the $1.80 level.

Gold markets fell a bit during the trading session on Wednesday, gapping to show signs of extreme negativity.

AUD/USD: New 11-year low price reached again yesterday

USD/JPY: Too much support below 110.00 for bears to break down

BTC/USD: Supported at $8,500

With Covid-19 crippling the global supply chain, Canada is faced with the impact of rail blockades staged by indigenous and anti-pipeline activists.

Before the outbreak of the deadly Covid-19, the global economy was amid a slowdown, fueled by structural issues.