Forex Daily Forecast, Analysis and Prediction

Since the beginning of trading this week, the USD/JPY has been moving in a range between the 108.72 resistance and the 106.91 support and is settling around the 107.15 level in the beginning of trading on Thursday.

AUD/USD: Pivotal point remains at 0.6023

The Euro continues to go back and forth, and I simply think there’s no real directionality to this pair right now.

The US dollar initially tried to rally against the Japanese yen during trading on Wednesday, as we have fallen towards the ¥107 level.

The Australian dollar initially tried to rally during the trading session on Wednesday but gave back the gains to reach towards the 0.6050 level.

The NASDAQ 100 fell hard during the trading session on Wednesday, breaking the bottom of the shooting star that had formed on Tuesday

The S&P 500 has had a bad trading session during the day on Wednesday, as we continue to see a lot of concerns out there when it comes to the global growth situation,

The British pound fell during most of the trading session on Wednesday, but as you can see, we also have a bit of a bounce.

USD/JPY: More bearish on souring risk sentiment

Bitcoin usually leads the cryptocurrency market in either direction.

BTC/USD: New bullish price channel

GBP/USD: Pound making bullish consolidation

EUR/USD: Key support at 1.0889

Canada’s economy was in dire shape to start the year, with GDP expanding a dismal 0.1%.

Structural weakness across the Eurozone and the European Union is highlighted by the Covid-19 pandemic, which is forcing the global economy into a recession