Forex Daily Forecast, Analysis and Prediction

Recently Goldman Sachs recommended buying gold in conjunction with the US Federal Reserve's announcement that it will purchase an unlimited amount of government bonds.

Chinese PMI data showed an unexpected expansion in March on the back of a spike in production for medical supplies.

Sterling's recent gains were halted as markets digested news that Fitch Ratings downgraded Britain's sovereign debt over the weekend.

Investors increased their buying interest in the Japanese yen recently as a safe haven amid the increasing numbers of coronavirus deaths and infections in the United States, which currently exceeded the numbers in countries suffering from the epidemic for months.

AUD/USD: Pivotal point at 0.6023

USD/JPY: Little price movement

BTC/USD: $6,600 looks very pivotal

GBP/USD: Pound is relatively strong

EUR/USD: Round number at 1.1000 breaking down

Mexican President López Obrador rejects calls for a full lockdown in Latin America's second-largest economy.

The Australian dollar has gone back and forth during the trading session on Monday, as traders came back from the weekend.

The US dollar gapped higher against the South African Rand to kick off the week, showing signs of weakness in the emerging market yet again.

The S&P 500 initially gapped lower on Monday but then shot straight up in the air to show signs of strength.

The US dollar was all over the place during trading on Monday as traders are trying to figure out what to do next.

The NASDAQ 100 has had a strong session on Monday, after initially gapping lower. In fact, the market has closed towards the very top of the range, showing signs of strength yet again.