Forex Daily Forecast, Analysis and Prediction

Gold sold off amid dominant risk appetite in the markets after the announcement of pending coronavirus vaccines.

Ahead of an important testimony by Federal Reserve Governor Jerome Powell, the USD/JPY is trying to correct upwards, but with limited gains that reached the 104.35 level at the time of writing.

Trading in the USD/INR has been fast this morning and it may continue short term.

Price looks unlikely to break $20k yet.

South Africa is considering implementing snap lockdowns for areas where the second wave of COVID-19 infections threatens to collapse the healthcare system.

With many countries struggling to contain the second wave of the COVID-19 pandemic, Singapore continues to display leadership.

The AUD/USD rose at the beginning of today's trading, with increased risk appetite after positive news about coronavirus vaccines.

Beware of strong resistance just overhead at 1.2000.

The US dollar did rally early during the trading session on Monday against the Indian rupee, but right around the ₹74 level we continue to see many issues.

The US dollar initially fell during the trading session on Monday, breaking below the ¥104 level before turning around to rally rather significantly.

The Australian dollar initially tried to rally during the trading session on Monday, but gave back the gains as the highs seemed a bit too much.

The NASDAQ 100 pulled back during the trading session rather drastically, but then turned around just as drastically to show extreme signs of strength.

The S&P 500 initially fell during the trading session on Monday, then sold off as we did the end of month rebalance and reached towards the crucial 3600 support level.

Gold markets fell during the trading session on Monday, but found enough buyers underneath to turn things around and form a hammer.

Silver markets fell during the trading session on Monday, reaching down towards the 200-day EMA yet again.