Forex Daily Forecast, Analysis and Prediction

The DAX Index has produced a rather consolidated value range the past few days of trading.

Global risk appetite appears to be increasing and the Nikkei 225 Index is enjoying a positive ride higher as it creates better value for investors.

The price range of 20.25000 to 20.56000 remains a ferocious short-term testing ground for the USD/MXN.

Still making new long-term highs.

Overconfidence while trading can be dangerous and produce staggering losses against a trader.

Before the COVID-19 pandemic forced the global economy into a recession, the labor market in South Africa was depressed.

India watched from the sidelines as the world's largest trade deal was signed.

The US dollar broke down against the Japanese yen during the trading session on Friday, breaking down significantly below the ¥105 level.

The Australian dollar rallied during the trading session on Friday, breaking back above the 0.7250 level.

The Bitcoin market has fluctuated during the trading session on Friday, as we have broken above the $16,000 level.

The NASDAQ 100 pulled back slightly to kick off the trading session on Friday, but then turned around to reach towards the 12,000 level.

The S&P 500 initially pulled back during the trading session on Friday, but then turned around and went to the upside.

Gold markets rallied during the trading session on Friday, breaking above the highs of the previous three sessions from the week.

Silver markets rallied significantly during the trading session on Friday, breaking above the 50-day EMA in a push higher.

The West Texas Intermediate Crude Oil market fell slightly during the trading session on Friday, breaking well below the 200-day EMA.