Forex Daily Forecast, Analysis and Prediction

Start the week of August 9, 2020, with our Forex forecast focusing on major currency pairs here.

The Euro has gone back and forth during the training session on Thursday as we await the Non-Farm Payrolls announcement.

The US dollar has gone back and forth during the trading session again on Thursday as the markets get ready for the Non-Farm Payroll numbers.

The Australian dollar has continued to push to the upside overall, reaching towards the highs from the previous session on Thursday, so at this point it looks like we are more than likely going to find buyers

The S&P 500 pulled back slightly during the trading session on Thursday only to turn around and fill the gap.

The NASDAQ 100 rocketed to the upside during the trading session as Apple gave it a bit of a boost.

The British pound rallied during the trading session to break above the 1.3150 level.

The silver markets have rallied significantly during the trading session on Thursday again, as we get set to look towards the Non-Farm Payroll numbers.

The West Texas Intermediate Crude Oil market went back and forth during the trading session on Thursday as we continue to simply kill time in order to figure out what to do next.

Gold markets have rallied a bit again during the trading session on Thursday, reaching towards the $2080 level before pulling back just a bit.

Bitcoin pulled back a bit during the trading session on Thursday but found buyers yet again on that dip.

Turkey continues to feel the impacts on tourism, a pillar of its economy, and a source of cash, from the global Covid-19 pandemic.

Besides the Covid-19 pandemic, where South Africa is the fifth-most infected country globally, the country has to deal with ongoing protests.

For the second day in a row, the EUR/USD pair bounced back upwards after a failed attempt by the bears to reverse the uptrend.

Gold price performance broke all accepted trading rules and analysis.