Forex Daily Forecast, Analysis and Prediction

Silver remains under pressure as US interest rates rebound, but the metal is holding above a major $55–$60 support zone. Buyers could return in this area, although bond-market moves and geopolitical headlines remain key risks.

Copper remains supported above the key $6.50 level as the market trades within an uptrend channel. Chris remains bullish, with $6.40 providing additional support and $7 emerging as the next potential upside target.

EUR/USD remains bearish after breaking below the 1.13 level, with French debt concerns overshadowing weaker US jobs data. Sellers continue to control rallies as European energy risks add further pressure to the euro.

WTI crude oil is testing a key support zone around the 50-day EMA, rising trendline and bottom of its trading channel. Buyers have started to emerge, but Middle East headlines could determine the market’s next major move.

Gold remains under pressure as interest rates rebound following the latest US jobs report. Traders are now watching the $4,000 level as a key technical threshold, while energy inflation and Middle East developments add further uncertainty.

Bitcoin Forecast: BTC/USD Tests Key $87,293 Resistance

AUD/USD is showing signs of a short-term rebound after weak US jobs data reduced expectations for further Fed tightening. The pair could rally toward 0.7050 before potentially resuming its broader downtrend.

GBP/USD is showing signs of a potential rebound after weak US economic data reduced expectations for another Fed rate hike. A move toward 1.3350 is possible, with FOMC minutes the next major catalyst.

Major financial markets enter October focused on interest rates, technical levels and macro factors. Gold, currencies, metals, oil and Nasdaq show different areas of market tension.

USD/JPY faces a key test ahead of US Non-Farm Payrolls. A break above ¥159 would be bullish, while a move below ¥156.50 would weaken the outlook, although rate differentials continue to favor the dollar.

USD/CAD tests major resistance after a strong rally, with higher US rates continuing to favor the dollar. A breakout could eventually put 1.45 in focus, while NFP raises the risk of a short-term pullback.