Forex Daily Forecast, Analysis and Prediction

Gold remains stuck in sideways trade near key levels, with $3,500 resistance and $3,200 support defining the trend as markets await Jackson Hole.

AUD/USD holds steady near 0.6500, but bearish divergence points to a potential decline toward 0.6400 as traders await Fed signals from Jackson Hole.

Bitcoin struggles near $116K as selling pressure builds, with risks of a breakdown toward $112K unless bulls reclaim resistance around $123K.

The GBP/USD holds near 1.3500, with stronger UK CPI and fading BoE cut bets boosting bullish momentum toward 1.3600 ahead of Jackson Hole.

EUR/USD trades sideways near 1.1665 but a bullish chart pattern points to potential gains, with traders watching Jackson Hole for fresh momentum.

The USD/MXN pair rebounds toward 18.80 after last week’s lows, with traders watching Fed signals and tariff risks for direction in choppy trading.

The USD/ZAR trades near 17.61, with traders watching Fed policy and Jackson Hole, while 17.60 support remains key for a potential move toward 17.50.

The euro steadies near 1.1715, with traders eyeing Ukraine peace talks as a catalyst, while technicals show support at 1.1650 and resistance near 1.1800.

Gold prices recover from recent lows, consolidating near $3353 as traders watch $3400 resistance, geopolitical talks, and Fed policy signals.

The US dollar holds firm against the Canadian dollar above 1.3750, with EMAs shaping support and resistance as trade tensions fuel volatility.

The US dollar steadies against the Mexican peso near key resistance, with traders watching the 18.50–19.00 zone as economic trends shape direction.

Ethereum loses steam near $4,600, with buyers watching $4,200 and $4,000 support as Bitcoin’s weakness caps crypto upside in thin summer trading.

GBP/JPY rebounds near ¥199 as buyers defend support. A daily close above ¥200.20 could spark a rally toward ¥203, with strong EMA support below 197.

The NASDAQ 100 trades sideways on thin summer volume, with 23,250 seen as key support and a breakout above 24,000 signaling renewed bullish momentum.

The latest earnings release sent shares lower, but investors benefit from excellent return on invested capital and superb profit margins. While ABNB is expanding into two core growth markets, two developments have changed my recommendation since last time. Should you buy the dip?