Forex Daily Forecast, Analysis and Prediction

Bitcoin and Ethereum surged on renewed institutional demand, Fed rate cut optimism, and strong ETF inflows, with BTC nearing record highs and ETH eyeing a breakout.

The AUD/USD pair is climbing in an ascending channel above key EMAs, eyeing 0.6620 as RBA cuts and soft US CPI fuel Fed rate cut bets.

BTC/USD trades near $120K with bullish momentum fueled by Fed rate cut bets, eyeing $125K if it breaks above the $122,250 double-top resistance.

The GBP/USD pair surged above key resistance at 1.3430 after soft US CPI boosted Fed rate cut bets, with bulls targeting the 1.3600 psychological level.

EUR/USD hovers near 1.17 as weak US CPI and rising Fed rate cut expectations support a bullish breakout toward 1.1830 amid strong technical patterns.

The Australian dollar remains choppy and relatively weak, with 0.6420 as critical support and 0.66 as tough resistance, despite softer US dollar sentiment.

The German DAX remains in sideways consolidation amid low August volumes, with 24,500 as key resistance and 23,500 as major support for the next breakout.

EUR/USD trades near 1.1600 as markets await U.S. CPI and the Putin-Trump meeting, with key levels at 1.1580 support and 1.1770 resistance shaping short-term direction.

Gold prices hover near $3,342 with traders watching $3,290 support and $3,400 resistance ahead of U.S. CPI data, as global risks keep bullish potential intact.

The S&P 500 remains elevated near 6,387 ahead of U.S. CPI data, with traders watching 6,392 resistance and 6,383 support amid choppy but persistent gains.

The Nasdaq 100 is holding near record highs ahead of today’s U.S. CPI release, with traders eyeing 23,575 resistance and 23,535 support amid volatile conditions.

A high debt-to-equity ratio, excessive valuations, and a multi-year contraction in profit margins raise red flags. The CFO cited higher litigation costs in the latest earnings release as a decrease in EBITDA despite higher revenues. Is more downside ahead?

Despite store closings, shrinking same-store sales, negative earnings per share growth, and shrinking revenues, this DIY retailer climbed a wall of worry into a massive horizontal resistance zone. What’s next?

AUD/USD steadies above 0.6510 after the RBA’s rate cut, with bulls targeting 0.6620 ahead of US CPI data while 0.6410 remains key support.

BTC/USD hovers near key resistance at 123,000, with CPI data likely to determine whether Bitcoin breaks higher toward 125,000 or reverses toward 112,000.