Forex Daily Forecast, Analysis and Prediction

The British Pound continues to trade sideways against the US Dollar amid low summer liquidity, diverging Fed-market expectations, and softening US economic data.

The Australian dollar remains weak and directionless near the 50- and 200-day EMAs, pressured by global trade fears and underperformance in commodity markets.

The US dollar remains weak against the Swiss franc, stalling near the 50-day EMA as traders weigh a potential bottoming pattern against ongoing market volatility.

The NASDAQ 100 shows signs of stabilizing amid bad U.S. jobs data, as traders anticipate Fed rate cuts and strong tech earnings to continue supporting the uptrend.

USD/CAD remains range-bound between key EMAs as traders await Canadian employment data, with a breakout above 1.38 and the 200-day EMA signaling bullish momentum.

USD/JPY continues to respect its uptrend, with a potential bullish breakout signal above the 148 level targeting 150.50, supported by rate differentials.

Gold remains in a long-term uptrend despite near-term consolidation, with traders favoring dip-buying near key support levels like $3,340 and $3,300.

Nvidia continues to attract bullish interest in premarket trading, with strong momentum likely to push the stock toward new highs as traders buy into any pullbacks.

Investors jumped into AEE ahead of its second-quarter earnings beat. Still, its balance sheet issues stem from high debt levels, value destruction, low operating margins, and a dismal return on invested capital. What will follow the recent price spike?

An excellent return on equity and a growing presence in neuroscience have boosted this stock, but while valuations are sky-high, operating and profit margins are falling. What will happen after price action has formed a double top formation?

AUD/USD is consolidating within a bearish pennant pattern near 0.6472, with technicals favoring a breakdown toward the June low of 0.6375 despite strong Australian data.

Bitcoin steadies above $112K as bulls defend key support despite ETF outflows and macro risks; next target is $120K if momentum resumes.

The GBP/USD pair is consolidating near 1.3300 ahead of a highly anticipated Bank of England rate cut, with bearish momentum likely to extend the downtrend toward 1.3145 if key resistance at 1.3370 holds.

The EUR/USD pair is consolidating near the 50-day EMA at 1.1570 following mixed PMI reports, with upcoming EU retail sales data and Fed policy signals likely to determine its next move toward either 1.1395 support or 1.1700 resistance.

The EUR/USD pair is stabilizing near the 1.15 zone as investors digest weak US jobs data, with rising expectations of a Fed rate cut boosting the euro’s recovery potential toward 1.16 and beyond.