Forex Daily Forecast, Analysis and Prediction

EUR/USD faces potential downside after forming a shooting star candle, with technical momentum fading and traders eyeing 1.1500 support ahead of critical inflation and Fed signals.

EUR/USD remains in a neutral range near 1.1600, with traders eyeing PMI data and geopolitical developments for a breakout above 1.1700 or a drop below 1.1500.

Gold (XAU/USD) has resumed its strong bullish trend, breaking above $4220 resistance and aiming for new record highs amid Fed rate cut expectations and geopolitical developments.

Ether’s (ETH) price has plunged below $3,000, erasing last week’s gains and heightening fears of a deeper correction.

USD/CHF remains in consolidation as resistance near 0.81 holds firm, with technical support at 0.80 keeping the pair stable while traders await a breakout.

USD/MXN reversed early gains on Friday, and a breakdown below 18.20 could trigger a move toward 18.00 as traders favor peso strength amid diverging rate expectations.

The British pound is at a critical juncture near 1.32, where a decisive move above or below key technical levels could define the next major trend amid uncertain Fed and BoE rate paths.

The US dollar weakened against the Canadian dollar on Friday as shifting Fed rate expectations drove volatility around the 1.40 level, though broader fundamentals still limit downside.

The NASDAQ 100 pushed higher on Friday, driven by bullish sentiment and a surge in Intel, with traders positioning for a year-end rally and further upside.

USD/JPY slipped slightly in light trading, but remains in a broader uptrend supported by U.S.–Japan policy divergence and continued dip-buying interest above key levels.

Silver soared on Friday due to a powerful short squeeze and low-volume breakout, but extreme volatility calls for cautious position sizing and protection against sharp reversals.

The euro bounced back from early weakness on Friday amid renewed Fed rate cut speculation, but broader bearish pressure remains unless EUR/USD breaks above the 1.17 resistance level.

Bitcoin failed to break above key resistance on Friday, signaling ongoing weakness and raising the likelihood of either a drop below $80,000 or the formation of a broader consolidation range.

Gold surged in Friday’s shortened session, with bullish momentum and strong dip-buying interest pointing toward a potential rally to $4,400 unless key support at $3,950 is broken.

Pledges by NATO countries to boost defense spending provide a tailwind for earnings in the years ahead. Do you know what to look for in defense stocks?