Forex Daily Forecast, Analysis and Prediction

Bitcoin (BTC/USD) is forming a bullish flag above key support levels, signaling a potential surge toward $120,000 amid Fed rate cut expectations and institutional demand.

The GBP/USD pair rebounded toward key resistance at 1.3370 ahead of the BoE decision, but technical patterns and stagflation risks signal a likely bull trap.

The EUR/USD pair surged past the 50-day EMA to 1.1660 as Fed rate cut signals and upbeat Eurozone data boosted momentum, with 1.1825 now in focus.

Gold prices continue to climb toward the $3,400 mark as weak US economic data, rate cut expectations, and geopolitical tensions bolster safe-haven demand for XAU/USD.

The EUR/USD pair remains stable but under bearish pressure near 1.1570, as weaker-than-expected US jobs data limits losses while technical indicators point toward a potential drop below 1.1500.

The USD/SGD has retreated sharply from recent highs following weaker-than-expected US jobs data, with the pair now hovering near 1.2870 as traders anticipate potential Fed rate cuts and strong SGD resilience.

The USD/BRL is holding near the 5.50 level as the Brazilian Real surprisingly strengthens despite U.S. tariff threats and political instability, reflecting broader USD weakness and speculative interest.

The New Zealand dollar is clinging to key support below the 200-day EMA, with mounting bearish pressure from global trade tensions and Chinese economic uncertainty.

The British Pound is stabilizing against the Japanese Yen, with price action testing key EMAs as traders assess risk appetite and potential upside toward ¥198.

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.