Forex Daily Forecast, Analysis and Prediction

Meta Platforms is under pressure ahead of its Q2 earnings release and the Fed’s interest rate decision, with traders watching for value on dips toward support zones.

The US dollar strengthened against the Canadian dollar following the Bank of Canada's rate hold, with traders now focused on the FOMC press conference for next steps.

The British pound weakens ahead of the FOMC decision, with a close below 1.32 potentially triggering further downside if Jerome Powell signals no rate cuts.

The US dollar is rising against the Swiss franc ahead of the FOMC, with a breakout above 0.8150 signaling bullish continuation if confirmed on a daily close.

The AUD/USD pair extended its bearish slide after soft Australian inflation data and a neutral Fed stance, with technicals signaling a drop toward 0.6300.

The GBP/USD pair has broken key support levels after strong US data and a hawkish Fed, with bearish technical patterns signaling a likely move toward 1.3000.

The EUR/USD pair has crashed below 1.1440 following strong US data and the Fed’s hawkish stance, with bears now aiming for the 1.1200 support level.

EUR/USD remains under bearish pressure as traders await critical economic data and the Fed decision, with key support at 1.1500 likely to influence the next move.

Gold prices remain under pressure below $3334 as investors await the Fed's decision and trade negotiations, with key support eyed at $3270 per ounce.

The USD/BRL pair continues to hover near 5.5740 within a tight range, as traders brace for the Fed statement and developments in US-Brazil trade talks.

The NZD/USD pair retreats toward support ahead of the July FOMC meeting, with traders watching the 0.59410 level amid rising market volatility and risk sentiment shifts.

The CAD/CHF pair reversed from resistance near 0.5875, with key levels at 0.58 support and 0.6050 resistance, ahead of the Bank of Canada's rate decision.

The USD/MXN pair failed to hold gains near 18.80 as traders await the Fed decision, with downside potential toward 18.00 if key support breaks.

The USD/JPY pair trades near ¥149 ahead of key central bank decisions, with technical support at ¥146 and potential for a breakout toward ¥151.

Palantir (PLTR) pulled back from highs on Tuesday as traders brace for Monday's earnings report, with buy signals forming near key support and breakout levels.