Forex Daily Forecast, Analysis and Prediction

Gold remains trapped in a $300 range as traders await Friday’s US jobs report, with long-term bullish bias favoring buy-the-dip strategies.

The Aussie dollar shows bearish signals as it struggles below the 200-day EMA, with Friday’s jobs report poised to determine the next major move.

The USD/CAD pair extends its rally as US dollar momentum strengthens ahead of the US jobs report, while Canadian trade headwinds mount.

The S&P 500 remains in a strong uptrend heading into August, with low volume suggesting shallow pullbacks before buyers aim for the 6500 level.

Crude oil is expected to continue its choppy sideways range in August between $65 and $70 as traders weigh OPEC output against global trade uncertainty.

The NASDAQ 100 remains in a strong uptrend heading into August, with light volume likely but bulls targeting 24,000–25,000 on any short-term dip.

Gold enters August 2025 locked in a $300 range, with key levels at $3200 and $3500 as summer volume lulls and macro catalysts remain elusive.

The USD/MXN pair enters August in a choppy consolidation phase, with limited volume and resistance near 19.00 as peso strength continues to dominate.

The USD/ZAR has edged higher the past few trading sessions, this as global Forex has seen financial institutions show nervousness ahead of the Federal Reserve interest rate policy and tariff deadlines.

Bitcoin continues to hold onto an elevated price range in which its price around $118,100.00 seems to act like a magnet for the time being as August gets set to begin.

Ethereum has had one of its best trading months ever, having started July around the 2,300.00 ratio, ETH/USD now finds itself near 3,775.00 with the month of August about to start.

The EUR/USD appears set to enter August trading near lows it hasn’t traversed since the second week of June, this as the currency pair is near 1.14395 as of this writing.

As of this writing the USD/INR is trading near the 87.5400 ratio depending on the bids and asks. The spread in the Indian Rupee is wide and this will remain the case going into the weekend as the month of August begins.

The EUR/USD pair extended losses to a 1-month low near 1.1400 as robust US economic data and the Fed's hawkish tone weighed on the euro, reinforcing a bearish trend.

XAU/USD hovers around $3300 as gold attempts to recover from one-month lows, with traders eyeing Fed signals, US data, and tariff news for the next move.