Forex Daily Forecast, Analysis and Prediction

Gold prices remain in a strong uptrend above $3,400, supported by geopolitical tensions, falling bond yields, and USD weakness, with $3,500 now in clear focus.

EUR/USD climbs back toward 1.1700 as traders await Jerome Powell’s statement and assess ECB policy signals amid looming EU-US tariff uncertainty.

The S&P 500 continues its sharp ascent with strong speculative momentum, pushing toward 6,400 as traders remain wary of looming Fed and tariff uncertainties.

The Nasdaq 100 continues to climb to record highs above 23,000, as bullish momentum, speculative buying, and fear of missing out outweigh policy and tariff concerns.

The British pound bounced strongly from its long-term trendline, clearing the 50-day EMA and reinforcing bullish momentum amid ongoing speculation around US rate cuts.

The US dollar struggles against the Swiss franc as a bearish flag forms near the 0.79 level, with a breakdown likely to spark further selling unless SNB intervention tempers CHF strength.

The US dollar softened against the Canadian dollar on Monday, staying within a well-defined 1.3550–1.3800 range amid light summer volume and stalled trade talks.

The USD/JPY pair is consolidating near strong resistance around ¥148, with technical and fundamental factors supporting a potential breakout toward ¥151 as long as ¥146 support holds.

Meta Platforms (META) rebounds strongly from the $700 support zone following a bullish hammer pattern, with sideways action expected ahead of the July 30 earnings release.

Silver continues to attract buyers on pullbacks, with the $40 resistance in focus and a potential breakout suggesting a move toward $42.50, despite cautious summer trading volume.

Crude oil prices continue to find support near $65, with summer seasonality and rangebound trading pointing to consolidation unless a strong catalyst breaks the $70 ceiling.

The Euro continues to recover against the USD, holding above 1.16 as buyers defend the support zone with potential upside toward 1.1850 amid ongoing Fed and trade policy scrutiny.

The German DAX remains in a firm uptrend, with traders eyeing value on pullbacks and 25,000 as the next bullish target amid continued market resilience.

Gold rallies early Monday, breaking out of a consolidation range with $3,500 as the next resistance, while traders eye short-term pullbacks as value opportunities amid low-volume summer trading.

Dollar General’s plunging profit margins, loss of a core executive to another firm, and rising costs sufficed for a breakdown, while the broader market rallied to fresh highs. Should you go bottom fishing at this discount retailer?