Forex Daily Forecast, Analysis and Prediction

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?

Comcast has the third-highest dividend yield in the S&P 500, a thriving Universal brand, and a superb return on equity. Yet these were not enough to push prices higher, as investors focused on the rapidly changing entertainment market. This has created an appealing investment opportunity.

BTC/USD slips from recent highs as investor focus shifts to altcoins and anticipation builds around Jerome Powell’s statement on interest rate policy.

AUD/USD maintains its bullish trend within an ascending channel following cautious RBA minutes, with focus shifting to Jerome Powell’s remarks for short-term direction.

GBP/USD trades in a tight range near 1.3500 as traders await Jerome Powell’s policy update, with both bullish and bearish scenarios hinging on upcoming Fed signals.

The Euro gained yesterday on Dollar weakness, but the rise seems to have halted for now.

Gold prices are trading within a neutral-to-bullish channel above $3,300, supported by Fed dovishness and trade war risks, with targets set toward $3,400 if momentum persists.

EUR/USD remains under bearish pressure within a counter-trend channel, with technical indicators suggesting potential for further downside toward 1.1440 as market sentiment dominates.

Ether (ETH) price rallied toward $4,000 at the week-open on Monday, a level not seen since December 2024, fuelled by hopes of increasing crypto regulatory clarity and persistent spot Ethereum exchange-traded fund (ETF) inflows.

The US dollar showed bullish momentum against the Indian rupee on Friday, approaching key resistance near ₹87 while supported by EM risk and global trade concerns.

The euro is under pressure against the Swiss franc, testing the critical 0.93 support zone, where buyers may step in—or risk a drop to 0.92 if it fails.

The DAX index faces strong resistance at €24,500 but remains in a long-term bullish trend, with potential for a breakout toward €25,000 if momentum builds.

The Canadian dollar is gaining strength against the Japanese yen, with technical signals pointing to further upside if the ¥108 level holds and the golden cross confirms.

The GBP/CHF pair plunged to test the 1.07 support level, with market direction hinging on global risk sentiment and Swiss franc strength near a key inflection zone.