Forex Daily Forecast, Analysis and Prediction

The New Zealand dollar has fallen a bit during the trading session on Friday as we are looking to the 0.5850 level, an area that has offered support a couple of times recently. Ultimately, if we can break down below there, we could see a test of the 0.58 level, and I think it’s possible that we have a “zone of support” in this region. Breaking down below that would be a very ugly turn of events, and it is worth noting that the New Zealand dollar has completely fallen apart over the last couple of days, and things are getting a little overdone.

The German index rally initially during the trading session on Friday, reaching toward the 50 Day EMA, before pulling back a bit. All things being equal, this is a market that is still in the midst of some type of consolidative action, and we are trying to figure out where to go next. Ultimately, if we can break above the 50 Day EMA, that would be a very bullish turn of events, and it could open up a move toward the €24,500 level

Bitcoin fell sharply before rebounding from $112,000 – today will reveal whether this was a spike with a fast recovery, or a sign of significantly lower prices soon.

The GBP/USD exchange rate crashed below the important support at 1.3500 after the Federal Reserve and the Bank of England delivered their interest rate decisions. It was trading at 1.3470 on Monday, down sharply from this month’s high of 1.3732.

The EUR/USD exchange rate retreated for three consecutive days, moving from last week’s high of 1.1920 to 1.1747. It remains much higher than August’s low of 1.1390. The focus now shifts to the upcoming US data and Federal Reserve officials' statement.

The AUD/USD exchange rate pulled back for three consecutive days as the recent rally took a breather after the Federal Reserve interest decision and after Australia published its August jobs report.

Tech stocks have led the post-COVID-19 pandemic bull run, which received a hyper-boost with the release of ChatGPT in 2022, resulting in an AI-led tech rally. Tech stocks promise investors a piece of future growth, but they must accept high valuations and higher risk. Some analysts compare the recent AI-powered rally to the period preceding the Dot Com Crash, and a bubble is undoubtedly forming. Still, many tech stocks offer excellent buying opportunities. Find out about the best tech stocks to buy now!

Natural gas fulfills a crucial role despite the global energy transition to green alternatives such as solar, wind, tidal, and geothermal energy sources. Natural gas burns notably cleaner than other fossil fuels and provides a consistent, non-weather-dependent base load to the energy grid. The liquified natural gas (LNG) sector continues to boom, with global deal-making likely to accelerate. Learn about the best natural gas stocks to buy as demand outstrips supply.

Despite the slight hawkish tilt from the Federal Reserve, stronger than expected US economic data and the 0.25% rate cut were enough to push major US stock market indices firmly higher to new all-time highs, followed by the precious metals Gold and Silver.

The EUR/USD finished this week of trading near the 1.17500 level, but certainly there is much more to the value of the currency pair that needs to be examined as this week gets ready to begin.

WTI Crude went into the weekend around 62.100 USD, this after producing momentum upwards on Tuesday and going above 64.400 but then reversing slightly lower, followed by dynamic selling Thursday and Friday.

Catch up on the latest weekly trends in forex, crypto, and indices. Key levels to watch and what could move markets next.

USD/MXN found support at 18.25 and is attempting a recovery, with resistance at 18.50 and potential upside toward 18.67–19.00.

Gold pulled back to $3650, but the bullish breakout from the $3500 level keeps $3800 in focus as the next major upside target.

Bitcoin surged above $117K, confirming its bullish trend, with a signal targeting $121K while support sits at $113,800 and $110K.