Forex Daily Forecast, Analysis and Prediction

Gold prices continue to climb toward the $3,400 mark as weak US economic data, rate cut expectations, and geopolitical tensions bolster safe-haven demand for XAU/USD.

The EUR/USD pair remains stable but under bearish pressure near 1.1570, as weaker-than-expected US jobs data limits losses while technical indicators point toward a potential drop below 1.1500.

The USD/SGD has retreated sharply from recent highs following weaker-than-expected US jobs data, with the pair now hovering near 1.2870 as traders anticipate potential Fed rate cuts and strong SGD resilience.

The USD/BRL is holding near the 5.50 level as the Brazilian Real surprisingly strengthens despite U.S. tariff threats and political instability, reflecting broader USD weakness and speculative interest.

The New Zealand dollar is clinging to key support below the 200-day EMA, with mounting bearish pressure from global trade tensions and Chinese economic uncertainty.

The British Pound is stabilizing against the Japanese Yen, with price action testing key EMAs as traders assess risk appetite and potential upside toward ¥198.

The British Pound continues to trade sideways against the US Dollar amid low summer liquidity, diverging Fed-market expectations, and softening US economic data.

The Australian dollar remains weak and directionless near the 50- and 200-day EMAs, pressured by global trade fears and underperformance in commodity markets.

The US dollar remains weak against the Swiss franc, stalling near the 50-day EMA as traders weigh a potential bottoming pattern against ongoing market volatility.

The NASDAQ 100 shows signs of stabilizing amid bad U.S. jobs data, as traders anticipate Fed rate cuts and strong tech earnings to continue supporting the uptrend.

USD/CAD remains range-bound between key EMAs as traders await Canadian employment data, with a breakout above 1.38 and the 200-day EMA signaling bullish momentum.

USD/JPY continues to respect its uptrend, with a potential bullish breakout signal above the 148 level targeting 150.50, supported by rate differentials.

Gold remains in a long-term uptrend despite near-term consolidation, with traders favoring dip-buying near key support levels like $3,340 and $3,300.

Nvidia continues to attract bullish interest in premarket trading, with strong momentum likely to push the stock toward new highs as traders buy into any pullbacks.

Investors jumped into AEE ahead of its second-quarter earnings beat. Still, its balance sheet issues stem from high debt levels, value destruction, low operating margins, and a dismal return on invested capital. What will follow the recent price spike?