Forex Daily Forecast, Analysis and Prediction

The US dollar advanced against the Swiss franc on Thursday, driven by carry trade flows and expectations that the SNB will resist further franc appreciation.

The S&P 500 showed resilience on Thursday, with dip buyers pushing the index higher as investors eye upcoming earnings reports and strong US retail data.

The euro weakened further against the US dollar on Thursday, as strong US data and diverging central bank outlooks continue to support defensive dollar flows.

The Australian dollar hovered near the 0.67 level on Thursday, with choppy trading driven by RBA policy expectations and China's improving growth outlook.

The Mexican peso extended gains against the US dollar on Thursday, driven by carry trade flows and expectations of slower rate cuts amid persistent inflation.

Despite choppy intraday moves, USD/JPY remains supported at 158, with traders favoring the dollar as the carry trade and dovish Bank of Japan policy support a continued uptrend toward 160.

The British pound continues to test key resistance against the Swiss franc, with a breakout above 1.0807 potentially confirming a bullish trend shift.

Bitcoin shows renewed strength as buyers defend $95K support, eyeing a breakout above the 200-day EMA and a potential rally toward $107,000.

The British pound fell against the US dollar, signaling a potential topping pattern as dollar strength persists and downside targets emerge near 1.32.

Bitcoin eyes $100K on institutional flows and regulatory clarity, while Monero’s 95% surge highlights growing investor demand for privacy-focused crypto.

The NASDAQ 100 pulled back on Wednesday amid geopolitical noise and Federal Reserve uncertainty, but overall price action remains sideways with key support near 25,000.

The EUR/JPY pair dipped on Wednesday due to short-term yen strength from geopolitical risk flows, but structural support and carry trade dynamics favor a rebound and continuation of the broader uptrend.

The USD/SGD pair remains range-bound near 1.2875 as traders adopt a risk-averse stance amid global uncertainty and mixed US inflation signals, favoring short-term caution.