Forex Daily Forecast, Analysis and Prediction

Despite a sharp Wednesday drop driven by broader risk-off sentiment, the GBP/JPY pair remains bullish overall, supported by strong carry trade dynamics and technical support.

The US dollar slid against the Canadian dollar on Wednesday as disappointing US economic data pressured the greenback ahead of key jobs reports from both countries.

Bitcoin is consolidating around $105K as traders gauge whether the recent rally will continue or pause within a $100K–$110K range before the next breakout.

Silver remains stuck below key resistance at $35.50 following Monday’s rally, with traders eyeing economic cues and potential pullbacks as buying opportunities.

The AUD/USD remains range-bound near 0.6500 as mixed US and Australian data suggest slowing growth, with potential for a bullish breakout if sentiment shifts.

Bitcoin is consolidating within a bullish technical setup as institutional demand surges, with eyes on $110K pending a breakout from the current tight range.

EUR/USD remains bullish ahead of the ECB decision, driven by tariff tensions and soft US job data, with technical signals pointing toward a potential breakout to 1.1570.

Gold prices dipped after early gains on Thursday as traders await Friday's NFP report, but technicals remain bullish with support seen near $3200.

The euro faces selling pressure ahead of the ECB decision, weighed down by soft inflation data, Dutch political instability, and intensifying global trade tensions.

The NZD/USD remains supported above 0.6010 on sustained U.S. dollar weakness, but caution prevails ahead of key U.S. jobs data and global trade uncertainty.

The USD/ILS pair has rebounded from multi-year lows but remains vulnerable to geopolitical tensions and U.S. jobs data, with support holding near 3.5180.

Bitcoin’s recent weak recovery looks in jeopardy, as the record highs of May recede into the distance behind us.

AUD/USD remains stable within a tight range as strong US jobs data and steady Australian growth fuel anticipation of a potential bullish breakout toward 0.6600.

GBP/USD trades near its yearly peak as technical indicators support a bullish continuation, with traders watching UK PMI data and Fed commentary for further direction.

EUR/USD remains in an upward trend ahead of the ECB decision, with bulls eyeing 1.1570 as support holds and market reacts to falling Eurozone inflation and US jobs data.