Forex Daily Forecast, Analysis and Prediction

Price action this week will be determined partly by risk sentiment in the market, and partly by the strength of a belief in an RBA August rate cut.

Microsoft continues its post-earnings surge, climbing above $500 with strong AI-driven momentum and dip-buying interest anchored by the rising 50-day EMA.

The British pound fell below 1.08 against the Swiss franc on Friday, with risk-off flows favoring CHF and a potential test of the key 1.07 support level ahead.

Bitcoin continues its explosive rally toward $120,000 after clearing key resistance at $112,000, with momentum-driven buyers eyeing $125,000 next.

AUD/JPY rallied strongly to ¥97 on Friday, signaling deeper yen weakness as BOJ bond fears grow, with upside potential toward ¥98 and even ¥100.

Gold surged Friday as global tariff tensions reignited, with bullish momentum aiming for a breakout above $3500 and a potential move toward $3800.

USD/JPY surged on Friday toward the 148 resistance level, with a breakout signaling bullish momentum that could carry the pair to 151, backed by strong rate differentials.

USD/CAD pulled back after testing the 50-day EMA near 1.38, with support at 1.3550–1.35 now critical as tariff concerns and broader USD sentiment take center stage.

USD/MXN gave up Friday gains near 18.8 resistance, with the bearish trend intact as strong peso fundamentals point to a potential drop below 18.5 support.

The S&P 500 continues to attract dip-buyers near 6200–6150, with a bullish bias targeting 6300 and beyond as long-term momentum drives the index upward.

Silver broke above $37.50 in a powerful Friday rally, triggering a short squeeze toward the $40 level, with dip-buying now favored in this ongoing bullish trend.

US stock markets inched higher to new record highs, but cloud cover is increasing with the announcement of new US tariffs, notably against Mexico and the European Union at 30% from August. We are likely to see more of a risk-off sentiment in markets this week, which could cause some reversals within long-term trends.

The GBP/USD began last week near its highs as it remained somewhat in sight of the 1.37000 ratio, only to go into this weekend below the 1.35000, this as nervousness was sparked by tariff rhetoric and weaker than expected U.K economic data.

WTI Crude Oil has turned in an upwards incremental price path since the last week in June. The commodity has gone into the weekend with a higher spot price and futures contracts all exhibiting flirtations with higher realms.

Gold steady, silver breaks resistance, DAX consolidates. USD mixed across pairs. Key levels and trends for the week of July 14.