Forex Daily Forecast, Analysis and Prediction

The FTSE 100 maintained stability on Thursday, holding near 8700 despite a surprisingly hawkish Bank of England vote.

The USD/CAD pair saw early gains on Thursday but failed to hold them, reflecting continued volatility driven by trade tensions and economic uncertainty.

Ethereum fell sharply on Thursday, erasing Wednesday’s gains and reinforcing its bearish trend.

The British pound rebounded strongly against the yen after testing support at the 50-day and 200-day EMAs.

Gold prices dipped on Thursday following an extended rally, as traders took profits after multiple strong sessions.

The US dollar initially plunged against the Japanese yen on Thursday but quickly rebounded as traders reassessed rate expectations.

Bitcoin declined on Thursday, falling below the 200-day EMA, a key technical level closely watched by traders.

Despite a sharp drop in early Thursday trading, silver remains in a strong uptrend, with key support at $33.33 and potential for a rebound toward $35.

The euro weakens against the US dollar following the Fed’s policy update, with key support at 1.08 determining whether consolidation holds or a deeper reversal begins.

EUR/USD remains in an uptrend but faces resistance at 1.10 as traders assess Fed policy, inflation risks, and Eurozone stimulus impact.

GBP/USD hovers around 1.30 as traders await the BoE decision, with potential for further gains if resistance at 1.3055 is breached, but overbought conditions could trigger a pullback.

USD/JPY experienced volatility after the BoJ held rates steady and the Fed signaled two cuts in 2025, with key resistance at 150.00 and support at 147.70.

Gold prices reached a historic high of $3,052 per ounce, driven by Federal Reserve rate cut expectations, geopolitical tensions, and a weaker US dollar, raising speculation on further gains.

The German DAX continues to attract buyers on dips, with strong support near 23,000 euros and a long-term target of 25,000 euros.

Natural gas prices remain volatile as seasonal demand fades, with key support at $4 determining whether further declines are ahead.