Forex Daily Forecast, Analysis and Prediction

The Turkish Lira remains stable despite another rate cut by the central bank, as President Erdoğan supports the decision, with USD/TRY maintaining its bullish trend toward 36.75.

Gold prices continue their upward momentum toward $3000, driven by a weaker US dollar, geopolitical tensions, and rising central bank purchases, with investors eyeing US inflation data for further direction.

The EUR/USD pair continues its bullish momentum, reaching a 4-month high amid US dollar weakness driven by Trump's tariffs and economic uncertainty.

GBP/USD gains momentum toward 1.30 as US dollar weakness persists due to tariff concerns and rising rate cut expectations.

USD/JPY falls to a 5-month low as yen strength continues, with traders watching key support levels for potential buy opportunities.

Silver plunges after weak US jobs data, fueling concerns over industrial demand, with traders watching key support levels at $31.50 and $31.

The British pound rebounds from ¥190 against the yen, but market volatility persists as traders assess risk appetite and interest rate differentials.

The S&P 500 breaks below the 200-day EMA, suggesting further downside as recession fears rise, though long-term investors may find future buying opportunities.

The euro continues to gain against the US dollar, driven by rising German bond yields, though overbought conditions hint at a possible short-term pullback.

Gold stabilizes above $2900, forming a bullish flag as traders anticipate a breakout amid economic uncertainty and geopolitical risks.

USD/MXN retreats as postponed US tariffs ease market fears, with traders eyeing key support levels amid ongoing trade uncertainty.

Ether’s (ETH) price continues to struggle, particularly against Bitcoin, threatening more potential downside for the world’s second-largest cryptocurrency.

The USD/ZAR hovers in a lower range, but growing economic and political uncertainty in South Africa could shift sentiment, making resistance levels crucial.

The Australian dollar remains under pressure against the Swiss franc, testing key support at 0.55, with a possible move to 0.54 if risk-off sentiment persists.

The New Zealand dollar's failure to rise against a weakening US dollar highlights risk-off sentiment, with key support at 0.5650 and 0.55.