Forex Daily Forecast, Analysis and Prediction

The US Dollar against the Japanese Yen has been trading in a narrow range and a neutral position in recent trading sessions, but there have been attempts

The USD/INR is within the same price sphere it occupied at this time last week, but the currency pair over the past handful of days has certainly reacted to conditions in global Forex, yet with a calm hand.

As we predicted and confirmed, the attempts of the GBP/USD currency pair to recover remain weak and await further stimulus.

For three consecutive trading sessions, the EUR/USD pair has been moving in a corrective upward trend.

The USD/ILS has fallen to values seen in the spring of 2023, this as financial institutions are clearly feeling more confident about their outlooks regarding Israel’s circumstances.

USD/MYR: The US dollar takes a dive against the Malaysian ringgit and the market looks to get noisy, with all eyes on the 4.4 level to see if USD it will hold a range or drop lower.

USD/MXN: As the US dollar bounces between 20 and 21 pesos, volatility is on the horizon and a potential upside, as traders wait for the US to levy tariffs on Mexico and the market to respond.

DAX 40: While bullish overall, the German index is a little overstretched, so a pullback could offer a great buying opportunity to pick up cheap contracts

GBP/USD: Looking bearish, and having run out of momentum the British pound is struggling against a strong US dollar, and in danger of moving down as far as the 1.21 level.

BTC/USD: Bitcoin has been choppy with a bit of a pullback though it is generally still on an upward trajectory, with all eyes watching the $110,000 level to see if it can break higher.

The GBP/USD exchange rate wavered as focus shifted from this week’s swearing in of Donald Trump to next week’s policy statements by the Bank of England (BoE) and the Federal Reserve (Fed). It was trading at 1.2330, up by almost 2% from its lowest level this month.

USD/CAD: With the threat of tariffs on Canadian goods and government uncertainty, the Canadian dollar is on the back foot and any pullback will likely see a lot of support near the 1.4350 level

The EUR/USD exchange rate was flat and hovering near its highest level since December 30th. It moved slightly above the psychological point at 1.0400, up by 2.40% from its lowest point this month as the US dollar index retreated.

XAG/USD: The market is somewhat bearish and is likely to continue to see a a potential “pairs trade”, with traders buying gold and shorting silver

Bitcoin price remained in a tight range a crypto investors waited for more actions from the Donald Trump administration. The BTC/USD pair traded at 104,450 on Thursday morning, a few points lower than the all-time high of over 109,000.