Forex Daily Forecast, Analysis and Prediction

For the second consecutive trading day, the EUR/USD currency pair has attempted to halt its recent sharp decline, which extended to a low of 1.0177, the lowest

The USD/ILS has maintained a rather stable range and continues to show that financial institutions appear to be satisfied with the current price equilibrium of the currency pair.

Gold remains resilient near $2668 as safe-haven demand persists, with US inflation data and dollar movements key to testing $2700 resistance.

EUR/USD approaches parity as US economic strength and Eurozone challenges drive selling pressure, with oversold conditions offering a potential short-term bounce.

GBP/USD finds support at 1.21 amid oversold conditions, with any bounce likely offering selling opportunities as UK and US policy dynamics weigh on the pair.

GBP/JPY rebounds sharply from ¥190 support, though UK challenges and yen strength limit sustained gains in the pair.

EUR/USD extends its decline below 1.02, targeting parity as bearish trends dominate, with any bounce likely presenting short-selling opportunities.

USD/CAD consolidates within a bullish trend, holding key levels as rising US yields and market dynamics influence potential upward movement.

USD/CHF tests 0.92 resistance, eyeing parity as rate differentials favor the dollar, with 0.91 providing key support for potential pullbacks.

Bitcoin consolidates near $90K, with traders eyeing dips as buying opportunities and a potential breakout above $96K to signal upward momentum.

NASDAQ 100 steadies after initial plunge, eyeing a rebound above 21,000 as bond yields and upcoming US inflation data shape market direction.

DAX continues to attract buyers on dips, supported by ECB policy and robust export dynamics, with key levels at 19,750 and 20,500 euros in focus.

EUR/CHF shows signs of recovery, with a bullish outlook hinging on a break above 0.9450 resistance and the 200-day EMA.

GBP/AUD drifts lower but holds 1.97 support, eyeing a potential bounce as UK pound recovery aligns with market resistance near 2.02.

The USD/SGD remains in the higher elements of its price range as it traverses values not seen since October of 2023, this as financial institutions remain nervous about their outlooks.