Forex Daily Forecast, Analysis and Prediction

GBP/USD remains bearish amid BoE rate policy uncertainty and dollar strength, with key support at 1.2475 and resistance at 1.2800 marking critical levels.

The US dollar initially did try to rally during the trading session on Friday, but gave back the gains rather rapidly as the US dollar is certainly overbought at this point.

Dear my daily analysis of commodity markets, it’s worth noting that the silver market is currently bouncing near the 200 Day EMA indicator, which of course is a strong technical signal.

What markets rallied rather significantly during the trading session on Friday, breaking above the top of the inverted hammer from the Thursday session.

USD/JPY extends its bullish trend, approaching 160.00 as dollar strength persists, supported by diverging monetary policies and resilient investor sentiment.

During my daily analysis of global indices, the German DAX has captured my attention as it has fired off a fairly strong signal via technical analysis.

EUR/USD remains bearish near two-year lows, with economic turmoil, ECB rate cuts, and US shutdown fears signaling further downside potential.

The British Pound rebounded from 1.25 support against the US Dollar, with potential upside to 1.2750, while bond market dynamics continue to influence momentum.

The British Pound rebounded against the Swiss Franc, forming bullish signals near key EMAs as rate differentials and Swiss policy shifts support further gains.

The US dollar fell against the Swiss franc, testing key support levels as rate dynamics favor a potential bounce, supported by the "golden cross" formation.

The USD/MXN has been able to continue trading near the lower parts of its near-term values as sentiment among financial institutions appears to have stabilized momentarily.

The US dollar pulled back against the Canadian dollar, testing support at 1.42 while resistance at 1.45 limits gains, with interest rates driving momentum.

The GBP/USD exchange rate was in the spotlight after the Bank of England (BoE) and the Federal Reserve delivered different interest rate decisions.

Risk sentiment has improved since Friday’s PCE Price Index data release, but the bullish recovery here looks very weak and unconvincing.

The Dow Jones rebounded on Friday after a massive selloff, signaling a potential bottoming pattern and continued uptrend despite holiday-induced thin trading liquidity.