Forex Daily Forecast, Analysis and Prediction

Gold prices hover near $2,646, poised for recovery toward $2,700 if Fed signals dovishness or geopolitical risks revive safe-haven demand.

The GBP/USD pair faces bearish pressure near 1.2615, with UK inflation and economic contraction influencing its path amid crucial central bank decisions.

The EUR/USD pair stays bearish below 1.05, with further losses likely as Eurozone economic pressures mount and US dollar strength dominates.

USD/JPY remains bullish near 153.60, with upcoming Fed and BOJ decisions driving potential moves toward 154.71+ or corrections to key support levels.

The DAX consolidates near 20,500, with pullbacks seen as opportunities in a bullish trend supported by ECB easing and Germany's economic resilience.

During my daily analysis of major currency pairs, I continue to watch the USD/CHF pair, as it has been extraordinarily bullish as of late.

The CAC 40 hovers near 7,400 amidst technical noise and economic challenges, with resistance at 7,600 and a bearish bias favoring further weakness below 7,350.

The British pound falls after a UK GDP contraction, with bearish momentum targeting 1.25 as the US dollar remains strong amidst economic divergence.

The EUR/USD pair has remained under pressure in the past few months as concerns about the European economy continued.

The AUD/USD exchange rate continued its strong sell-off after the moderately dovish Reserve Bank of Australia (RBA) interest rate decision.

The euro jumps against the yen, buoyed by yen weakness and targeting 165 yen, with 155 yen as key support in a volatile but bullish market.

Bitcoin price resumed its strong trend amid strong demand for the coin and as concerns about supplies remained.

Bitcoin consolidates near $100,000, with pullbacks seen as buying opportunities as the bullish trend persists and traders await potential catalysts from the Federal Reserve.

There are two likely pivotal points here today: $1.2626 and $1.2667.

In my daily analysis of the silver market, the first thing I see is that we did in fact fall rather viciously during the trading session on Friday.