Forex Daily Forecast, Analysis and Prediction

Ethereum nears $3600 resistance, driven by Bitcoin’s strength and broader crypto trends, with $3300 providing strong support for potential breakouts.

Gold steadies near the 50-Day EMA, with pullbacks offering buying opportunities as geopolitical risks and technical support at $2500 bolster the uptrend.

Silver trades near critical $30 support, with mixed technical signals suggesting potential resistance at $31.40 or a bearish breakdown below $30.

For the second consecutive day, the gold price has been trying to rebound to recoup this week's losses, which reached the support level of $2604 per ounce, following the strength of the US dollar driven by Trump's trade policies.

A surge in sentiment following Trump's absence of threats to impose tariffs on the Eurozone helped the EUR/USD currency pair rebound to a high of 1.0544.

The USD/SGD has managed to come off a high produced yesterday near the 1.35130 ratio, and as of this moment is traversing near important near-term support around the 1.34350 value.

The USD/BRL closed within sight of the 5.8100 level yesterday as its higher Forex rate has begun to show signs of solidifying, this as financial institutions worry about Brazil’s fiscal policy and politics.

The Canadian Dollar has plunged pretty significantly against the Swiss Franc, only to turn around and show signs of strength again.

The FTSE 100 pulled back just a bit during the early session on Tuesday, losing about half a percent.

The US Dollar has fluctuated against the Swiss Franc, but over the past few months, it has quietly rallied, likely slipping under the radar for many observers.

The British Pound continues to find quite a bit of support near the 1.25 level, which could probably be thought of as a massive support level.

The US Dollar again seems to be running out of strength after getting a boost from Trump’s tariff announcement. Direction here looks difficult to predict.

Bitcoin has initially dipped a bid during the early hours on Tuesday but has seen buyers jump in to pick it back up.

The EUR/USD exchange rate remained under pressure as traders reflected on the ongoing risks of a trade war between the US and other partners.

The GBP/USD exchange rate continued its downtrend after hawkish Federal Reserve minutes and statement from Austan Goolsbee.