Forex Daily Forecast, Analysis and Prediction

The EUR/USD trades near 1.05 after US CPI data, with traders awaiting ECB and PPI announcements while favoring downside momentum overall.

Bitcoin rallies post-CPI, testing $104,125 resistance with potential to hit $110,000, while pullbacks to $97,000 offer buying opportunities.

Ethereum stabilizes above $3,600 as it follows Bitcoin's momentum, with resistance at $4,000 and a potential breakout targeting $4,400.

GBP/USD steadies at 1.2750, with upcoming US PPI and UK GDP data likely to determine a breakout toward 1.30 or 1.26 in the coming days.

The New Zealand dollar rebounded near key support against the yen, with carry trades and limited yen strength signaling a short-term bounce toward 90.00.

USD/CHF rallies on Fed stability and SNB's dovish stance, with support at 0.88 and potential for higher gains.

USD/CAD remains range-bound, battling resistance at 1.42 and eyeing 1.45, with support at 1.40 offering a strong bullish base.

The US dollar strengthens against the Philippine peso, supported by a break above the 50-day EMA and global risk aversion driving funds into US assets.

The USD/JPY pair rallies, supported by interest rate differentials and the 150 yen level, with a breakout above 153 yen signaling further bullish momentum.

EUR/USD trades near 1.0500 under bearish pressure as US inflation data and the ECB announcement shape market expectations.

Gold breaks $2,700, driven by geopolitical tensions and strong demand, with bulls targeting $2,725 and $2,755 resistance levels.

NASDAQ 100 stabilizes as markets await CPI data, with pullbacks expected to attract buyers amid bullish seasonal trends.

CAD/JPY tests 107.50 resistance, eyeing 108.50 and 110 levels, as short-term pullbacks provide potential buying opportunities amid yen weakness.

The NZD/USD downwards trajectory continues to test the willpower of technical traders as financial institutions have produced new long-term lows amidst obvious nervous sentiment.

The USD/ILS has displayed the ability to challenge long-term lows as behavioral sentiment in financial institutions has taken on improved perspectives and the new price realm is getting tested.