Forex Daily Forecast, Analysis and Prediction

EUR/USD remains under bearish pressure near three-month lows as Fed hawkish expectations and dollar strength keep sellers in control.

NASDAQ 100 futures rebound in thin holiday trading as buyers continue to defend key support near 30,000 and watch AI-led momentum.

The DAX continues to hover near 25,000 as traders weigh German stimulus hopes, Middle East energy risks, and key technical support.

Copper finds buyers after testing the 50-day EMA as long-term demand from AI, electrification, and supply constraints supports the bullish outlook.

AUD/USD rebounds after testing short-term support as traders weigh Fed rate expectations, commodity influence, and the pair’s broader range.

USD/JPY threatens a major upside breakout as Fed rate expectations support the US Dollar despite possible Bank of Japan intervention risks.

EUR/USD: Bears in Control

Gold drifts lower into the weekend as falling US rates fail to support prices, with traders watching $4,000 support and the 200-day EMA.

Silver remains under pressure despite falling US interest rates, as traders reassess inflation expectations and watch the $60-$70 range.

GBP/USD holds near the key 1.32 support floor as traders watch for a short-term rebound within the pair’s broader range.

EUR/USD rebounds from the key 1.14 support level as traders watch short-term risk appetite, the 200-day EMA, and resistance near 1.16.

WTI crude oil shows signs of forming a range as oversold conditions, thin holiday trading, and supply concerns support choppy price action.

AUD/USD trades under pressure ahead of Australia’s CPI and jobs data, with Fed hawkishness and weak technical momentum weighing on the pair.

Bitcoin holds above $64,000, but weak ETF demand, hawkish Fed pressure, and a bearish flag pattern keep BTC/USD at risk.

The daily chart shows that the GBP/USD pair has slumped in the past few months, moving from a high of 1.3657 in May this year to a low of 1.3165.