Forex Daily Forecast, Analysis and Prediction

Crude oil prices face headwinds heading into November 2025, with robust global supply from the U.S., OPEC, and Russia keeping prices subdued.

USD/JPY broke above the key 153 resistance level on Thursday, fueled by a stronger U.S. dollar and renewed yen weakness.

The euro experienced heightened volatility on Thursday following the ECB rate decision and FOMC fallout. Despite fluctuations, EUR/USD remains range-bound between 1.1550 and 1.17.

The US dollar gained against the South African rand on Thursday, rising toward the 50-day EMA near 17.38. Despite renewed dollar strength post-FOMC, the 7% interest rate in South Africa continues to support rand holders.

The German DAX index continued its sideways trend on Thursday despite the European Central Bank's latest rate announcement.

Silver extended its recovery on Thursday, bouncing from the 50-day EMA and approaching key resistance at $48.50.

Crude oil continues to struggle beneath the $62 resistance level, as traders weigh high global supply, sanctions noise, and a soft economic outlook.

Natural gas prices are consolidating after a sharp gap higher, driven by the seasonal rollover into the December contract.

The GBP/USD pair reversed sharply after failing to break above 1.32, with the US dollar gaining broad strength. With the pound breaking key technical levels, short-term rallies now look like selling opportunities.

AMD appears ready for a near-term pullback, with traders watching support around $240 and $200 as potential buy zones ahead of its earnings report.

Gold remains volatile near the $4,000 mark as traders weigh recent gains against growing downside risks. Unless prices break above $4,200, the market appears to have peaked for now, with pullbacks likely and support around $3,800.

The EUR/USD pair is showing renewed bearish momentum after failing to hold above 1.1600, pressured by a stronger U.S. dollar and cautious Fed outlook.

Gold (XAU/USD) is facing downward pressure following a post-Fed rebound in the US Dollar. With resistance holding below $4,000, technical indicators point to further downside.

The U.S. Federal Reserve aligned with market expectations for an interest rate cut this week, as Chair Jerome Powell announced a 25-basis-point rate cut on Wednesday, sparking a buy-the-rumor, sell-the-news reaction in Bitcoin (BTC) and the broader crypto market.

USD/MXN is showing a modest rebound, but the broader downtrend remains intact as peso strength continues to dominate due to favorable rate differentials and strong economic ties to the U.S.