Forex Daily Forecast, Analysis and Prediction

Bitcoin trades near $94,900 before the Fed’s expected rate cut, but bearish technicals and a potential "sell the news" reaction threaten a reversal toward $85,000.

GBP/USD remains bullish above key support at 1.3300 ahead of the Fed's rate decision, with technicals pointing to a breakout toward 1.3400 and possibly 1.3500 if dovish signals emerge.

The supportive area above $1.1600 has continued to hold ahead of the Fed’s policy meeting taking place later today.

EUR/JPY pushes above ¥182 as momentum builds after weeks of consolidation. Support near ¥180 and a favorable, stable rate differential underpin the move, while persistent yen weakness continues to drive the pair broadly higher.

Bitcoin shows resiliency after early-session weakness, with traders watching the $93,000 level for a potential recovery. Conflicting chart patterns and the upcoming FOMC decision add uncertainty, leaving the market cautiously optimistic as it searches for direction.

The USD/JPY pair rallied firmly ahead of the Federal Reserve’s rate decision, with traders watching both the expected cut and the press-conference guidance. A break above ¥158 could open a move toward ¥160, while dips remain favored for buying.

Goldman Sachs continued its strong advance ahead of the FOMC statement, supported by expectations of lower rates, a recent IPO acquisition, and upcoming earnings.

GBP/CHF softened slightly after a strong multi-week rebound, with traders watching support near 1.07 and interest-rate differentials that still favor the Pound.

Crude oil remains under pressure as failed rallies confirm persistent bearish momentum. Supply glut and weak demand cap prices below $60, with further downside likely absent a major shock.

Gold prices retreat slightly to $4176 amid US dollar strength and Fed uncertainty, but technicals remain bullish with traders eyeing $4300–$4340 on a breakout.

EUR/USD trades within an ascending channel near 1.1650, awaiting direction from key US jobs data and the Fed’s rate decision, with technical indicators hinting at a possible bullish continuation.

The S&P 500 hovers near recent highs as traders brace for Wednesday’s Fed decision, with cautious optimism and rate-cut hopes fueling near-term support.

The Nasdaq 100 hovers near recent highs ahead of Wednesday’s expected Fed rate cut, with traders watching closely for dovish signals that could ignite further gains.

A massive negative earnings shock, a significantly undervalued company, and a famed investor’s bullish case. Is a price action recovery ahead for Molina Healthcare?

A saturated and competitive market, 50%+ negative earnings-per-share growth, steep infrastructure costs, and a questionable AI push. Will the correction in GoDaddy continue?