Forex Daily Forecast, Analysis and Prediction

The Bitcoin market was rather ugly during the trading session on Tuesday as the $125,000 level has offered massive resistance. Ultimately, this is a market that I think, given enough time, we probably find buyers looking for some type of value. And it's possible that we could go looking to the $120,000 level. The $120,000 level is a large, round, psychologically significant figure that probably has a bit of market memory. If we break down below there, then the $117,500 level could come into the picture to offer support as well.

The US dollar rose against the Mexican peso during trading on Tuesday, but what could be thought of as somewhat quiet and sideways trading. This does make a certain amount of sense, as there are a lot of questions about the US economy, and of course we have the US government shut down. Remember, Mexico is highly levered to the United States, as it is the world’s largest exporter to the world’s largest economy. While most people think about China in that prism, the reality is that Mexico is a much bigger exporter, at least as far as the Americans are concerned.

On Tuesday, the stock market has been very noisy and of course this has had a significant influence on Nvidia. Nvidia of course is one of the most widely traded stocks, so it does make a certain amount of sense that people would be looking at this market as one that they may try to play any type of momentum in the overall indices.

The euro rose again during the trading session on Tuesday against the Japanese yen, as traders continue to price in the idea of a potentially loose monetary policy coming out of Japan. At this point, traders are blaming it on the election, but I have no idea why they thought Japan was ever going to have any other type of monetary policy. Japan has been loose for over 20 years now, and quite frankly has a demographics bomb ready to go off that will make it so that they cannot finance their debt with any type of interest at all. Japan is by far the most heavily indebted industrial country in the top tier of economies, and therefore in order to continue to have the economy function, low interest rates are a necessity, not a “wish.”

Ethereum has had a rough Tuesday session, dropping rather precipitously from right around the $4750 level. With that being the case, the market is worth paying close attention to, because it can be used as a bit of a risk barometer, especially when it comes to other cryptocurrency markets. While the Ethereum market is considered to be secondary to the Bitcoin market, and therefore I think you need to be cautious because if Bitcoin continues to struggle, Ethereum is going to get crushed.

The crude oil market has fallen during the early hours on the Tuesday session, only to turn around and show signs of life. It’s worth noting that we are sitting just below the $62 level, which is an area that’s been important multiple times. In fact, the $62 level is the top of an overall support range that drops down to the $60 level. We did touch that $60 level, but now it looks like we are trying to reiterate that important. If we can break out to the upside, that would be an even more bullish sign, but I think over the next couple of sessions, we may see some problems.

The GBP/USD exchange rate remained in a tight range on Wednesday as investors focused on the upcoming Federal Reserve minutes. It also wavered as the US government shutdown continued. It was trading at 1.3420, down by over 2.2% from its highest point in September.

The EUR/USD exchange rate pulled back to its lowest level since September 8 as traders focused on the developments in France, where Emmanuel Macron’s efforts to prevent a political crisis failed. It was trading at 1.1657 on Wednesday, down from the year-to-date high of 1.1920.

Bitcoin price pulled back sharply in the past few days, moving from the all-time high of $126,410 to the current $121,350. The BTC/USD pair pulled back as traders waited for the upcoming Federal Reserve minutes and updates on the US government shutdown.

Platinum via its cash price at the time of this writing is near 1,670.00 USD, this after an early morning high took the precious metal within 1,685.00.

A healthy dividend yield, low valuations, and defensive portfolio qualities make this stock an appealing call. Should you dial up AT&T?

Negative cash flow from operations, declining profit margins, and contracting earnings per share flash red flags. Is more downside ahead for MMM?

The New Zealand Dollar has lost ground since the surprisingly deep rate cut of 0.50% was announced by the RBNZ, while the US Dollar is gaining ground after appearing to bottom out.

The Nasdaq 100 powered above the 25,000 level yesterday, a high of nearly 25,067.00 was seen. As of this morning’s writing via futures trading the Nasdaq 100 is around 24,870.00.

The continued weakness in investor sentiment amid the US government shutdown is increasing demand for gold as a safe haven. According to gold trading platforms, the gold price index rose today, Tuesday, October 7, 2025, to the $3977 per ounce resistance level—the highest in the history of the gold price—and is the closest point to testing the historical resistance of $4000 per ounce, which commodity market experts have increasingly predicted is imminent.