Forex Daily Forecast, Analysis and Prediction

The German index has rallied a bit during the trading session on Tuesday as the markets continue to hover around the 50 day EMA. The 24,000 euro level just above is a bit of a large round psychologically significant figure and a barrier. So, with that being the case, I think if we can get above 24,000 euros, that lets the market go much higher, perhaps to the 24,500 euro uh level. That is the top of the overall range. And therefore, I think you need to pay close attention to whether or not we explode to the upside because if we do, that's where we're going. The market also is worth looking at through the prism of dips being opportunities to buy cheap contracts. When you look at the longer term move, the DAX has been rallying for quite some time.

The US dollar has seen a bit of drifting to the downside in the USD/MXN pair. The Mexican peso has be gaining against the US dollar for some time, as we have been in a downtrend. The interest rate differential favors Mexico, so this makes sense from trend standpoint. This trend has been fairly reliable over the last several months, with a brief sideways movement during the summer. This has quietly been one of the better “sell and hold” situations out there, as you could have collected significant swap being short.

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The US dollar initially rallied against the Canadian dollar on Tuesday but then gave back gains to show there is still a bit of hesitation at the moment, as there are a lot of questions about the Federal Reserve and what its plans are for interest rates going forward. Furthermore, there are some questions as to where things go with the US government and a potential shutdown looming.

The S&P 500 has been very quiet in premarket trading as we are in a region that I think is going to end up being sideways action in general. This does make a certain amount of sense, considering that the market has been in a very strong uptrend for quite some time, and of course we have major news coming out on Friday in the form of the Non-Foreign Payroll announcement in the United States.

The British pound rallied a bit in the early hours of Tuesday, as we continue to see a bit of a bounce at this point. The pair is trying to continue to bounce, but we have a few things above that could cause a bit of an issue. The market has been consolidating for some time, but the market is essentially trying to sort out whether or not it can make a bigger move. With the Non-Farm Payroll numbers coming out on Friday, the market could be a bit quiet between now and then.

The Australian dollar rallied a bit in the early hours of Tuesday, breaking above the previous rectangle to show signs of continuation to the upside. However, the market has been very noisy, and the Australian dollar has been a bit strange to say the least, as it hasn’t gained on the US dollar as strongly as many others had recently. This market has been one that has been a bit lackluster, even when the US dollar was being crushed by the Euro, Pound, etc.

The price seems to have made a very bullish base within a supportive area below and looks likely to rise firmly today, despite the potential resistance near $1.3500.

The USD/MXN is around the 18.29720 vicinity as of this writing with a wide spread being displayed, this as the broad Forex market is operating in full as the U.S government shutdown has begun.

The USD/SGD is near the 1.28900 vicinity in early trading this morning, less than one hour after the U.S government shutdown officially began. Trading action has been calm thus far as financial institutions maneuver.

The EUR/USD exchange rate was flat on Wednesday this week as market participants reacted to the latest government shutdown in the United States and its implications on the American economy. It was trading at 1.1740 up from last week's low of 1.1635.

Bitcoin price has bounced back this week as demand from American investors has rebounded. The BTC/USD pair has jumped in the last three days and is hovering at its highest point since September 22.

The AUD/USD exchange rate rose after the Reserve Bank of Australia (RBA) concluded its two-day monetary policy meeting and did what analysts were expecting. It rose to 0.6615, its highest in a week.

The S&P 500 remains in a powerful uptrend, though October may bring a healthy pullback toward 6,500 as investors digest September’s gains.

Gold remains in a powerful uptrend heading into October 2025, with pullbacks toward $3,700–$3,500 likely to attract buyers as central banks keep demand strong.