Forex Daily Forecast, Analysis and Prediction

The US dollar extended gains against the yen on Thursday, consolidating between 146–149 as traders await the BoJ’s decision that could trigger a breakout or sharp reversal.

The euro failed to extend gains on Thursday, holding near 1.18 as traders weigh the Fed’s rate cut and await confirmation of a breakout toward 1.20 or a return to consolidation.

The EUR/USD pair corrected lower after hitting a 4-year high as traders digested the Fed’s 25bp rate cut, but the bullish outlook toward 1.2000 remains intact.

Gold (XAU/USD) stays bullish after the Fed’s rate cut, with traders watching $3,560 support for new buy opportunities and resistance targets at $3,710–$3,760.

Polkadot (DOT) is pressing $4.52 resistance with bullish momentum, but the next daily closes will decide if it breaks toward $4.60–$5.00 or slides back toward $4.30.

The S&P 500 bounced from Fed-driven volatility to record highs near 6,660, but traders must watch 6,670 resistance and 6,649 support as choppy sentiment persists.

The Nasdaq 100 is trading at record highs above 24,400 after the Fed cut rates, but traders should watch for volatility with 24,450 resistance and 24,401 support in play.

The US dollar weakened versus the Indian rupee, slipping under ₹88 as traders await the FOMC’s guidance, with key support at ₹87.40 and ₹87 in focus.

Meta stock slipped ahead of the Fed meeting, but strong AI prospects and key $500 support suggest buyers remain in control.

Ethereum continues to consolidate near $4,500, with the FOMC decision and Bitcoin’s momentum likely to determine its next explosive move.

The DAX continues to weaken, with 23,000 acting as critical support as German layoffs and global slowdown fears weigh heavily on the index.

USD/MXN rebounded on Wednesday, testing resistance at 18.50 as traders await the FOMC decision and press conference that could trigger sharp volatility.

Contracting profit margins, a high debt-to-equity ratio, and falling income potential from fixed income do not bode well for this bank. Is a breakdown pending?

An excellent return on invested capital, superb operating margins, and a total shareholder return of almost 50% over the year make a compelling investment case. Should you buy the sell-off?

The launch of the first Dogecoin ETF ($DOJE) signals a new era for memecoin investing, with analysts predicting major inflows, rising legitimacy, and potential to ignite the next crypto bull run.