Forex Daily Forecast, Analysis and Prediction

Silver continues to trade with volatility, holding $37.50 support as bulls eye a potential breakout above $39 toward the $40 resistance zone.

Gold continues to consolidate in an ascending triangle, with $3,500 resistance in focus and the 50-day EMA providing strong support for a bullish breakout.

AUD/USD remains rangebound near 0.65, supported by RBA’s dovish minutes and pressured by US political and economic uncertainty before key GDP and PCE releases.

BTC/USD slumped to six-week lows, with bears eyeing $105K support as Fed policy uncertainty, Trump’s Fed clash, and Nvidia earnings drive volatility.

EUR/USD slipped after US political turmoil and weak confidence data, but technicals point to a potential bullish breakout toward 1.1825.

Sub-standard revenue growth compared to its industry peers, decreasing free cash flow, and eroding returns on capital flash significant red flags. Contracting profit margins add to concerns, but should you sell the rally now?

Shareholder value destruction, limited upside potential based on average analyst price targets, and negative revenue growth over the past year highlight underlying issues. How should you approach this insurance company following a two-day breakdown?

Current developments and energy policy in the US have caused a renewed interest in oil stocks. A fundamental disconnect resulting from bearish sentiment in the sector, and depressed oil prices has created oil stocks with attractive valuations, stable dividends, and notably more upside potential than downside risk. Learn about the best oil stocks to buy today.

On Friday of last week the S&P 500 traded near the 6,485.00 level. Yesterday’s session in the index did see some selling produced, but the higher elements of the S&P 500 known range remained solidly intact. As of this morning the index is around 6,437.00.

Day traders have experienced a whirlwind of results via the Nasdaq 100 the past month. This is not something new for experienced speculators, but even they might be uncomfortable taking into consideration the amount of volatility in the index in recent weeks. In early trading this morning the Nasdaq 100 is near the 23,404.00 ratio. Yesterday saw a high around 23,550.00, which was below the highs seen last Friday near 23,585.00 were challenged.

The GBP/USD exchange rate retreated as the US dollar index rebounded on Monday. It dropped to a low of 1.3450, down from last Friday’s high of 1.3553 as attention turned to key macro data from the US.

The EUR/USD exchange rate pulled back as the recent sentiment on Federal Reserve interest rate cuts faded. The pair was trading at 1.1625, down from last Friday’s high of 1.1740.

Bitcoin price has crashed in the past few days as the recent bull run faded. The BTC/USD pair moved to below 110,000, its lowest level since July 9 this year. It has plunged by 12% from its highest point this year, meaning that it is in a correction.

The AUD/USD exchange rate remained in a narrow range on Tuesday after the latest minutes of the Reserve Bank of Australia (RBA) and as traders reacted to the recent statement from Jerome Powell.

USD/CHF found support near 0.8000 on Monday, with buyers cautiously stepping in while 0.7900 remains the critical longer-term floor.