Forex Daily Forecast, Analysis and Prediction

Ethereum continues to consolidate around the 50-day EMA, with strong support below and potential upside driven by broader crypto market trends and regulatory developments.

The Australian dollar has rallied above 0.57, but strong resistance at 0.5850 and ongoing concerns about China's economy suggest caution for further upside.

Despite a sharp decline, the USD/NOK pair remains in an overall uptrend, with traders viewing the pullback as a potential buying opportunity amid market volatility.

The New Zealand dollar has rallied to the 50-day EMA, facing strong resistance at 0.6350, with traders anticipating US dollar strength due to economic concerns in Asia.

The AUD/USD pair is climbing amid a weaker US dollar and rising commodity prices, with investors focusing on the upcoming Fed rate decision and Australia’s CPI data.

The GBP/USD pair is climbing as strong UK economic data and a weaker US dollar support bullish momentum, with traders eyeing the upcoming Fed rate decision.

The EUR/USD pair is gaining momentum ahead of the Fed and ECB rate decisions, driven by a weakening US dollar and improving Eurozone economic data.

Coffee Arabica went into this weekend near 347.75 USD, prior to the close the price of the commodity traversed record highs and showed an ability to climb over the 350.00 level.

The US dollar continues to go back and forth against the rupee near the 86.60 level as the market consolidates after a huge run higher.

The US dollar rallied a bit during the trading session here on Thursday, as it looks like the 0.91 level is being targeted.

The Nifty 50 rallied slightly during the trading session on Thursday, but we still find ourselves hanging around the 23,000 rupee level.

The euro drifted a little bit lower during the trading session on Thursday as we continue to hang around the 0.8450 level.