Forex Daily Forecast, Analysis and Prediction

Notably stronger than expected Australian inflation data has pushed the Aussie firmly higher.

Bitcoin has lost short-term momentum, dropping below key support levels, but a developing megaphone pattern suggests a potential for bullish volatility after the Fed decision.

GBP/USD remains under strong bearish pressure below the Supertrend indicator, with a potential drop to 1.3140 likely ahead of the FOMC decision amid weakening U.S. data.

EUR/USD is consolidating within a symmetrical triangle, with technical and fundamental signals pointing to a potential bullish breakout ahead of the FOMC and ECB rate decisions.

As expected, the EUR/USD price has remained within narrow ranges at the start of this week's trading, pending the market and investor reaction to the policy announcements from both the US Federal Reserve (Fed) and the European Central Bank (ECB).

Gold prices dropped below the key $4,000 level on Tuesday as easing geopolitical tensions and anticipation of a Fed rate cut triggered profit-taking and bearish momentum.

The euro continued its strong rally against the Japanese yen on Monday, fueled by risk-on sentiment and expectations of further yen weakness ahead of central bank meetings.

The USD/JPY pair climbed on Monday amid improved US-China trade sentiment, with resistance at ¥153 as traders await rate decisions from the Fed and Bank of Japan.

The British pound remained under pressure against the US dollar on Monday, struggling near resistance at 1.34 as traders await the Fed’s rate decision.

Bitcoin briefly rallied above $116K on Monday before retreating, forming a possible W pattern with support near $110K and resistance at $120K as risk sentiment improves.

USD/CAD rebounded on Monday, holding firm near 1.40 as traders brace for interest rate decisions from both the Fed and Bank of Canada amid ongoing bullish pressure.

The Nasdaq 100 surged on Monday, breaking above its channel resistance and signaling a potential bullish continuation toward the 26,000 level amid trade optimism.

The euro posted a quiet rise on Monday, hovering near the 50-day EMA as traders await guidance from the Fed and ECB amid sustained US dollar strength.

Silver tumbled more than 4% on Monday, signaling exhaustion after a prolonged rally, as traders question the sustainability of gains despite looming Fed rate cuts.

Amazon stock gapped higher on renewed US–China trade hopes and may test the $240 resistance level, with bullish sentiment intact ahead of Thursday’s earnings.