Forex Daily Forecast, Analysis and Prediction

GBP/USD hovers near 1.2738, awaiting US PPI data, with bullish potential toward 1.2840 if market sentiment improves.

Gold surges to $2,721 as US rate cut expectations and Chinese gold purchases boost bullish momentum, with targets at $2,732 and $2,755 in sight.

USD/PKR edges higher near 278.0000 resistance under tight control from Pakistan's central bank, with traders eyeing potential reversals.

USD/MYR pushes to 4.4350 as traders weigh ECB and Fed rate cuts, with resistance at 4.4400 signaling cautious market sentiment.

Bitcoin recovers to $100,500, driven by ETF inflows, Fed rate cut prospects, and favorable crypto policies, with BTC/USD targeting $106,000 resistance.

GBP/USD forms a bearish rising wedge and nears a death cross, with traders eyeing 1.2650 amid UK GDP data and upcoming Fed and BoE rate decisions.

EUR/USD dips to 1.0495 as markets await the ECB’s 0.25% rate cut, with bearish sentiment targeting 1.0400 support.

Aussie bulls push higher on USD weakness, but bearish price channel remains intact.

The EUR/USD trades near 1.05 after US CPI data, with traders awaiting ECB and PPI announcements while favoring downside momentum overall.

Bitcoin rallies post-CPI, testing $104,125 resistance with potential to hit $110,000, while pullbacks to $97,000 offer buying opportunities.

Ethereum stabilizes above $3,600 as it follows Bitcoin's momentum, with resistance at $4,000 and a potential breakout targeting $4,400.

GBP/USD steadies at 1.2750, with upcoming US PPI and UK GDP data likely to determine a breakout toward 1.30 or 1.26 in the coming days.

The New Zealand dollar rebounded near key support against the yen, with carry trades and limited yen strength signaling a short-term bounce toward 90.00.

USD/CHF rallies on Fed stability and SNB's dovish stance, with support at 0.88 and potential for higher gains.

USD/CAD remains range-bound, battling resistance at 1.42 and eyeing 1.45, with support at 1.40 offering a strong bullish base.