Forex Daily Forecast, Analysis and Prediction

AUD/USD Forecast Today: Bullish Momentum Builds

AUD/JPY remains trapped in a broad 500-point range, with price hovering near its midpoint.

BTC/USD remains near the $80,000 level as strong ETF inflows and continued institutional accumulation support the broader bullish outlook.

GBP/USD is holding near the lower side of its rising channel and the 50-day moving average ahead of key US inflation data.

EUR/USD remains trapped in a tight range after stronger US jobs data increased expectations for a Federal Reserve rate hike.

The heightened tensions between Iran and the U.S are limiting the hopes of quiet being delivered. However, consideration must be given to the notion the long U.S holiday may allow for large players to seek some form of tranquility on Monday and look for less nervous markets...

The field has repaired once and failed, then repaired again with a wider positive count but a narrower concentration of outsized returns. SOL has since closed Saturday and moved higher, so the lag is now a gap to the repaired field rather than a red week.

EUR/USD remains caught between stronger dollar-rate expectations and technical resistance near 1.17, with 1.15 providing an important downside reference.

Gold, silver, currencies and the Nasdaq ended the week with mixed signals as traders assessed interest rates, economic data and key technical levels.

Coffee Arabica has gone into this weekend near $292.00, this as bearish momentum continued to be seen in the commodity and large players apparently stood largely to the side as prices lowered throughout the week.

The market has priced in a dovish pivot from the Federal Reserve, yet recent messaging from policy officials, notably Kevin Warsh's hawkish tone at Jackson Hole, suggests the consensus may be underestimating the Fed's commitment to maintain higher rates if labor data remains...

This latest data combined with sticky domestic inflation continues to support the AUD/USD as expectations of a September rate hike grow.

USD/CHF has bounced from the 50-day EMA after an early selloff, with the wide US-Swiss rate differential continuing to support the carry trade.

EUR/CHF has eased after Swiss inflation came in above expectations, but the broader bullish trend remains intact. The carry trade and widening rate differential continue to favor the euro, with dips still viewed as potential buying opportunities.