Forex Daily Forecast, Analysis and Prediction

EUR/USD remains under strong selling pressure after six consecutive weeks of declines, as hotter-than-expected US inflation strengthens expectations of another Federal Reserve rate hike.

USD/JPY rallied toward ¥159 on Wednesday after hotter-than-expected US CPI data pushed Treasury yields higher, strengthening the dollar against the yen.

Gold prices fell sharply on Wednesday after hotter-than-expected US CPI data pushed Treasury yields higher, increasing pressure on the non-yielding metal.

AUD/USD reversed sharply on Wednesday after stronger-than-expected US inflation data boosted the dollar and Treasury yields, erasing an earlier breakout above the 200-day EMA.

USD/CAD rallied toward the key 1.43 resistance level on Wednesday after stronger-than-expected US inflation data pushed Treasury yields higher.

Bitcoin is approaching another important test as traders weigh improving expectations for monetary policy against the possibility that inflation will remain stubbornly high.

AUD/USD Forex Signal: 0.7000 Resistance Ahead of US CPI

Bitcoin maintains a bullish outlook as declining US bond yields and Michael Saylor's $100,000 price prediction support market sentiment ahead of US inflation data.

GBP/USD is showing signs of a bullish reversal after finding support near 1.3184, with improving technical indicators suggesting further upside ahead of key US inflation and UK GDP data

EUR/USD has rebounded modestly from recent lows, but the broader bearish outlook remains intact as traders await US inflation data and Federal Reserve commentary.

USD/JPY rebounded from its 200-day EMA on Tuesday as the US-Japan interest rate differential continued to support the dollar.

EUR/AUD remains under bearish pressure as concerns over French debt weigh on the euro, with rallies continuing to face resistance near the 50-day EMA.

USD/CHF continues to attract buyers near the 0.83 level, supported by the interest rate differential between the US and Switzerland.

AUD/USD rallied on Tuesday as easing US Treasury yields supported the Australian dollar, bringing the pair toward the 200-day EMA near 0.6980.

Gold prices remain near the key $4,200 support level, within a broader demand zone extending to $4,000, as easing US Treasury yields offer some relief.