Forex Daily Forecast, Analysis and Prediction

The Canadian dollar shows bullish potential against the yen as traders await the BoJ decision, with key levels at ¥108.80 and golden cross momentum building.

The ASX 200 is consolidating near key resistance at AU$8800, and a breakout could lead to a surge toward AU$9000 amid commodity strength and financial sector support.

Bitcoin is trading in a tight consolidation near $120,000, forming a bullish flag with potential for a breakout toward $130,000 if momentum returns.

Excellent profit margins and return on equity were unable to prevent a breakdown in Fortinet. High valuations and worries about how it will fit the AI wave dominate. Should you buy the dip or sell the rally?

The Euro remains under pressure ahead of the FOMC, with traders watching key support levels and Powell's comments for clues on future USD direction.

US Federal Reserve Holds Rates, Warns on Tariff Inflation; Expectation of September Rate Cut Drops Sharply, US Dollar Rises Strongly, Commodities Plummet; NASDAQ 100 and S&P 500 Indices Rise to New All-Time Highs Off-Hours; Trump Announces Tariff Changes for Copper, Brazil and India; Bank of Canada Leaves Rate Unchanged

Meta Platforms is under pressure ahead of its Q2 earnings release and the Fed’s interest rate decision, with traders watching for value on dips toward support zones.

The US dollar strengthened against the Canadian dollar following the Bank of Canada's rate hold, with traders now focused on the FOMC press conference for next steps.

The British pound weakens ahead of the FOMC decision, with a close below 1.32 potentially triggering further downside if Jerome Powell signals no rate cuts.

The US dollar is rising against the Swiss franc ahead of the FOMC, with a breakout above 0.8150 signaling bullish continuation if confirmed on a daily close.

The AUD/USD pair extended its bearish slide after soft Australian inflation data and a neutral Fed stance, with technicals signaling a drop toward 0.6300.

The GBP/USD pair has broken key support levels after strong US data and a hawkish Fed, with bearish technical patterns signaling a likely move toward 1.3000.

The EUR/USD pair has crashed below 1.1440 following strong US data and the Fed’s hawkish stance, with bears now aiming for the 1.1200 support level.

EUR/USD remains under bearish pressure as traders await critical economic data and the Fed decision, with key support at 1.1500 likely to influence the next move.

Gold prices remain under pressure below $3334 as investors await the Fed's decision and trade negotiations, with key support eyed at $3270 per ounce.