Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair is weakening amid soft inflation figures and technical bearish divergence, with downside risk growing ahead of major US economic data releases.

The GBP/USD pair remains under bearish pressure ahead of the FOMC decision, with technical signals pointing toward further losses toward 1.3250.

The EUR/USD pair has broken down from a bearish double-top pattern, with technical indicators suggesting a likely decline toward the 1.1440 level.

US Federal Reserve, Bank of Canada Expected to Hold Rates at Policy Meetings; Australian Inflation Unexpectedly Drops; US Advance GDP Expected to Rise; US Payrolls Forecast Low

The S&P 500 is trading above the 6,400.00 level this morning in futures markets, this as buying optimism has brought the famed equity index to new heights.

New record heights were made in the Nasdaq 100 early on Monday as investors rushed into the index and managed to sustain solid values throughout the day, today futures trading has produced positive results.

A triple-digit return on equity and healthy profit margins were unable to overcome balance sheet issues and negative earnings-per-share growth in GoDaddy. Will the selloff continue, or should you trust support levels?

A saturated US market and high valuations have combined, with questions about Coinbase’s profitability despite the rise of cryptocurrency volumes and fees during the second quarter. Should you follow the bearish price channel?

Risky assets are sinking firmly as markets back off from the risk-on mood the week opened with, sending the price much lower.

The USD/CHF rallied sharply following the US-EU trade agreement, but a daily close above 0.81 is needed to confirm a breakout from the current consolidation zone.

The British pound slipped on Monday, with 1.3350 emerging as a key technical level amid head-and-shoulders risk and rising USD strength ahead of the Fed decision.

Bitcoin continues to consolidate below the $120K resistance, with low summer volume from Wall Street ETF traders keeping momentum muted.

The Australian dollar remains range-bound, with AUD/USD bouncing between key moving averages as uncertainty over China and the global economy persists.

The euro dropped sharply after the US-EU trade deal, with EUR/USD testing critical support near 1.15 and facing heavy resistance at 1.18.

The USD/JPY pair surged past the ¥148 level and the 200-day EMA, with potential for further gains if ¥149 is cleared amid a volatile week of central bank decisions.