Forex Daily Forecast, Analysis and Prediction

GBP/USD Forex Signal: Sell Setups Below 1.3493

AUD/USD pulls back toward the 50-day EMA as rising US yields, Fed rate-hike expectations, oil risks, and a broken trendline pressure the Aussie.

BTC/USD holds steady near key resistance as traders watch CLARITY Act vote odds, Fed rate risk, bullish flag signals, and support near $75,993.

EUR/USD remains under bearish pressure as US yields, oil prices, and Fed rate-hike expectations rise, though a hammer candle suggests a short-term bounce.

The pair entered this week under pressure as market participants have now priced in a near certain U.S. interest rate hike this week and flocked to the safe-haven dollar following escalating tension in the Middle East that has pushed West Texas Intermediate back over $100.

The biggest cryptocurrency by market capitalization experienced volatility in the period leading up to and after the release of the inflation data. This volatility has resumed today as the new week opens, as traders eye new cues that could trigger significant price movements.

Silver's Fed Pivot Strategy Hinges on Wednesday's Critical Rate Signal Announcement

USD/HUF remains range-bound around 315 as softer US yields offset hotter inflation data and improving risk appetite supports the forint.

USD/CHF continues to press against the key 0.82 resistance area as hotter US inflation reinforces expectations for a Fed rate hike.

CAD/JPY is testing the important ¥110.50 area as weaker oil prices weigh on the Canadian dollar and yen strength keeps pressure on the pair.

EUR/AUD remains under pressure as Australia’s higher interest-rate backdrop continues to favor the Aussie despite the ECB’s recent hike.

EUR/CHF has broken above 0.94 as the rate differential continues to support the euro over the Swiss franc. The broader trend remains bullish, with pullbacks viewed as buying opportunities and 0.9640 emerging as the next major upside target.

USD/JPY is attempting to stabilize after recent yen strength pressured the pair. The ¥155 level is the key near-term barrier, while upcoming Fed and Bank of Japan decisions could determine whether the dollar recovers toward ¥156.50–¥157.

AUD/CHF remains supported around 0.58 as the wide rate differential continues to favor the Australian dollar over the Swiss franc.

The USD/MXN remains in the lower part of its long-term range after having moved within lower values in the middle of last week that tested late May 2024 terrain. The slight reversals higher produced since then remain technically intriguing...