Forex Daily Forecast, Analysis and Prediction

Silver remains choppy near $70 as falling US rates support prices, while traders watch the 200-day EMA for direction.

Gold tests the 200-day EMA as falling US interest rates support the rebound, with traders watching $4,542 and $4,600 resistance.

The NASDAQ 100 pulls back after failing to hold early gains, with traders watching 30,000 support amid renewed geopolitical uncertainty.

AUD/USD holds near 0.7070 as traders await US retail sales data and the FOMC decision for the next bullish breakout signal.

Bitcoin’s recovery stalls near $67,200 as traders take profits and await the Federal Reserve interest rate decision.

GBP/USD edges higher as traders await UK inflation data, the Fed decision, and the Bank of England meeting for the next breakout signal.

EUR/USD: Bullish Sequence Continues

Gold rebounds from recent lows as traders watch $4500 resistance for confirmation of a stronger bullish reversal.

EUR/USD attempts a corrective rebound within a bearish channel as traders watch 1.1700 resistance and the Fed decision for direction.

The SP 500 is trading via its futures value near the 7,568.00 mark as of this writing, on last Thursday the index was near a low of almost 7,235.00, this as another sea change in sentiment has taken place.

The Nasdaq 100 is once again finding fast momentum upwards and is near the 30,660.00 mark via futures trading this morning, this after yesterday’s fast climb up on the cash market.

XRP rebounds on US-Iran truce optimism as traders watch whether a rare bullish setup can drive a breakout toward higher targets.

The DAX jumped higher at the open on Monday, as traders continue to watch the Middle East for clues at this point. The markets are looking towards the idea of Friday being a step in the right direction with the agreement signing.

USD/CHF pulls back as US rates fall, but interest rate differentials may still support a rebound above the 200-day EMA.

GBP/USD: Bullish Channel Contained Within Consolidation Zone