Forex Daily Forecast, Analysis and Prediction

Most analysts forecast muted economic growth over the coming months, while a few believe a mild recession is possible. Equity markets climbed a wall of worry during the second quarter, but will the third quarter bring a correction or an extension of record highs?

The US dollar gained ground against the Canadian dollar on Thursday, breaching the 50-Day EMA and threatening a breakout above the key 1.38 resistance level.

The US dollar continues to consolidate against the South African rand, with a breakout above the 200-Day EMA at 18.16 potentially opening the door to 18.50.

Silver rebounded strongly on Thursday after retesting the $37.50 breakout zone, reaffirming bullish momentum with a near-term upside target of $39.50.

The British pound rallied against the yen on Thursday, targeting a breakout above the ¥200 psychological barrier as improving risk appetite fuels upside momentum.

The US dollar rebounded against the yen on Thursday, holding above the 200-day EMA as yield differentials and Japanese bond market troubles support further upside.

Gold continues to consolidate within a clear $300 range between $3,200 and $3,500, with traders awaiting either a deeper pullback or breakout to reenter with conviction.

DoorDash stock is retreating toward the $230 support level—aligned with Fibonacci retracement and seasonal softness—while setting up for renewed interest ahead of earnings.

The NASDAQ 100 is drifting higher in a low-volume summer rally, with technical confirmation above resistance suggesting further bullish momentum.

Crude oil is recovering with technical signals pointing to further upside, supported by seasonal demand and strong levels near $64–$65.