Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair is consolidating near 1.3300 ahead of a highly anticipated Bank of England rate cut, with bearish momentum likely to extend the downtrend toward 1.3145 if key resistance at 1.3370 holds.

The EUR/USD pair is consolidating near the 50-day EMA at 1.1570 following mixed PMI reports, with upcoming EU retail sales data and Fed policy signals likely to determine its next move toward either 1.1395 support or 1.1700 resistance.

The EUR/USD pair is stabilizing near the 1.15 zone as investors digest weak US jobs data, with rising expectations of a Fed rate cut boosting the euro’s recovery potential toward 1.16 and beyond.

Gold prices have rallied for a third straight session toward $3388 per ounce as weak US jobs data and rising rate cut expectations weaken the US dollar and fuel safe-haven demand.

The S&P 500 has rebounded to 6,335 after last Friday's sharp selloff, with bullish sentiment resurging as traders eye a return toward record highs.

The Nasdaq 100 surged back above 23,000 on Monday after last week's sharp reversal from record highs, though market sentiment remains volatile and cautious.

The US dollar climbed against the Swiss franc on Monday, buoyed by rising yields and support near the 0.80 level, as traders watch for a breakout above recent highs.

The New Zealand dollar weakened on Monday, retreating below the 200-day EMA as bearish momentum resumed and global risk sentiment deteriorated.

Natural gas prices fell below the key $3.00 level as mild weather and weak seasonal demand pressure the market toward a potential breakdown below $2.80.

The NASDAQ 100 rallied sharply on Monday, recovering from Friday’s sell-off as technical support holds and bullish momentum looks set to resume.

Crude oil prices fell sharply to start the week, pressured by rising global supply and weakening economic signals, with $65 acting as critical support.

EUR/USD is consolidating near the 50-day EMA after Friday’s surge, with key levels at 1.14 and 1.16 likely to determine the next major move.

The British pound’s rally faltered near the 1.3350 resistance level, with technical signs pointing to a potential decline toward 1.27 if support at 1.3135 breaks.

The USD/JPY pair is consolidating just under the 200-day EMA near 148, with traders watching for a breakout toward 151 or a drop back toward 146 if momentum fails.

The USD/CAD pair is hovering near key technical levels as traders brace for Canadian employment data, with 1.39 resistance and 1.3550 support defining the next breakout path.