Forex Daily Forecast, Analysis and Prediction

Nvidia shares surged 4% toward $185 on bullish AI momentum and strong cash outlook, with pullbacks viewed as potential buying opportunities.

EUR/USD remains rangebound between 1.16 and 1.18 as traders await Thursday’s ECB decision for direction.

USD/JPY remains rangebound near 146.50 with bullish bias intact, supported by interest rate differentials and anticipation of Thursday’s US CPI release.

USD/INR consolidates near 88.00 with potential for a breakout above 88.50 or a short-term dip, as trade tensions and global growth concerns drive sentiment.

GBP/JPY remains bullish above 198.00 support as it tests the major 200.00 resistance, with interest rate differentials and global risk sentiment in focus.

BTC/USD is trading near $113,200 within a rising wedge pattern, indicating a potential bearish reversal as markets price in aggressive Fed rate cuts.

GBP/USD is consolidating above support with a bullish inverse head and shoulders pattern as markets await Fed and BoE rate decisions.

EUR/USD trades with a bullish bias ahead of the ECB decision and US CPI data, supported by a technical breakout setup targeting 1.1830.

The Australian Dollar has been losing ground against the greenback since it made a significant new high yesterday.

EUR/USD is holding above 1.1700 inside an ascending channel, with U.S. CPI and ECB policy updates set to determine whether bulls can push toward 1.1810 and beyond.

Gold hovers near $3,640 after setting a record high at $3,674, with Fed rate cut expectations and geopolitical risks fueling bullish momentum toward $3,700.

The USD/ILS steadied near 3.3360 after briefly spiking on Israel’s Qatar strike, with traders now awaiting U.S. inflation data to guide the next move.

The USD/BRL remains range-bound near 5.4350, with U.S. inflation data expected to trigger volatility as traders prepare for the Fed’s September rate cut decision.

A rising debt-to-asset ratio and stagnant operating margins overshadow its AI appeal in the medium term. Will the bearish price channel lead META to the downside?

Excessive valuations and rising input costs threaten Walmart’s upside momentum. An uncertain economic outlook and waning consumer confidence magnify the bearish impact. How strong is resistance?