Forex Daily Forecast, Analysis and Prediction

The New Zealand dollar failed to sustain early gains on Friday, facing resistance at 0.61 and possibly retreating toward the 0.60 support zone in a range-bound market.

The NASDAQ 100 continued its strong rally Friday, driven by cooling inflation data and easing trade tensions, with buyers eyeing the 23,000 level.

Nvidia has broken to all-time highs, driven by strong AI infrastructure demand and renewed trade optimism, with technicals signaling continued bullish momentum.

Gold dropped sharply on Friday, breaching the 50-Day EMA, with traders eyeing $3200 as a potential swing trade entry or a rebound above resistance.

The Australian dollar remains stuck below the key 0.6550 level, as trade optimism fails to overcome gold weakness and market hesitation.

The US dollar is showing signs of bottoming against the yen near 145, as bond market dynamics and Japan’s monetary constraints limit yen strength.

The S&P 500 surged to record highs on Friday, breaking out of a price channel as optimism over trade deals and rate cuts fuels a potential FOMO rally.

The US dollar is attempting to find support near the 0.80 level against the Swiss franc, prompting speculation of a potential long-term reversal.

Germany’s DAX index continues its bullish run, with short-term pullbacks seen as buying opportunities as traders eye the 25,000 level.

Bitcoin remains range-bound around $107,000, with traders watching for a breakout above $112,000 to confirm bullish momentum toward $120,000.

In July 2025, USD/MXN may continue to decline toward 18.50 unless a US downturn triggers a reversal, with interest rate differentials favoring the peso.

After a dramatic rise and fall in June, WTI crude oil is poised for a slow bullish recovery in July, supported by seasonal demand and strong technical support at $65.

Gold prices may remain range-bound in July 2025, but a breakout beyond $3500 or a drop under $3200 could trigger a major directional shift.

The NASDAQ 100 looks poised for further upside in July following a breakout above 22,200, though tariff uncertainty and external risks could stir volatility.

The end of the Iran war with a clear US / Israeli victory and the possibility of an end to the war in Gaza, coupled with renewed risk-on bullishness which has sent US stock market indices to new record highs, is creating an increasingly strong risk-on environment that is seeing a major selloff in the US Dollar continue.