Forex Daily Forecast, Analysis and Prediction

As of this writing the USD/INR is trading near the 87.5400 ratio depending on the bids and asks. The spread in the Indian Rupee is wide and this will remain the case going into the weekend as the month of August begins.

The EUR/USD pair extended losses to a 1-month low near 1.1400 as robust US economic data and the Fed's hawkish tone weighed on the euro, reinforcing a bearish trend.

XAU/USD hovers around $3300 as gold attempts to recover from one-month lows, with traders eyeing Fed signals, US data, and tariff news for the next move.

USD/ILS spiked near 3.38840 as traders reacted to Jerome Powell's hawkish Fed stance, with upcoming U.S. jobs data and resistance near 3.40000 in focus.

The USD/SGD pair has surged sharply from multi-month lows amid renewed USD strength following Fed Chair Powell’s hawkish stance and market uncertainty.

Toncoin (TON) is trading around $3.50 today, rebounding sharply after consolidating between $3.10 and $3.35 for much of the past two weeks. The movement has TON testing a critical resistance band, with bulls attempting to regain control.

Negative earnings in each of the past five years, high valuations, and a negative return on equity pushed its share price lower. Bulls and bears will square off at a key junction, but how strong are support levels?

The DAX rose slightly on Wednesday, reflecting cautious bullish sentiment as low volume and EU-US trade deal concerns keep momentum in check near record highs.

The Canadian dollar shows bullish potential against the yen as traders await the BoJ decision, with key levels at ¥108.80 and golden cross momentum building.

The ASX 200 is consolidating near key resistance at AU$8800, and a breakout could lead to a surge toward AU$9000 amid commodity strength and financial sector support.

Bitcoin is trading in a tight consolidation near $120,000, forming a bullish flag with potential for a breakout toward $130,000 if momentum returns.

Excellent profit margins and return on equity were unable to prevent a breakdown in Fortinet. High valuations and worries about how it will fit the AI wave dominate. Should you buy the dip or sell the rally?

The Euro remains under pressure ahead of the FOMC, with traders watching key support levels and Powell's comments for clues on future USD direction.

US Federal Reserve Holds Rates, Warns on Tariff Inflation; Expectation of September Rate Cut Drops Sharply, US Dollar Rises Strongly, Commodities Plummet; NASDAQ 100 and S&P 500 Indices Rise to New All-Time Highs Off-Hours; Trump Announces Tariff Changes for Copper, Brazil and India; Bank of Canada Leaves Rate Unchanged

Meta Platforms is under pressure ahead of its Q2 earnings release and the Fed’s interest rate decision, with traders watching for value on dips toward support zones.