Forex Daily Forecast, Analysis and Prediction

The US Dollar surged on Thursday as President Trump suggested possible tariff cuts on China, easing trade war fears and boosting global risk appetite.

Gold tumbled Thursday as a US-UK trade deal and upbeat rhetoric on China tariffs sparked a broad risk-on shift, undermining safe-haven demand.

Crude oil rallied sharply following Trump's comments on potential tariff relief, with the $60 resistance level now a key pivot for either a breakout toward $64 or renewed selling pressure.

The US dollar surged against the Canadian dollar Thursday as easing tariff fears boosted USD strength, setting up a potential breakout above 1.39.

Bitcoin smashed through the $100,000 level on Thursday, driven by renewed risk appetite from global trade deal optimism and bullish technical momentum.

The Turkish Lira continues its steep decline, with critical support at 0.0255 threatening a further plunge toward 0.0240 if broken.

The EUR/USD pair continues to trade in a narrow range near key support as traders weigh weak eurozone momentum against Federal Reserve policy uncertainty.

The British pound remains stable near key resistance as traders await the Bank of England's rate decision, with a surprise 50 bps cut potentially triggering sharp volatility.

Gold prices dipped after the US dollar strengthened, but with ongoing uncertainty and trade tensions, the bullish trend remains intact above $3320.

The USD/JPY pair continues to gain strength amid easing trade tensions and dovish central bank signals, with key resistance levels likely to be tested.

The USD/CAD pair is holding at key support as traders await FOMC commentary, with 1.39 acting as a major breakout point.

The German DAX dipped again on Wednesday, pausing its strong rally near €23,500, though the overall bullish trend remains intact.

The FTSE 100 traded flat on Wednesday as investors await Thursday’s Bank of England rate decision, with 8500 and 8700 as key technical levels.

Crude oil briefly hit $60 before retreating as traders weigh OPEC oversupply and upcoming Fed decisions, with $55 and $64 marking key levels.

Gold prices pulled back Wednesday as risk sentiment improved on US-China trade talk news, but the bullish trend remains intact above key support levels.