Forex Daily Forecast, Analysis and Prediction

GBP/JPY continues its upward bias, holding above ¥190 support, with traders watching for a potential breakout toward ¥200 amid ongoing yen weakness.

USD/CHF rallies as the Fed holds rates steady with a hawkish tone, while the Swiss National Bank's dovish stance weakens CHF, making 0.91 a key breakout level.

Ethereum stabilizes around $3000, with traders watching Bitcoin’s movement and key levels at $2900 support and $3200 resistance for the next breakout.

The CAC 40 continues to consolidate around €7850, with traders eyeing the ECB meeting and a potential breakout toward €8000 if bullish momentum strengthens.

EUR/AUD saw early gains fade as traders awaited ECB’s rate cut guidance, with China’s economic slowdown pressuring AUD and 1.68 acting as key resistance.

The AUD/USD pair plunged as cooling Australian inflation increased RBA rate cut bets, while Fed policy expectations added pressure, with 0.6130 as the next key support.

GBP/USD remains under pressure near 1.2440 as traders anticipate US GDP data, with downside risks from the Fed's steady stance and BoE’s expected rate cuts.

EUR/USD has retreated below 1.0450 following the Fed’s hawkish stance, with traders anticipating further declines to 1.0250 ahead of the ECB's upcoming rate decision.

The USD/ILS experienced brief volatility early in the week but has since stabilized below 3.60000, with support holding near 3.53000 as traders monitor geopolitical developments.

The USD/MYR holds near 4.4000 amid low trading volumes, with potential for further bearish movement as markets remain cautious post-Fed decision.

EUR/MXN consolidates ahead of the ECB rate decision, with traders watching Mexican tariff risks and key support at 21.00 MXN and resistance at 22.50 MXN.

USD/MXN remains range-bound between 20 and 21 as traders assess Fed policy and potential US tariffs on Mexico, with pullbacks seen as buying opportunities.

Bitcoin struggles for momentum as the Fed's hawkish stance weighs on risk assets, but key support at $100K and $90K suggests ongoing accumulation.

The US dollar continues to strengthen against the Canadian dollar after the Bank of Canada cut rates while the Federal Reserve maintained a hawkish stance.

Silver remains stuck below the $31 resistance level, with traders awaiting a breakout or potential decline amid Fed hawkishness and market uncertainty.