Forex Daily Forecast, Analysis and Prediction

The US dollar initially dropped a bit during the trading session on Thursday, only to turn around and show signs of life again.

The natural gas markets initially drifted lower during the early hours on Thursday, breaking below the $4 level only to turn around and show buyers coming in.

The Nasdaq 100 initially tried to rally during the trading session on Thursday, but as you can see, we have really fallen since then.

The Turkish lira remains under pressure as the Central Bank maintains a tight monetary stance, with USD/TRY showing bullish signals and targeting higher resistance levels.

The EUR/USD continues its bullish trend, supported by weak U.S. economic data and geopolitical developments, though caution is warranted near key resistance at 1.1000.

Gold continues its bullish trend, driven by weaker U.S. inflation and trade uncertainties, with technical indicators pointing toward a potential breakout above $3,000.

GBP/USD remains in an uptrend, nearing the key 1.30 resistance level, as weaker U.S. inflation boosts rate cut expectations and market volatility persists.

Despite USD/JPY's bearish trend, buying opportunities persist as Japan's rising wages fuel inflation concerns, while US rate cut expectations impact market sentiment.

The EUR/USD pair experiences volatility as falling U.S. yields and rising German bond rates support the euro, though economic uncertainty may trigger reversals.

Gold remains bullish, pressuring resistance near $2933, with technical signals pointing to a potential breakout amid global economic and geopolitical concerns.

The British pound continues to rally against the Swiss franc, driven by interest rate differentials and bullish technical signals suggesting a move toward 1.17.

The British pound remains bullish but faces strong resistance at 1.30, as traders navigate economic uncertainty and potential market volatility.

Bitcoin experienced sharp volatility, briefly surging past $85K before pulling back as traders reassessed inflation concerns and Federal Reserve policy expectations.

The USD/MYR currency pair continues to trade within a tight range, as financial institutions remain cautious and speculators look for opportunities amid stable support and resistance levels.

NZD/USD remains range-bound near 0.5700, with resistance at 0.5740 limiting gains as traders await clearer direction from US inflation data and market sentiment.