Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair will be in the spotlight this week as the Federal Reserve and the Bank of England (BoE) deliver their interest rate decisions.

The EUR/USD exchange rate has crawled back in the past two trading days as the path of a Federal Reserve interest rate cut became clearer.

The Australian dollar has been in a steep freefall in the past few days as concerns about the Australian and Chinese economies continued.

It's worth noting that the Swiss Franc has given up some of its gains.

I see that we are approaching the crucial $2,400 level.

I noticed that we are hanging about and perhaps trying to stabilize.

The first thing I notice is that we are breaking above the 50-day EMA.

The first thing that I notice is that we are stabilizing.

Last week saw a very strongly bullish move in the Japanese Yen, while major stock market indices saw strong selloffs linked to profit-taking against a backdrop of

Get the weekly Forex forecast for major currency pairs for the week of July 29- August 03, 2024 here.

In my daily NZD/JPY analysis, it’s hard not to notice that this has been like a “falling knife” as of late, and therefore sooner or later we needed to see some type of bounce.

In my daily USD/CHF analysis, it’s easy to see that the 0.88 CHF level is an area that we have a certain amount of support at.

The US dollar has extended its run against the Canadian dollar to the upside, and in my daily analysis, I can see that this asset still favors the US dollar over the Canadian dollar.

In my daily analysis of European indices, the MIB 40 in Italy stood out. We gapped lower to plunge quite drastically, and now find ourselves well below the €34,000 level.

In my daily silver analysis, the first thing I notice is that we dropped roughly 4% overnight, as the panic and the computerized continuation of noise continues.