Forex Daily Forecast, Analysis and Prediction

EUR/USD remains under pressure heading into November, as Fed uncertainty, choppy trading, and weak sentiment continue to weigh on upside potential.

USD/ZAR remains near monthly lows as the South African rand sustains strength, with traders eyeing a choppy but potentially bearish trend in November.

Bitcoin remains range-bound near $113K as traders eye a breakout; lackluster volume hints at consolidation, but volatility could return swiftly.

USD/INR is likely to remain range-bound in November 2025, with sentiment driven by US-India trade dynamics and Reserve Bank of India intervention.

The S&P 500 remains in a strong uptrend into November 2025, with bullish momentum fueled by Fed rate cut expectations and continued global equity inflows.

The NASDAQ 100 remains in a strong uptrend after breaking above 25,000, with momentum favoring a potential move toward 27,000 by month’s end.

The USD/MXN pair remains under pressure below 18.50, with peso strength likely to persist in November unless the Fed signals a major policy shift.

Gold enters November 2025 at a critical juncture after a sharp rally and recent volatility. While technicals remain bullish, growing retail interest and resistance near $4,000 signal a potential pause or pullback.

Crude oil prices face headwinds heading into November 2025, with robust global supply from the U.S., OPEC, and Russia keeping prices subdued.

USD/JPY broke above the key 153 resistance level on Thursday, fueled by a stronger U.S. dollar and renewed yen weakness.

The euro experienced heightened volatility on Thursday following the ECB rate decision and FOMC fallout. Despite fluctuations, EUR/USD remains range-bound between 1.1550 and 1.17.

The US dollar gained against the South African rand on Thursday, rising toward the 50-day EMA near 17.38. Despite renewed dollar strength post-FOMC, the 7% interest rate in South Africa continues to support rand holders.

The German DAX index continued its sideways trend on Thursday despite the European Central Bank's latest rate announcement.

Silver extended its recovery on Thursday, bouncing from the 50-day EMA and approaching key resistance at $48.50.

Crude oil continues to struggle beneath the $62 resistance level, as traders weigh high global supply, sanctions noise, and a soft economic outlook.