Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair remained in a narrow range and was hovering at the highest level since October last year. It was trading at 0.6700, much higher than the year-to-date low of 0.5914.

Despite economic uncertainty, stubborn core inflation, a slowing labor market, and weakening consumer confidence, the massive investment into AI and data centers has powered equity markets higher. Find out about the best data center stocks to buy now and hold through the boom cycle.

With inflation and inflation expectations uncomfortably high, the potential for an interest rate cut by the US Federal Reserve, and geopolitical risks rising, investors should consider Gold and Gold stocks, with this precious metal trading at all-time highs.

A dismal average return on invested capital, sub-standard annual revenue gains, and insider selling raise red flags. What’s next after a double breakdown in Global Life?

A robust core business, superb free cash flow margins, and industry-leading earnings-per-share growth power a bullish case. More upside ahead for DexCom?

The South African Rand has seen another month of very solid bearish momentum continue in December, as the New Year gets ready to start speculators will wonder if the trend can remain strong.

The NZD/USD is trading within sight of the 0.58100 ratio as holiday trading dominates the Forex market and large financial players are absent from the landscape.

This is turning out to be a massive engulfing bearish candlestick that could create more selling, and if we drop below $70, I think things could get ugly quickly.

The 0.79 level is an area that we’ve been watching for a while here, and it’s acted like a basement, for the market.

For me, the 1.1875 level tells me everything. If we break above there, then the Euro continues towards 1.20 and beyond.

Morgan Stanley just reiterated that they expect data centers to continue to demand Nvidia hardware, and as a result, the AI scenario is still very bullish.

The USD/BRL finished yesterday’s trading slightly above the 5.5700 ratio, as holiday trading hits what is historically a low volume currency pair to begin with as speculators look for opportunities, but likely struggle to find any.

I think right now we’re looking at a market that’s going to bounce around between maybe 154.50 and 158 Yen.

The US dollar has rallied against the Canadian dollar on Monday in what is probably best described as a bit of an oversold condition. If we recover, we will see the US dollar rally against many other currencies at the same time.