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The GBP/USD generated some buying power this past week, after touching a low of nearly 1.21770 on Monday the currency pair began to incrementally climb higher.
EUR/USD targets 1.05, USD/CAD dips but remains strong, and NASDAQ pushes higher. Focus on key levels like ¥155 for USD/JPY and €21,000 for DAX for potential trade opportunities.
Coffee Arabica went into this weekend near 347.75 USD, prior to the close the price of the commodity traversed record highs and showed an ability to climb over the 350.00 level.
WTI Crude Oil saw its price turn lower last week, this as President Trump was sworn into office and frigid weather hit the U.S, showing speculators likely knew upside momentum had run out of power.
Markets are seeing rising risk-on sentiment as economic data points towards an increasing likelihood of US rate cuts in the foreseeable future.
After opening this past Monday with strong selling and falling below the 1.02000 level, the EUR/USD did show some ability to create upwards momentum, but its price action remains uninspiring for bulls.
WTI Crude Oil did go above the 79.000 USD price level this past Wednesday, a mark not seen since August 2024, but then reversed lower and closing on Friday near the 77.055 ratio.
Get the weekly Forex forecast for major currency pairs for the week of January 20-25, 2025 here.
The GBP/USD was hit by another wave of strong selling last week and concluded trading near the 1.21958 ratio, testing lows not seen since early November 2023.
Markets are dominated by a strong US Dollar and rising US treasury yields, while stocks and other risky assets are performing badly.
WTI Crude Oil prices continued to find buyers as full volume came into the commodity markets and fundamental intrigue has caused consideration of speculative values.
Get the weekly Forex forecast for major currency pairs for the week of January 13-18, 2025, here.
As markets returned from the holiday, the US Dollar regained strength while European and most commodity currencies lost value. Risk sentiment continued to be sketchy despite a possible recovery at the end of the week.
Get the weekly Forex forecast for major currency pairs for the week of January 06-11, 2025 here.
The EUR/USD went into the weekend near the 1.03080 mark, this briefly testing a low around the 1.02235 ratio on Thursday while thin trading conditions prevailed.
