The Forex market is complicated, but your market analysis doesn’t need to be.
We’ve combined Forex technical analysis and fundamental analysis into one comprehensive weekly Forex forecast so that traders can get a thorough understanding of the market without taking too much time away from their trading. Take a look at one of our featured currencies, or read our full weekly Forex forecast to get a picture of the market that you won’t find elsewhere.
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Market Forecast: FTSE 100, USD/CHF, NZD/USD, EUR/USD, Gold, ASX 200.
Perhaps the EUR/USD exchange rate will be perceived to have gained too much strength by some economists who question the positive momentum of the currency pair as the E.U still faces tough challenges with its economy.
CFD traders of WTI Crude Oil should pay strict attention to the market as it opens early on Monday.
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Last week saw a recovery in risky assets, notably including stock market indices and Gold, following the release of unexpectedly low US inflation data, supported by falling inflation in other countries.
Check out this week’s key pairs: EUR/USD varies, NASDAQ 100 aims for 20,500, Silver targets $31, DAX recovers, WTI remains stable, USD/JPY meets resistance.
Last week saw strong and dramatic moves in both Forex and stock markets. The week started with a wild risk-off decline and ended with a massive recovery, which saw the week finish on a risk-on note.
The GBP/USD pair retreated for four consecutive weeks.
The EUR/USD exchange rate was stuck in a consolidation phase last week.
Get the weekly Forex forecast for major currency pairs for the week of August 12-17, 2024 here.
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The GBP/USD went into the weekend near the 1.27993 level, after touching a low around the 1.27075 earlier on Friday.
WTI Crude Oil has gone into the weekend near its lows for the week and past month.
Last week saw strong and dramatic moves in the market, primarily in the Forex market, with the Japanese Yen advancing by more than 5%, and the US Dollar tumbling after a dovish tilt from the Federal Reserve.
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Get the weekly Forex forecast for major currency pairs for the week of August 05-10, 2024 here.
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.