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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.
Markets were dominated by bullishness in US tech stocks last week, and renewed strength in the US Dollar, while commodity currencies weakened.
The WTI crude oil price stabilized last week even as concerns about more supplies and weak demand remain.
A weekly analysis of silver, gold, forex pairs, and commodities highlights USD dominance, ECB rate cuts, and key levels for WTI crude and NASDAQ.
The EUR/USD notched a second weekly decline in a row after the European Central Bank (ECB) slashed interest rates and the US published the November inflation data on Wednesday.
Weekly forecast highlights Nikkei 225's breakout potential, S&P 500 resilience, GBP/USD targeting 1.30, Gold's recovery, and bearish outlooks for AUD/USD and NZD/USD.
The GBP/USD closed last week having made gains and early trading in the coming days will be watched intently to see if values can be sustained above the 1.27000 level.
The price of WTI Crude Oil fell below 67.000 USD on Friday and remained below the value level going into the weekend, this as speculative buying is finding it hard to create upwards momentum.
Markets were dominated by bullishness in US stocks last week, and Bitcoin’s breakout above the key psychological level at $100,000.
Markets were dominated by renewed bullishness in US stocks last week, as Bitcoin failed to break $100,000 and the US Dollar made a strong bearish retracement.
The EUR/USD climbed from its lows on the 22nd of November which were testing long-term low water from late November 2022, the recent upwards shifts shows behavioral sentiment appears to have solidified but it will be tested quickly.
BTC eyes $100K, metals hold support, ETH targets $4K, while currencies and WTI stay range-bound.
WTI Crude Oil went into this weekend near the 68.480 ratio, the price range of the commodity found durable support near 68.000 most of the week which saw light holiday trading that matched expectations.
Forex markets are seeing a strong US Dollar, which has climbed to a near 2-year high, weakening European currencies such as the British Pound and the Euro, while Bitcoin has climbed to new record highs just below $100,000.
Speculators who have been betting on upside to suddenly emerge in the GBP/USD because they believe the currency pair has been oversold have likely been hit by rather expensive losses.
WTI Crude Oil was able to produce a polite bullish climb last week after testing important support levels last Monday, now speculators may question where reliable resistance might prove durable.
