Weekly Forex Forecast – Weekly Forex Trading Analyses
Top Forex BrokersWeekly Forex Forecast – Weekly Forex Trading Analyses
The GBP/USD has continued to deliver fast trading, and the currency pair’s momentum lower late last week was sparked by the Bank of England’s rate decision.
The days ahead for WTI Crude Oil promise to be rather dynamic as the commodity remains within sight of highs and U.S Gross Domestic Product data is delivered later this week.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 24th, 2023 here.
A more hawkish than expected forecast by the US Federal Reserve concerning interest rates has sent the US Dollar higher, stocks lower, and most risky assets have either sold off or failed to rally significantly. However, a few commodities are still enjoying bull markets.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 17th, 2023 here.
The decline within the EUR/USD continued last week and the 1.07000 level has been penetrated, as USD strength remains abundant.
WTI Crude Oil went into the weekend near a price of 87.200 USD as news about production cuts from Saudi Arabia and Russia certainly affected trading last week.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 10th, 2023 here.
The growing consensus that the Fed is done with rate hikes due to US economic data beginning to show a more convincing economic cooling has been called into question, with analysts concerned the US economy is still hot, which would be evidenced by a firm increase in short-term inflation in data to be released this week.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The growing consensus that the Fed is done with rate hikes due to US economic data beginning to show a more convincing economic cooling, risk assets are enjoying a rise, while relative strength in the US Dollar persists.
The EUR/USD went into this weekend once again testing new lows, and bullish traders who have been pursuing upwards momentum continue to be treated with tough conditions.
The GBP/USD went into the weekend within sight of its low for the week, as nervous trading remained abundant, setting up the potential of an intriguing week ahead.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.