Weekly Forex Forecast – Weekly Forex Trading Analyses

The NASDAQ 100 recovered quite nicely during the trading session on Wednesday, as we had pulled back just a bit after the ADP Non-Farm Payroll announcement, only to turn around and see quite a bit of buying pressure despite the fact that the United States government is likely to close down, and people are really sure what that means at times. We’ve been through this before, but ultimately it ends up being a big nothing, and I think that might be the case going forward. Furthermore, we also have the Non-Farm Payroll more likely than not being put off for a while as the United States government closing down will not allow the Bureau of Labor Statistics to release that announcement in a timely fashion on Friday.

Expectations have declined regarding the pace of US rate cuts, while fears of stagflation are again coming out, sending the US Dollar higher, but it is the stellar rise of precious metals to new record highs which really caught the eye last week.

The GBP/USD closed this past week of trading within lower depths around the 1.33985 mark as financial institutions have turned cautious again regarding their sentiment about USD political noise.

WTI Crude Oil went into this weekend with higher prices than it started last Monday’s opening, this as narrative seems to have caused some sentiment shifts for near-term conditions as traders wager.

Explore this week's key market trends: gold rallies, bitcoin falters, forex pairs stay choppy. Catch the big moves and levels to watch.

Despite the slight hawkish tilt from the Federal Reserve, stronger than expected US economic data and the 0.25% rate cut were enough to push major US stock market indices firmly higher to new all-time highs, followed by the precious metals Gold and Silver.

The EUR/USD finished this week of trading near the 1.17500 level, but certainly there is much more to the value of the currency pair that needs to be examined as this week gets ready to begin.

WTI Crude went into the weekend around 62.100 USD, this after producing momentum upwards on Tuesday and going above 64.400 but then reversing slightly lower, followed by dynamic selling Thursday and Friday.

Catch up on the latest weekly trends in forex, crypto, and indices. Key levels to watch and what could move markets next.

The GBP/USD went into the weekend near the 1.35575 as financial institutions have braced for what will prove to be a significant handful of days ahead for the currency pair and the broad Forex market.

Weaker than expected US PPI data sent the major US stock market indices and the precious metals Gold and Silver to new record highs.

WTI Crude Oil has gone into the weekend near the 62.150, and this feels like a rather solid accomplishment considering the loud highlights which took place over the past handful of days.

Explore this week’s forex forecast: GBP/USD at 1.36, Bitcoin eyes $120K, Fed decision looms. Key levels, sentiment & setups to watch.

Weaker than expected US jobs data sent the major US stock market index the S&P 500 and the precious metal Gold higher to trade at new record highs.

The EUR/USD went into the weekend near the 1.17155 ratio, this after touching lows around the 1.16075 value on Wednesday.