Weekly Forex Forecast – Weekly Forex Trading Analyses

The price of WTI Crude Oil started last week around the 85.000 ratio, this after the previous weekend’s loud developments between Iran and Israel.

Get the weekly Forex forecast for major currency pairs for the week of April 22-27, 2024 here.

The GBP/USD which had been trading high on late Tuesday and seemed to be sustaining value on Wednesday, abruptly was walloped by stronger than anticipated U.S CPI.

Higher than expected US inflation data and tension in the Middle East saw the US Dollar gain while stocks and most commodities fell.

Traders with open positions in WTI Crude Oil this weekend are likely paying attention to the news developing between Iran and Israel.

Get the weekly Forex forecast for major currency pairs for the week of April 15-19, 2024 here.

Weekly Forex Forecast: S&P 500, NASDAQ up; Gold, Silver soar; BTC, EUR/USD stable.

WTI Crude Oil went into the weekend near the 86.066 USD price as the commodity continued to find buyers.

The EUR/USD ended the week of trading near the 1.08360 mark after a rather brisk five days of trading which provided rather hectic results.

Get the weekly Forex forecast for major currency pairs for the week of April 07-13, 2024 here.

Risky assets remain bullish despite a minor bid in the US Dollar, with commodity markets seeing the most interesting developments as Gold and Cocoa power to record high prices.

Traders expecting a sudden wave of buying to emerge in the GBP/USD and for the 1.27000 level to become a safe haven for the currency pair had their hopes crushed again the past week.

Crude Oil gathered force and reversed higher on Wednesday after hitting lows around the 80.330 ratio on earlier in the day.

Weekly Pairs in Focus: Fluctuations in AUD/USD, DAX, GBP pairs; Gold strong.

WTI Crude Oil will start this week of trading slightly below its starting point on last Monday.