Weekly Forex Forecast – Weekly Forex Trading Analyses

After starting last week below 57.000 USD, WTI Crude Oil found itself above the 62.000 ratio on Friday before going into the weekend, and now day traders have suspicious speculative activity to contemplate.

The GBP/USD went into this weekend near the 1.34238, which a rather solid bullish improvement compared to the low seen on Tuesday the 14th of October when the currency pair was near the 1.32500 vicinity.

Last week saw the continuation of existing bullish trends until the end of the week, when several precious metals came crashing down, although Gold and the US stock market held up and remain relatively bullish.

WTI Crude Oil has gone into this weekend below the price seen the previous weekend, this as the commodity stands around the 57.240 mark before trading opens early tomorrow morning.

Get the latest weekly forecast on key markets—currencies, gold, silver, oil, and NASDAQ 100, analyzing trends and trading opportunities.

Last week saw the continuation of existing bullish trends, but President Trump’s new tariff threat against China late Friday sent stock markets crashing, leaving the bullish focus on precious metals and injecting fear and uncertainty into equity markets.

The EUR/USD went into this weekend near the 1,16197 ratio, this after touching lows on Thursday around the 1,15418 vicinity, and traders should brace for additional choppy results in the currency pair.

WTI Crude Oil went into this weekend below 58.000 USD as market turmoil hit all assets in the U.S on Friday afternoon when President Trump ramped up his rhetoric and threats against China.

This week’s forecast reviews gold, silver, oil, and major currency pairs with key support, resistance, and trend outlooks for traders.

Last week maintained the dominant trends seen in recent weeks, with major US stock market indices and precious metals breaking to new record or long-term high prices.

Explore this week’s key market moves in forex, commodities, and crypto. Top levels to watch in gold, EUR/USD, Bitcoin, and more.

Silver rallied again during the trading session on Wednesday and should reach the $48 level before pulling back. At this point, the market is likely to continue to look at the $48 level as crucial, and therefore if we were to break above that level it would obviously be very bullish. Ultimately, this is a market that I think is trying to look at the $50 level, a large, round, psychologically significant figure. However, it’s not necessarily going to be easy to get there, and because of the fact that we now have the US government shutting down and not releasing the Non-Foreign Payroll announcement on Friday, we will be missing some information to make decisions on.