Weekly Forex Forecast – Weekly Forex Trading Analyses

The apparent destruction of Iran’s nuclear facilities a few hours ago will likely lead to a very volatile week in the commodities and stock markets, although it could be in either direction, depending upon whether Iran succeeds in retaliating, especially against the passage of crude oil through the Gulf.

Markets consolidate as Bitcoin, gold, and stocks stall. Key resistance levels ahead. Traders await catalysts this week.

The outbreak of war between Israel and Iran has sent Crude Oil soaring, boosted Gold as a safe haven, and has had a chilling effect upon stock markets. The progress of this war over the coming days will be closely watched by traders and investors, and will be the major market driver this week.

Weekly forex and market update with key levels, volatility signals, and trends across major pairs, gold, and Bitcoin.

Risk sentiment continued to improve this week, with early signs of a bullish reversal in the US Dollar dominating Forex markets, while stocks traded a bit higher, and commodities markets were dominated by the strong bullish move to a new 13-year high in Silver.

After a run higher from Wednesday into Thursday that saw the 1.15000 level coming into sight, cautious EUR/USD trading hampered bullish perspectives and the currency pair traversed lower going into the weekend.

After spending most of last week within a well defined and known price range, Friday’s trading saw a run higher and WTI Crude Oil coming within sight of the 64.000 USD ratio.

Volatile week ahead for gold, oil, and FX pairs. Jobs data and key levels could drive short-term moves across major markets.

The GBP/USD correlated to the broad Forex market rather well the past week, after starting near highs and then producing selling, the currency pair showed a slight recovery from Wednesday and Thursday’s lows as some buying developed.

Risk sentiment improved a little last week, but will likely be on the slide again as President Trump announces a doubling of steel and aluminimum tariffs to take effect this week, which will likely put more focus on the global July tariff negotiation deadline.

WTI Crude Oil went into this weekend with a lower price than it began last week, the commodity via futures pricing finished Friday’s trading near 60.100, but that is not the whole story.