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We’ve combined Forex technical analysis and fundamental analysis into one comprehensive weekly Forex forecast so that traders can get a thorough understanding of the market without taking too much time away from their trading. Take a look at one of our featured currencies, or read our full weekly Forex forecast to get a picture of the market that you won’t find elsewhere.
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Last week saw strong and dramatic moves in the market, primarily in the Forex market, with the Japanese Yen advancing by more than 5%, and the US Dollar tumbling after a dovish tilt from the Federal Reserve.
Get the weekly Forex forecast for major currency pairs for the week of August 05-10, 2024 here.
Last week saw a very strongly bullish move in the Japanese Yen, while major stock market indices saw strong selloffs linked to profit-taking against a backdrop of
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Get the weekly Forex forecast for major currency pairs for the week of July 29- August 03, 2024 here.
Last week, market sentiment was sour, and stocks fell quite strongly, especially in the USA. Analysts saw strong and heavy rotation following higher perceived odds of a Trump presidency, while the US dollar strengthened into an area of key resistance.
WTI crude oil price continued its downward trend that started on July 5th and settled at $78.57, its lowest point since June 17th.
The EUR/USD started last week in an upbeat tone as hopes of Federal Reserve interest rate cuts rose.
Get the weekly Forex forecast for major currency pairs for the week of July 22-27, 2024 here.
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Following the long holiday weekend in the U.S, speculators returned to the WTI Crude Oil market and trading incrementally produced lower prices starting last Monday.
Political intrigue has been a strong discussion point among many analysts regarding the outlook for the EUR/USD.
Bitcoin holds $56.5K, Silver near $31, DAX targets €19K, EUR/USD strong at 1.09, S&P 500 above 5600, and more insights.
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Comments from Fed Chair Jerome Powell and lower than expected global inflation data releases boosted risk-on sentiment, sending the US Dollar lower and riskier assets like equity indices to new record highs.
Friday’s trading in the GBP/USD produced solid gains early and managed to go into the weekend extending the climb.
Speculators should brace for a test of WTI Crude Oil prices early this week as full trading volumes return to the commodity.