The US dollar has fallen during the bulk of the week against the Canadian dollar as we are now entering the so-called golden zone between the 50% Fibonacci retracement level and the 61.8% Fibonacci retracement level.
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Weak US employment data and Middle East uncertainty are creating diverging signals across USD/MXN, gold, US stocks, oil, USD/JPY, the DAX and EUR/USD.
Gold, Bitcoin, currencies and equity indices continue to trade around important technical areas as investors weigh interest rates, central bank actions and broader market sentiment.
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This week’s Forex forecast highlights a bullish US Dollar, strong USD/JPY, vulnerable EUR/USD, capped Gold, and WTI Oil driven by US–Iran war risk.
Global markets begin the week with attention centered on interest rates, geopolitical developments and technical levels shaping the behavior of metals, currencies, cryptocurrencies and equities.
Currency markets enter the week focused on dollar momentum, yen weakness, gold price action and oil volatility. Traders continue monitoring interest rates, geopolitical developments and key technical areas across major assets.
Oil, precious metals, equities and major currency pairs remain focused on important technical levels as geopolitical tensions, interest rate expectations and recent economic data continue to shape overall market sentiment.
The US dollar, central bank expectations and geopolitical developments continue to shape global markets. Here's what stands out this week across major currency pairs, gold, WTI crude oil and US equities.
WTI crude oil continues to trade near an important technical zone while geopolitical developments in the Middle East remain central to market sentiment. Recent price behavior highlights the balance between easing risk perceptions and ongoing uncertainty.
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Commodities and major currencies ended the week with limited conviction as traders continued monitoring support, resistance and broader market sentiment.
Weekly review of major markets covering forex, indices and commodities. Focus on EUR/USD, USD/JPY, Nasdaq 100, gold and oil with technical structure and macro flow.
The oil market is entering a new phase shaped by rising supply, lingering geopolitical risks, and technical signals that continue to influence how traders assess WTI price action.
The EUR/USD exchange rate held steady, reaching its highest point since June 22nd after the US published a weak non-farm payrolls (NFP) and manufacturing PMI report. It rose to 1.1437 ahead of key macro data later this week.
The past week brought mixed performance across cryptocurrencies, forex, precious metals and equities. The US dollar continued to shape price action across multiple asset classes.
The EUR/USD went into the weekend near the 1.13823 mark, which was actually an accomplishment for bullish traders considering lows on Wednesday touched the 1.13245 vicinity.