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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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After starting last Monday with some upwards price action buyers essentially ran into a brick wall, and the price of WTI Crude Oil started to track lower going into this weekend with a price of nearly 70.970.
Gold maintains its uptrend with a potential floor at $2800, while EUR/USD and GBP/USD face pressure from US dollar strength. Find the weekly market analysis for key currencies and indices.
Markets are dominated by G7 nations mostly cutting interest rates and a strong US Dollar caused by rates divergence and President Trump’s new and threatened tariffs on imports.
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The EUR/USD went into this weekend near the 1.03560 level, this mark is essentially testing values seen late in the first week of January when nervous conditions were abundant.
Silver and gold rise amid tariff concerns, while Bitcoin and DAX show bullish trends. USD/JPY and USD/CAD eye key levels.
Record values have been seen in Coffee Arabica as the commodity promptly extended its winning streak and musters more buying without any signs of a strong downturn threatening.
WTI Crude Oil went into the weekend near the 73.200 area after seeing a choppy downward week of trading, the commodity also went below 72.000 USD before reversing higher on Friday.
The GBP/USD generated some buying power this past week, after touching a low of nearly 1.21770 on Monday the currency pair began to incrementally climb higher.
EUR/USD targets 1.05, USD/CAD dips but remains strong, and NASDAQ pushes higher. Focus on key levels like ¥155 for USD/JPY and €21,000 for DAX for potential trade opportunities.
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Coffee Arabica went into this weekend near 347.75 USD, prior to the close the price of the commodity traversed record highs and showed an ability to climb over the 350.00 level.
WTI Crude Oil saw its price turn lower last week, this as President Trump was sworn into office and frigid weather hit the U.S, showing speculators likely knew upside momentum had run out of power.
Markets are seeing rising risk-on sentiment as economic data points towards an increasing likelihood of US rate cuts in the foreseeable future.
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After opening this past Monday with strong selling and falling below the 1.02000 level, the EUR/USD did show some ability to create upwards momentum, but its price action remains uninspiring for bulls.
WTI Crude Oil did go above the 79.000 USD price level this past Wednesday, a mark not seen since August 2024, but then reversed lower and closing on Friday near the 77.055 ratio.
Get the weekly Forex forecast for major currency pairs for the week of January 20-25, 2025 here.