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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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The EUR/USD finished the week near the 1.08316 ratio, essentially returning to value the currency pair traversed on Wednesday, this as nervous financial institutions wait for the risk events that are coming.
WTI Crude Oil finished below the 70.000 USD per barrel price as the weekend approached, setting up a challenging week ahead for traders as fundamentals and behavioral sentiment are certain to collide.
Last week saw the US Dollar continue to make strong gains, while Gold reached a new record high. Markets will focus on the US Presidential election of 5th November, and NFP and GDP data releases in the USA.
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The GBP/USD remains within mid-term lows as nervous sentiment has taken hold of global Forex and financial institutions brace for the likelihood of more volatility in the days ahead.
Israel attacked Iran over the weekend, but before traders bet blindly on upside they need to consider a couple of important viewpoints which have become evident in the WTI Crude Oil marketplace.
The 27/10 forecast shows EUR/USD finding support, USD/CHF and NZD/USD facing resistance, while Gold and NASDAQ 100 remain bullish.
USD/MXN builds momentum toward 20 MXN, while Dow Jones 30, GBP/USD, AUD/USD, WTI, and Gold markets show key shifts and potential breakout opportunities.
The market experienced a week of mixed performance, with some currencies showing signs of potential reversals while others faced continued volatility.
The GBP/USD went into this weekend challenging the lower part of its weekly and monthly price range, this as shifting and nervous sentiment continues to cause a storm in Forex.
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WTI Crude Oil went into the weekend near the 75.645 ratio as traders kept the commodity in the higher elements of anxious price realms as Middle East concerns and Hurricane Milton roared.
Last week saw a huge rebound in the Forex market in favour of the US Dollar following very strong US jobs data, although some risky assets, notably stocks and precious metals, held up firmly against the greenback.
Nervousness is the pervading theme in the EUR/USD for the moment and the currency pair went into this weekend near the 1.09750 level.
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WTI Crude Oil went into this weekend near its highs as speculative chatter about the conflict in the Middle East clearly drives nervous behavioral sentiment.
Get the weekly Forex forecast for major currency pairs for the week of October 7-12, 2024 here.
The GBP/USD touched values it had not traded since late February of 2022.