Weekly forex forecast – EUR/USD, Oil, XAU/USD, XAG/USD [Video]

John Fortune Get Me Trading

Forex pairs & markets covered in this week’s weekly forex forecast & forex analysis:

Forex pairs & markets covered in this week’s Weekly Forex Forecast & Forex Analysis:

USD (DXY), EUR, GBP, CHF, JPY, CAD, AUD & NZD.

Crude Oil, EUR/USD, GBP/NZD, GBP/CAD, EUR/GBP, NZD/JPY, AUD/JPY, EUR/JPY, NZD/CAD, AUD/CAD, EUR/CAD.

Gold analysis - XAU/USD and Silver analysis - XAG/USD.

Author

John Fortune

Get Me Trading

John Fortune is a professional trader and Head Analyst at Get Me Trading. John has over a decade worth of experience in the Financial Markets and produces a Weekly Forex Forecast covering over 30 markets each weekend.

GBP/USD clings to gains near 1.3400

GBP/USD retreats after reaching a three-week high above 1.3430, challenging the 1.3400 yardstick on Thursday. Although easing political uncertainty in the UK helps the quid limit its downside, escalating tensions in the Middle East support the Greenback, keeping Cable under scrutiny.

EUR/USD nudges higher above 1.1400 as traders ramp up their bets on ECB hikes

The EUR/USD pair posts modest gains around 1.1430 during the early Asian session on Friday, bolstered by a softer US Dollar. The European Central Bank is grappling with elevated core inflation, forcing traders to price in more aggressive tightening despite mixed guidance from ECB officials.

Gold holds steady above $4,100 amid subdued USD price action

Gold struggles to capitalize on the previous day's positive move, though it holds above $4,100 during the Asian session on Friday as traders await further developments surrounding the US-Iran saga. The geopolitical risk premium resurfaced amid a fresh escalation of tensions between the US and Iran, which supports the safe-haven US Dollar and acts as a headwind for the bullion. However, less hawkish FOMC Minutes keep USD bulls on the defensive and help limit downside for the non-yielding yellow metal.

BitGo unveils quantum risk management tools for Bitcoin wallets

BitGo has introduced a suite of quantum risk management tools for institutional Bitcoin wallets, aiming to help clients identify, assess and reduce potential exposure to future quantum computing threats before they become a practical concern.

Japan may be changing its Yen strategy, but markets don’t look scared

Japan may be changing its intervention playbook, but that might not be enough to rescue the battered Yen. With USD/JPY hovering at four-decade highs, the currency’s weakness is being driven less by speculative pressure and more by a powerful structural force: the wide US-Japan rate gap.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance.