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Weekly forex forecast: EUR/USD, XAU/USD, DXY, GBP/USD, Bitcoin and more [Video]

John Fortune Get Me Trading

Join me for my weekly trading plan with this week's forex analysis covering:

DXY, EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, NZD/USD.

AUD/JPY, CHF/JPY, AUD/CAD, GBP/CAD, EUR/NZD, EUR/AUD.

Bitcoin analysis – BTC/USD.

Ethereum analysis – ETH/USD.

Gold analysis – XAU/USD.

Silver analysis – XAG/USD.

Crude Oil analysis – WTI.

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.

AUD/USD leans on a China prop that's quietly buckling

The Australian Dollar spent Monday trying to talk itself into a recovery, and the tape was not buying it. AUD/USD has ridden a China-and-commodities narrative for months, one that conveniently glossed over how shaky both legs of that trade have become, and Friday's Nonfarm Payrolls print finally forced a reckoning. US employers added 172K jobs against a consensus near 85K, with roughly 93K of upward revisions to prior months and the unemployment rate steady at 4.3%.

USD/JPY: Japanese Yen ignores every reason it has to strengthen

There is a strange disconnect running through the Japanese Yen right now, and USD/JPY parked just above 160.00 captures it perfectly. By any domestic reading the Yen should be firming: first-quarter Gross Domestic Product beat expectations over the weekend at 0.5% on the quarter, the Bank of Japan is widely expected to raise rates at its meeting on June 18, and authorities have spent the past week jawboning a currency they clearly want stronger.

Gold faces initial resistance near $4,350

Gold manages to reclaim the $4,300 mark per troy ounce and above on Monday. The yellow metal’s small uptick comes on the back of modest losses in the US Dollar, while traders continue to follow geopolitical events in the Middle East and the likelihood of a tighter-for-longer Fed.

Strategy resumes BTC accumulation with 1,550 Bitcoin purchase, adjusts STRC dividend schedule

Bitcoin treasury firm Strategy bought 1,550 BTC last week for roughly $101.3 million, according to a Form 8-K filing on Monday. The purchase, made at an average price of $65,332 per Bitcoin, was funded through proceeds from the company's at-the-market equity offering program.

$1.75 trillion: Is SpaceX the most popular IPO in history, or the most engineered?

On June 12, the largest initial public offering (IPO) in history is set to hit the tape, and almost nobody is asking whether the price is right, because almost everybody already wants in.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.

Weekly forex forecast: EUR/USD, XAU/USD, DXY, GBP/USD, Bitcoin and more [Video]

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