Weekly forex forecast: EUR/USD, XAU/USD, XAG/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/CAD, NZD/CAD, CAD/CHF, EUR/AUD, EUR/NZD, EUR/CHF.

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.

EUR/USD drops to daily lows near 1.1840 ahead of US data

EUR/USD now comes under further selling pressure, slipping back to the area of daily lows near 1.1840 on Monday. The pair’s daily pullback comes on the back of the continuation of the rebound in the US Dollar as investors keep assessing the “Warsh” trade. Moving forward, markets’ attention is expected to be on the release of the US ISM Manufacturing.

GBP/USD turns negative around 1.3670 on stronger USD

GBP/USD faces some increasing selling pressure, building on recent losses and revisiting the 1.3670 zone at the beginning of the week. Cable’s decline comes in response to the persistent advance in the Greenback while traders have started to shift their focus to the upcoming BoE event.

Gold trims gains, flirts with $4,800 prior to US data

Gold is bouncing off monthly lows near the $4,400 region per troy ounce on Monday. The broader downtrend remains in place, with pressure coming from a firmer US Dollar following Kevin Warsh’s nomination as the next Fed chair.

Crypto Today: Bitcoin, Ethereum, XRP extend correction amid mixed ETF flows, dwindling retail interest

Bitcoin consolidates above $77,000 after plummeting and testing April’s tariff-triggered lows, as investors remain cautious. Ethereum extends losses toward the psychological $2,000 support amid ETF outflows. XRP holds below its April low at $1.61 as futures Open Interest drops to $2.81 billion.

Warsh effect ripples through markets, central banks on deck this week

The first full month of the year is behind us, and, honestly, it has been rather more dramatic than most had anticipated when toasting the New Year. We wrapped up last week with US President Donald Trump announcing his Fed Chair pick.

Bitcoin slips below $75,000 as selling pressure accelerates

Bitcoin (BTC) price falls below the $75,000 mark on Monday, having corrected nearly 11% in the previous week and reaching level not seen in nearly 10 months. Market momentum has clearly turned bearish, with technical indicators pointing to further downside toward the next key support at $70,000.