Analyzes

Explore weekly insights on Forex, Bitcoin, gold, oil, and commodities with expert analysis and market trend forecasts.

Quite a week for the US Dollar (USD). The currency posted gains in every session since Monday, pushing above the key 99.00 hurdle by Friday and reopening the door to a potential revisit of the psychological 100.00 barrier sooner rather than later.

The US Dollar (USD) surged the most in two weeks in mid-May, resulting in EUR/USD falling to 1.1617, its lowest in over a month. The pair held nearby as Friday came to an end, hinting at a downward continuation in the upcoming days.

Gold (XAU/USD) edged higher at the beginning of the week but made a sharp U-turn as the US Dollar (USD) gathered strength on hot inflation data, closing the week in the red by losing more than 3% of its value.

GBP/USD saw its worst week in the past few months, losing around 2%, as the US Dollar (USD) regained its strength and the British Pound (GBP) weakened.  Market sentiment turned risk-off due to United States (US)-Iran negotiations failing to get a breakthrough, the US Dollar drew support from hot US

USD/MXN remains bearish despite a short-term bounce, with 17.40 acting as resistance and the broader carry trade still favoring peso strength.