Analyzes

Weaker than expected US PPI data sent the major US stock market indices and the precious metals Gold and Silver to new record highs.

WTI Crude Oil has gone into the weekend near the 62.150, and this feels like a rather solid accomplishment considering the loud highlights which took place over the past handful of days.

Explore this week’s forex forecast: GBP/USD at 1.36, Bitcoin eyes $120K, Fed decision looms. Key levels, sentiment & setups to watch.

The US Dollar (USD) ended another week with small declines. The Greenback has been caught in a mild consolidation phase for the better part of five weeks, stuck in a volatile rut near 98.00.

The Pound Sterling (GBP) booked a third consecutive weekly gain against the US Dollar (USD), testing the 1.3600 barrier to reach monthly highs.

The EUR/USD pair survived yet another uneventful week, hovering in the vicinity of the 1.1700 level. The pair seesawed between gains and losses, confined to familiar levels amid speculation about the upcoming Federal Reserve (Fed) monetary policy decision, scheduled to be announced on Wednesday.