Forecasting the upcoming week: Fedspeak should keep investors entertained
The US Dollar (USD) ended the week slightly lower, coming under renewed selling pressure late in the week after hitting multi-month highs.
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US Dollar Weekly Forecast: Wakey wakey
Despite a promising start to the week, the upside impulse in the US Dollar (USD) fizzled out in the second half of the week, leaving it with modest losses when looking at the weekly chart.
EUR/USD Weekly Forecast: Concerns mount as the US government shutdown extends
The EUR/USD pair ends the week with modest gains at around 1.1580 after falling to 1.1468, its lowest in over three months. The US Dollar (USD) maintained its positive tone throughout the first half of the week, but changed course on Thursday, although with modest downward strength.
How will the UK Budget shape the Pound Sterling next move? Four scenarios to consider
GBP/USD trades around 1.3130 on Friday at the time of writing, broadly stable on the day, as markets await the Autumn Budget and reassess the Bank of England’s (BoE) dovish hold.
GBP/USD Weekly Forecast: Pound Sterling sellers refuse to give up yet
The Pound Sterling (GBP) extended its downtrend and reached seven-month lows near 1.3000 against the US Dollar (USD), before GBP/USD buyers quickly jumped in and recovered some ground.
Gold Weekly Forecast: Sellers hesitate as markets reassess Fed policy outlook
Gold (XAU/USD) struggled to make a decisive move in either direction and spent the week fluctuating within a relatively tight channel at around $4,000.