The GBP/USD went into this weekend near the 1.34238, which a rather solid bullish improvement compared to the low seen on Tuesday the 14th of October when the currency pair was near the 1.32500 vicinity.
Last week saw the continuation of existing bullish trends until the end of the week, when several precious metals came crashing down, although Gold and the US stock market held up and remain relatively bullish.
WTI Crude Oil has gone into this weekend below the price seen the previous weekend, this as the commodity stands around the 57.240 mark before trading opens early tomorrow morning.
Get the latest weekly forecast on key markets—currencies, gold, silver, oil, and NASDAQ 100, analyzing trends and trading opportunities.
The US Dollar (USD) spent much of the week on the back foot, retreating from last week’s highs and leaving the US Dollar Index (DXY) with a softer tone. That said, the index found some support around the 98.00 area but stayed stuck in the sideways range it’s been in since early August.
Despite Friday’s decent rebound, the US Dollar (USD) ended the week on the back foot, extending the rejection from previous multi-week highs.