FxAnalysis

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.

The Pound Sterling (GBP) found fresh buyers once again near the 1.3250 area when compared with the US Dollar (USD), pushing GBP/USD higher toward the 1.3500 threshold.

The EUR/USD pair started the week on the wrong footing, as a dismal market mood benefited the US Dollar (USD). The pair, however, quickly changed course as turmoil came from the United States (US).

Gold’s (XAU/USD) parabolic rally showed no signs of slowing down and lifted the price to a new record-high above $4,370 on Friday before correcting lower.