technical

Explore major market trends this week—gold, oil, silver, NASDAQ, and forex pairs. Key insights into price action and volatility.

The US Dollar (USD) began the week on a firm footing, though its early momentum faded as the days went on.

The US Dollar (USD) closed the week slightly higher, navigating a subdued market backdrop marked by stalled negotiations to end the US federal government shutdown, fading momentum in the US-China trade dispute, and lingering geopolitical tensions centred on the Russia-Ukraine conflict.

The EUR/USD pair ends the week with modest losses in the 1.1620 region, having shown little signs of life over the past few days. Financial markets got little to work with amid the continued United States (US) government shutdown and the subsequent lack of macroeconomic releases.

The Pound Sterling (GBP) faced rejection once again on its way to the 1.3500 level when compared with the US Dollar (USD), sending GBP/USD back toward the 1.3300 mark.

Gold (XAU/USD) came under heavy bearish pressure after setting a new record-high slightly above $4,380 on Monday and snapped a nine-week winning streak.