Pairs in Focus - EUR/USD, USD/ZAR, Gold, Crude Oil, Bitcoin, Natural Gas, GBP/USD, USD/CAD
Weekly market overview: key forex pairs, gold, oil, Bitcoin, and natural gas show mixed trends and volatility.
Nasdaq Forecast: Falls Toward 25,000 Amid AI Doubts, Volatility
The Nasdaq 100 declined on Thursday toward the key 25,000 level amid rising volatility and AI profitability concerns, though the broader uptrend remains intact.
USD/CAD Forecast: Pulls Back Amid Volatility
USD/CAD hovered around 1.41 on Thursday, showing signs of short-term exhaustion with a likely pullback to 1.40 before potential bullish reentry amid trade volatility.
GBP/USD Forecast: Rallies After BoE Pause, But Trend Bearish
The British pound rallied on Thursday after the Bank of England paused rate hikes, but the broader downtrend persists with key resistance at 1.32 and support at 1.30.
ETH/USD Forecast: Struggling with Bitcoin
Ethereum continues to drift near $3,300 with weak momentum, as it remains dependent on Bitcoin’s direction, with downside risk toward $2,500 if $3,000 fails.
