The past week brought high volatility to financial markets, driven by macroeconomic data releases and expectations regarding monetary policy. Currency pairs, cryptocurrencies, and commodities reacted to statements from Fed and ECB officials, as well as changes in bond yields. In the upcoming week, investors’ focus will be on the minutes of the latest Fed meeting and fresh inflation data from the Eurozone.
EUR/USD ended the week with gains, consolidating around 1.0393 but remaining within a correction phase. Technical analysis indicates a bearish trend, with prices breaking below the area between moving averages, signalinga potential continuation of the decline. In the coming days, a test of the support level near 1.0205 is expected, from which a rebound and a rise toward 1.0845 may follow. An additional signal for growth will be a test of the support line on the RSI indicator and a bounce off the lower boundary of the “Triangle” pattern. However, if the pair breaks below 0.9995, further decline toward 0.9675 is possible.
BTC/USD (Bitcoin) ended the week around 97091, maintaining its position within a bullish channel. Despite an overall upward trend, a short-term correction to 95605 is possible before a new push toward 118605. The key drivers for Bitcoin’s movement remain investor sentiment in the stock market, regulatory decisions, and institutional activity. A breakout above 108605 will confirm a continued bullish trend, while a decline below 80565 could lead to a further drop toward 75455.
Brent (Oil) finished the week at $75.10 per barrel, remaining under selling pressure. In the coming week, a decline to $72.35 is expected, followed by a potential rebound and a rise toward $82.75. Prices may be supported by geopolitical factors and demand forecasts, but a break below $68.05 could open the way for a deeper decline to $60.55. A breakout above $78.65 would strengthen bullish sentiment in the oil market.
XAU/USD (Gold) continues its upward movement, ending the week at $2935. A short-term correction to $2865 is possible, but a subsequent rise to $3175 is likely. If gold consolidates above $2965, further growth can be expected. However, a breakdown below $2705 would invalidate the bullish scenario, leading to a drop toward $2585.
In the upcoming week, markets will remain influenced by global macroeconomic factors, central bank decisions, and stock market volatility. Investors should be prepared for sharp movements and keep an eye on the news to adjust their strategies accordingly.
