Watch our weekly market recap to see what the most important price movements were this week and watch the full video for our gold, oil and forex forecasts for next week!
The gold weekly analysis has shown the yellow metal plunge further down – over 9% from February’s highs. And with the sell-off now testing its first major downtrend support this month, the gold weekly forecast doesn’t seem too promising either.
Further in our recap of weekly trading, forex investors have had a rather mixed week. Especially the USD has been performing differently with major currencies, as the forex weekly review shows. For instance, both GBP/USD and EUR/USD have been on the rise. And although the former has taken a short breather, the forex weekly outlook suggests that it’s only a pause before its next push upwards.
Our forex weekly forecast will also cover what the prospects are for some of the other major currency pairs, including USD/RUB, which has had a positive week so far. And our weekly trading guide will mention some of the key levels to watch over the coming days.
Watch our full weekly trading forecast to see where this current tendency may lead us in the weeks to come and what the crude oil weekly analysis will reveal about the days ahead. And drop us a line in the comment section below with your thoughts on our crude oil weekly forecast, and also share your oil weekly forecast with the community!
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Weekly Market Recap and New Week Outlook : MARCH 5, 2021
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