1. Forex – The U.S. Dollar and Major Currencies
U.S. Dollar Index (DXY): The dollar remains under downward pressure, hovering around key support near 97.70. A confirmed break below this level could extend losses toward 96.70.
EUR/USD: The pair is testing resistance around 1.1720. A breakout above could open the path toward 1.1790 – 1.1830, while key support remains at 1.1650.
GBP/USD: The pound continues to climb, benefiting from dollar weakness. Watch resistance near 1.3530 — a break above may target 1.3700, but a drop below support at 1.3500 could trigger renewed selling pressure.
2. Gold (XAU/USD)
Gold maintained strong momentum, closing the week around $3,650 per ounce.
Strong support sits near $3,620, while continued expectations of lower interest rates and a weaker dollar could push prices toward $3,700.
3. Oil (Brent / WTI)
Crude prices slipped amid weak U.S. demand and concerns over excess supply.
Saudi Arabia reduced its October export prices to Asia despite recent agreements to boost output.
S&P Global forecasts that dated Brent could fall to around $55 per barrel by the end of 2025 if oversupply and soft demand persist.
4. Technical and Trading Performance
Major Currencies: Most pairs are testing key resistance levels, and upcoming breakouts or breakdowns could define the next trend direction.
Gold: Buyers remain dominant up to $3,700, though sellers may emerge around that zone. The short-term outlook stays bullish above key support.
Oil: Continued sideways movement is expected, with a downward bias unless clear signs of demand recovery appear.
