This week, we take a look at the forecast for several key forex pairs and indices.
GBP/USD: The GBP/USD pair is expected to continue its bullish trend as the UK economy shows signs of improvement.
AUD/USD: The Australian dollar is likely to face some volatility as the Reserve Bank of Australia makes its interest rate decision.
DOW30 Index: The DOW30 index is anticipated to remain strong as positive economic data continues to support the US stock market.
USD/CAD: The USD/CAD pair may see some fluctuations due to changes in oil prices and economic data from both the US and Canada.
Gold: Gold prices are expected to remain steady as investors seek safe-haven assets amidst global economic uncertainty.
USD/MXN: The USD/MXN pair is forecasted to be influenced by political developments in Mexico and the US.
USD/CHF: The USD/CHF pair may experience some volatility as the Swiss franc remains a safe-haven currency.
WTI Crude Oil: WTI crude oil prices are likely to be influenced by global supply and demand dynamics and geopolitical tensions.
Stay tuned for updates on these forex pairs and indices throughout the week.