Refer a friend

The #Forex Market Wrap is here!

Watch the video to learn what key levels have been hit this week!

Forex Market Wrap

In this week’s week ahead analysis we outlined there wasn’t much data to be released. The Wednesday US CPI data and Thursday AUD employment data were the two key releases of the week. The US CPI data came in above forecasts which caused the USD to strengthen as Inflation rose to 6.2%. AUD employment missed estimates with the unemployment rate rising, this could be an effect of the recent covid risks in Australia.

USD Index

usd index forex market wrap

The USD index showed us that the USD was in an uptrend and would likely remain in one as the data out of the US continue to be positive. The CPI data coming in better than forecast pushed the USD Index above the weekly swing highs. Now the price has remained stable above these levels we could see the bullish trend remain. If the price retests the previous highs we can look for long opportunities.


audusd forex market wrap

The AUDUSD was on our watchlist for short opportunities this week as the strength meter outlined the Australian Dollar was losing strength and the USD was gaining momentum. Last week’s bearish close showed us that sellers were active in the market and that the 4hr bearish trend was likely to continue. The price did continue to fall in line with the outlook and in line with the 4hr trend offer multiple short opportunities.


eurusd forex market wrap

The EURUSD fell in line with the USD Index rallying, this market looks set to continue to fall as long as the USD index remains bullish. 

The price trading below the major support of 1.1500 could see fresh selling going into next week’s trading. 


gold forex market wrap

Gold prices rallied significantly this week after inflation rose in the US. Gold prices usually rally as a hedge against inflation and this recent breakout is proof. Looking at it technically we can see that the price has burst through key resistance levels including a higher time frame trendline resistance. If inflation continues to rise in the US we could see Gold price trade much higher before the end of the year.  

Enjoy low spreads and quick trade executions with a live account. Our highly committed customer support team will assist you from your quick account setup to any future concerns. Start trading with Blueberry Markets today.

About The Author

Join us on Telegram
and get real-time
alerts on
Indices, Gold, Crypto
and Share CFDs

Join now for free
telegram cta
bbjam graphic

Sign up to
Blueberry Jam

Back up your trade positions with insights
and how-to-guides, straight to your
inbox every week

Thank you. You have successfully subscribed to Blueberry Jam!