Markets close a turbulent week showing remarkable resilience despite uncertain central bank policies and economic challenges. The Fed hints at a pause, while ECB and BoE face slower growth signals. USD holds firm amid strong data; yen lags as BoJ maintains accommodative stance. You can’t keep a good market down. #Forex #MarketOutlook
Weekly Forex Forecast by Dhwani Mehta for ForexFactory.com highlights key themes for DXY, EUR/USD, GBP/USD, and USD/CAD amid shifting central bank signals. Fed’s softer inflation data and rising rate cut expectations weigh on the US Dollar, while ECB’s cautious tone supports the Euro. Watch US retail sales, jobless claims, and Fed speeches for near-term moves. Technicals suggest DXY struggles near 104.40 support; EUR/USD benefits from risk appetite and ECB guidance. Traders should monitor growth prospects and policy cues across the Atlantic economies this week.
As November 23–28 unfolds, key Forex pairs like EUR/USD, GBP/USD, and USD/JPY face critical technical tests. EUR/USD trades in a tight 1.0600–1.0800 range awaiting Eurozone CPI and US GDP data. GBP/USD shows resistance at 1.2625, with potential pullbacks ahead. USD/JPY nears 152.00 resistance amid intervention risks. Strategic entries hinge on breakouts or retracements—stay tuned for volatile setups.
Credit: DailyForex.com
Pairs in Focus for Nov 23-28, 2025: EUR/USD consolidates between 1.0630-1.0830 amid Eurozone growth concerns and dollar strength; GBP/USD fights policy uncertainty, testing 1.2560 resistance; USD/JPY uptrend persists as BoJ stays dovish but momentum slows. Key levels will guide next moves. #forex #trading
Pairs in Focus: 23rd to 28th November 2025 by Adam Lemon, DailyForex.com
This week’s forex outlook is shaped by thin US liquidity due to Thanksgiving, key economic data from the US, Eurozone, and Japan, and cautious central bank commentary.
EUR/USD hovers near 1.0800, eyes on breakout above 1.0900 amid mixed Eurozone inflation and US durable goods data.
GBP/USD consolidates above 1.2500, sensitive to USD moves and UK risk sentiment.
Traders should watch for volatility spikes and end-of-month flows that may disrupt technical levels. Stay prepared for swift intraday moves in thin markets.
Scotiabank’s latest forecast signals a continued upward bias for GBP/USD, supported by the UK’s surprising economic resilience, the Bank of England’s commitment to restrictive policy, and waning dollar strength. While short-term volatility may persist, the pound looks positioned for further gains against the dollar in the near term.
EUR/USD has declined amid rising macroeconomic uncertainties and divergent central bank policies. Geopolitical risks in Europe and cautious ECB guidance contrast with the Fed’s hawkish stance, driving demand for the US dollar. Key support at 1.0650 will be critical; a break lower could see further downside ahead. Traders should watch technical levels as market sentiment remains fragile.
British Pound to Dollar (GBP/USD) forecast now tilted to the upside as UK economic resilience contrasts with signs of a US dollar reversal. Inflation cooling and cautious central banks set the stage for potential sterling gains. Detailed analysis by Tim Clayton at Currency News UK highlights key risks and opportunities ahead.
GBP/USD outlook favors the upside as improving UK data and easing inflation bolster Sterling. With the BoE hinting at rate cuts later than the Fed and market positioning turning cautiously optimistic, risks tilt toward a stronger Pound against the Dollar in 2024. Insights from Daniel Whitaker at CurrencyNews.co.uk detail these dynamics and forecasts.
Weekly Forex Forecast (Nov 24-28, 2025): DXY remains capped near 107.30, key support at 105.50; watch for a breakout from the ascending channel. EURUSD holding support at 1.0730 but under selling pressure—break below targets 1.0630, while a push above 1.0860 could lead towards 1.0960. GBPUSD compressing between 1.2340 support and 1.2530 resistance; a close above signals potential move to 1.2700. USDCAD and XAUUSD setups also warrant close attention amid holiday-thinned liquidity. Stay tuned for price action cues and macro releases in this pivotal week.
Credit: Justin Bennett, Daily Price Action
