Yearly Forecast
The EUR/USD pair fell to a fresh January low of 1.1593, closing the week a handful of pips above the 1.1600 mark. Sellers defended the upside at around the 1.1700 level for a second consecutive week, despite broad US Dollar (USD) weakness.
The Pound Sterling (GBP) started off the week on a firm footing against the US Dollar (USD) and jumped to 1.3486 on Monday, following criminal charges against Federal Reserve’s (Fed) Chair Jerome Powell over cost overrun in the reconstruction of Washington’s headquarters.
Bitcoin (BTC) price holds above $95,500 at the time of writing on Friday after rallying more than so far 5% this week. The rising institutional and corporate demand supports the bullish price action in BTC.
It was another constructive week for the US Dollar (USD), with the US Dollar Index (DXY) extending its steady climb and remaining firmly on the front foot so far this year. Indeed, the DXY pushed decisively back above the 99.00 mark, doing so with a fair degree of conviction.
In-Depth Analysis
This isn’t “Sell America” — it’s “Buy breadth.” Investors are diversifying away from narrow US leadership and looking for returns that aren’t concentrated in a handful of mega-caps.
The Federal Reserve received grand jury subpoenas from the Department of Justice, escalating the Trump administration's pressure on the nation's central bank.
