Comprehensive Forex Market Outlook: Analyzing Key Currency Pairs and Precious Metals

Scalping: Scalping is a trading style that focuses on profiting from tiny price movements. In this strategy, traders look for small profits in a very short time frame, and a 3 PIP move can be a target. This type of trading requires precise execution and quick decision-making.
Day Trading: Day trading is another strategy that involves monitoring short-term price movements, where traders seek to profit from minor fluctuations. Traders may use the 3 PIP target to enter or exit positions based on short-term trends.

Current Trends in Forex: A Closer Look at Major Currency Pairs

In today's Forex market, significant movements are observed across major currency pairs, notably EUR/USD and GBP/EUR. The EUR/USD pair has shown resilience, maintaining a steady rate around 1.1740, significantly up from last month’s low of 1.1463. This stability comes amidst predictions by top analysts from Goldman Sachs about a potential weakening of the US dollar, influenced by contrasting monetary policies between the Federal Reserve and the European Central Bank (ECB). Meanwhile, the GBP to EUR rate has witnessed a slight decline, settling at 1.13867. Analysts from Rabobank suggest that the sterling may drift lower to between 1.12 and 1.13 by mid-2026, driven by the UK's uncertain economic outlook and the Bank of England's policy directions.

Precious Metals on the Rise: Gold and Silver Prices Surge

The spotlight also shines on precious metals, where gold and silver have seen notable price movements. Gold (XAUUSD), holding near record highs, is poised for a potential breakout with upcoming economic indicators such as CPI and payroll data expected to influence its trajectory. On the other hand, silver (XAG) trades near record levels as well, bolstered by Federal Reserve policies, ongoing supply deficits, and various market risks. These factors collectively contribute to a bullish outlook for silver, suggesting further price gains are on the horizon.

Platinum and Silver: The Bullish Outlook Continues

Not to be overshadowed, platinum has demonstrated exceptional growth, surging over 90% in 2025. The capital shift from gold to more undervalued metals like platinum, coupled with tightening supply and rising industrial demand, forecasts a target price range of $2,170 to $2,300 by 2026. This trend underscores a broader investor interest in diversifying assets within the precious metals sector.