![Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787138012-90b63cd03f4cbdc8.webp)
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]
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![Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787138012-90b63cd03f4cbdc8.webp)
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]

The new Fed Chair wants the markets to do the central bank's job for him. If the number of supporters of his position increases, the chances of a rate hike in 2026 will fall, weakening the greenback.

Silver has had one of its strongest months in years, but this week's price action shows just how fragile precious metals rallies can be when bond markets get nervous. The metal surged nearly 10% last week after July's Non-Farm Payrolls badly missed expectations, printing a loss of 23,000 jobs, prompting markets to price out any chance of a September Fed hike and reviving safe-haven demand.

GBP/USD could recover if UK inflation revives Bank of England rate hike bets, although geopolitical risk may keep the US Dollar supported. The Pound US Dollar (GBP/USD) exchange rate softened on Tuesday, as a deteriorating market mood underpinned demand for safe-haven assets.

The Pound-Australian Dollar could recover if UK inflation revives BoE rate hike bets, while softer Australian wage growth may weigh on the Aussie. The Pound to Australian Dollar (GBP/AUD) exchange rate was subdued on Tuesday as markets digested the UK's latest employment figures.

The Euro-Dollar is struggling to clear 1.1630, with MUFG warning the EUR/USD looks overvalued as European gas and growth risks build. The Euro to Dollar (EUR/USD) exchange rate has climbed back towards 1.1600, but the move is starting to look less convincing once valuation and Europe's energy exposure are brought into the.

Silver price today: Silver falls, according to FXStreet data

USD/JPY remains range-bound: What comes next?

Gold: Pullback risk with higher yields and Oil – OCBC
![Short term sell signals for Gold and Silver [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787130802-4ba322c885f41add.webp)
Short term sell signals for Gold and Silver [Video]

Data from the Office for National Statistics showed that UK inflation accelerated in line with expectations last month. July CPI rose 0.3% month-on-month and 2.9% year-on-year, up from 0.1% and 2.6% respectively in June.

NZD/USD Price Forecast: Weakens below 0.5900, but staying supported above 100-day SMA

Silver Price Forecasts: XAG/USD tests levels sub-$63.00 as bearish pressure mounts

AUDUSD hitting new highs The Australian dollar (AUDUSD) was up for another session before a heavy price rejection at the 0.7100 region. Price action has fallen around 30 pips but remains elevated above the 0.7100 level.

USD/CAD Price Forecast: Bears look at 1.3850 support after rejection at 1.3900