NordFX Weekly Forex Forecast: After the Fed — Dollar, Gold and Oil into PCE Week

The Fed just reset the playbook, and markets are still adjusting. Here’s what matters this week. 👇

🏦 Fed: Kevin Warsh’s first meeting as Chair held rates at 3.50–3.75%, but the dot plot flipped hawkish, with the 2026 median jumping to 3.8%. A hike by September or October is now firmly on the table.

💵 Dollar: DXY is near 100.8, its strongest level in about a year, gaining broadly. EUR/USD sits near 1.15–1.16, USD/JPY is testing the 160–161 zone where BoJ intervention risk rises. 💴

🥇 Gold: Slid to ~$4,150 last week (third straight weekly loss) as the hawkish Fed and stronger dollar weighed on demand. Goldman cut its year-end target to $4,900. It’s since bounced to ~$4,190–4,200 on renewed US-Iran talk headlines. Stuck between Fed pressure and safe-haven bids. ⚖️

🛢️ Oil: Brent near $80, WTI near $77–78. Crude dropped sharply on Strait of Hormuz reopening hopes, then bounced again after Friday’s Geneva talks were cancelled and Monday brought reports of fresh progress. Headline-driven and choppy. 🌍

🇬🇧 Political wildcard: UK PM Starmer reportedly preparing an exit, with Andy Burnham tipped as successor. GBP/USD is trading defensively near 1.32–1.33. 🧩

📅 Next up: Thursday’s PCE report, the Fed’s favorite inflation gauge. A hot print cements the hawkish pivot; a soft one could spark a fast dollar unwind.

📊 Levels: DXY 99.8–101.5 | EUR/USD 1.145–1.165 | GBP/USD 1.31–1.335 | USD/JPY 158.5–161.5 | XAU/USD 4,100–4,250 | Brent 78–83

Trade smart and stay close to the calendar this week. 🚀

👉 Open your account with NordFX: https://my.nordfx.com/en/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx

NordFX Weekly Forex Forecast: After the Fed — Dollar, Gold and Oil into PCE Week was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.