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Get the best parts of DailyFX. View More Note: Low and High figures are for the trading day. GBPUSD starts the week lower after a disappointing UK Q4 GDP release while the US dollar continues to push higher. The Euro may be looking out for key comments or policy developments from the Economic and Financial Affairs Council meeting between EU finance ministers.

A variety of influences lies ahead for FX markets, including the possibility of another US government shutdown. USD Weekly Price Outlook: Euro Challenges 1. Euro is attempting to break below a critical support zone with price testing fresh nine-week lows. Crude oil prices may continue to fall after hitting a three-week low if disappointing UK GDP data amplifies fears about a global slowdown in economic growth. Gold prices may rise as bond yields decline amid souring sentiment across financial markets, boosting the appeal of non-interest-bearing assets.

Crude oil prices may fall as updated forecasts from the Bank of England and the European Commission stoke global slowdown fears, curbing investors’ risk appetite. Gold prices are at a decisive technical juncture as sellers probe the bounds of the near-term uptrend. Crude oil prices fell before incoming EIA inventory flow data. Crude oil prices are looking to API inventory flow data, the ISM gauge of factory-sector growth and US President Trump’s State of the Union speech for direction cues. Gold prices may build on Friday’s downturn if upbeat US economic data continues to boost bond yields and the US Dollar, undermining the metal’s core appeal.

Get today’s forex trading news, as well as insights and analysis from the DailyFX team. We provide up-to-date forex market news from around the world to help you react to changes in price forecasts and market sentiment. In addition to global forex news, our expert analysis includes real-time financial market news on commodities and indices. Whichever market you trade, it is important to stay up-to-date with world market news so you can identify economic, political and technical factors that drive market prices, and create opportunities for you to trade. JPY Flash-Crash Rebound Looks to U. How Dovish Will the RBNZ Turn Next Week? USDJPY to Fresh 2019 Highs as EURUSD Tests Below 1.