Forex Forecast: November 16–20, 2026 – Major Currency Pairs and Gold Outlook
The foreign exchange market enters the week of November 16–20 with the US dollar holding a significant advantage over most major currencies. Stronger-than-expected US inflation, rising Treasury yields and changing Federal Reserve interest-rate expectations have reshaped the market outlook, putting the euro, pound, yen and commodity-linked currencies under pressure. However, the dollar’s recent rally has also created conditions for increased volatility. The Japanese yen is approaching intervention-sensitive territory, while important inflation and employment releases from Canada, the United Kingdom, Australia and Japan could challenge the prevailing market direction. Gold also enters the new week below the $4,000 psychological threshold after a sharp correction. Whether the metal stabilises or extends its decline will depend partly on the dollar, Treasury yields and demand for defensive assets. This SkyPress forecast examines the likely scenarios for the major currency pairs and gold, alongside the economic developments that could influence market direction during the week. Key Takeaways US dollar: The broader outlook remains positive while…
Sylvester Chepkok | SkyPress Editorial
Nov 14
