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Monthly Forex Forecast
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The NASDAQ 100 has been somewhat tight during the entirety of April, but as we head into May, it looks like the buyers willing to come in and buy every significant debt.
The gold market should see a significant amount of support near the $1940 level, followed by the $1900 level.
The S&P 500 has been back and forth for some time now, and unfortunately we don’t know if May is going to change the overall attitude of the market.
USD/ZAR: Uncomfortable High Range as Nervous Results Remain
EUR/USD: Buying Momentum Sparkles as One Year High Surpassed
USD/INR: Return to Lower Prices Difficult and Hard Fought
The EUR/USD produced an astonishing month of trading in March.
After testing a high at nearly 82.8800 in the middle of March as the global markets sought risk-averse assets, the USD/INR has produced a solid downturn in the past ten trading days.
As the month of March gets ready to end and the start of April readies, the USD/ZAR certainly gave speculators a taste of adventure regarding their pursuit of the currency pair the past four weeks.
The S&P 500 has been very noisy over the last couple of weeks, and there’s almost no chance that April is going to be any different.
The NASDAQ 100 has been trading and arranging for the last couple of months, and the month of April could very well see the same.
Gold markets have had a very bullish run over the last couple of months, and at this point, a lot of this is going to come down to whether or not there is going to be significant fear out there to drive gold higher.
USD/ZAR: From Bad to Much Worse Nervous Behavioral Sentiment
USD/INR: Bullish Trend Past Month Challenging Apex Highs Now
The NASDAQ 100 has broken above a major resistance barrier during the month of February, only to turn around and show signs of weakness.