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Monthly Forex Forecast
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Monthly Forex Forecast
The gold markets have been drifting for quite some time, reaching down to the crucial $1700 area.
The EUR/USD pair has been on a downward trajectory for some time, as we are threatening parity.
The GBP/USD currency pair has been hanging about the 1.20 level during most of July.
The West Texas Intermediate Crude Oil market was all over the place during July, and I suspect that August probably has more of the same in store for traders.
The S&P 500 rallied a bit heading into the month of August, as we have pierced the 4000 level.
The NASDAQ 100 tried to recover toward the end of the month in July, as we are very volatile, to say the least.
As the month of July is ready to close BTC/USD has produced a more positive trajectory, but gains have proven incremental and the speculative struggle ensues.
The NASDAQ 100 continued to struggle yet again in the month of June, and it’s very likely that July will show a bit of the same.
The S&P 500 continues to drift lower over the last several weeks as we start to look at the month of July.
The West Texas Intermediate Crude Oil market has been bullish for some time, but that does not necessarily mean that it has gone straight up in the air.
The USD/JPY has created a rather intriguing speculative landscape the past month via a rather incredible rocket launch higher.
The USD/INR appears set to start the month of July near record values, as price velocity and an upwards climb have proven that resistance is vulnerable.
Gold markets at the end of June are sitting at a very interesting level, as it looks like we are trying to test a major uptrend line.
The euro continues to look very lackluster as the month of June continues to see sellers jump in every time the market tries to break above the 1.06 level.
The British pound initially tried to overcome the 1.26 level during the month of June but has since fallen rather significantly.