Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has done almost nothing over the last several days, other than to grind sideways and drift slightly higher.

The US dollar has broken down significantly during the trading session on Friday again as Jerome Powell on Thursday suggested that the bar to raising higher interest rates was even higher than it had been previously.

The gold markets rallied a bit during the trading session on Friday, as we continue to see a lot of bullish pressure in a market that continues to react to the Federal Reserve and its ultra-loose monetary policy.

EUR/USD: Yet strong resistance at 1.1917

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The US dollar has been drifted lower against the Indian rupee for some time now, but as we drift into September there will be a lot of questions when it comes to whether or not we can continue this move.

The Brazilian real is a very interesting currency to watch, because Brazil has a horrible infection rate when it comes to the coronavirus.

The US dollar has had a rough couple of weeks heading into September against multiple currencies, not just the South African Rand.

The silver markets should continue to be very volatile into the month of September, because there are a massive amount of reasons why this market is moving at the same time.

Gold markets have been rather choppy during the month of August, but that should not be a surprise given a couple of different factors.

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