The S&P 500 initially tried to rally during the day on Tuesday, but then broke down rather significantly. The NASDAQ 100 fell significantly during the day but did bounce to recapture about half of the losses.
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The United States dollar initially rallied during the course of the session on Tuesday, but turned right back around to form a very negative candle for the day. The AUD/USD pair initially fell during the course of the day on Tuesday, but the 0.75 level appears to be massively supportive.
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The WTI Crude Oil market had a very volatile session on Tuesday, but has eventually ended up forming a shooting star. Natural gas markets initially rallied during the course of the day on Tuesday, but then fell below the $2.75 level.
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Gold prices rose $10.91 an ounce on Tuesday, up for the third straight session to $1363.31, as a softer dollar and sagging risk appetite made gold more attractive as an alternative asset.
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Get the NZD/USD Forex signal for August 2, 2016 here.
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Get the AUD/USD Forex signal for August 2, 2016 here.
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Get the USD/JPY Forex signal for August 2, 2016 here.
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Get the USD/CAD Forex signal for August 2, 2016 here.
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Get the USD/CHF Forex signal for August 2, 2016 here.
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Get the GBP/USD Forex signal for August 2, 2016 here.
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Silver markets initially tried to rally during the course of the day on Monday, but the $20.50 level offered a bit too much resistance, forcing the market to turn things back around.
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The Euro had a slightly negative session during the day on Monday, as the 1.12 level above continues to offer quite a bit of resistance. The GBP/USD pair initially tried to rally during the course of the session on Monday, but then fell enough to form a shooting star.
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The WTI Crude Oil market initially tried to rally during the day on Monday but then turn right back around to slam into the $40 handle. Natural gas markets initially tried to rally during the day on Monday, but turned right back around to slam into the $2.75 region.
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The USD/JPY pair did almost nothing to move the market during the day on Monday. With this, I believe that the market will continue to be very choppy, and perhaps trying to reach down to the 100 level will be what the market does.
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