Monthly Forex Forecast

The USD/ZAR will begin the month of August within a technical middle ground per its one month chart and traders should be ready for choppy conditions to emerge.

After creating a high not seen since 1998 in the USD/JPY in mid-July, the currency finished trading for the month near lows not seen since mid-June.

ETH/USD has been able to sustain gains that it has produced incrementally, increasing support levels and helping to create a rather speculative technical tide of wagers.

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.