Monthly Forex Forecast

The West Texas Intermediate Crude Oil market, or US Oil, has been all over the place during the month of August, basically settling unchanged.

The EUR/USD is within the middle of its one month chart, this as August gets set to start and the Federal Reserve promises to deliver rhetoric later today which will cause volatility.

The USD/ZAR has traversed higher in the past couple of weeks, but the currency pair is within a trading range which seems to be expressing equilibrium instead of nervousness.

The USD/INR is trading within the higher elements of its long-term price range, and it has become clear the Indian government is set upon controlling the known realm of the currency pair in an effort to manage the economy.

The gold market has been very noisy during the month of July, as we had initially made a fresh, new high, only to turn around and show signs of weakness.

The NASDAQ 100 was very noisy during the month of July, initially rallying and making a fresh all-time high, only to turn around and fall apart.

The S&P 500 has been rather negative during the month of July, especially as we get closer to the end of it.

The US dollar has rallied for the majority of the month of July, as we see the US dollar threatening the 18.80 MXN level.

The month of July has been a bit negative for the West Texas Intermediate Crude Oil market.

The West Texas Intermediate Crude Oil market has been rather bullish during most of the month of June.

The US dollar has been very bullish during the bulk of the month of June, but now it looks like we are at a major crossroad.

NASDAQ 100 traders have been all over the place during the last couple weeks, but the overall attitude has been very bullish.

Gold markets have been very noisy during the month of June, as we continue to test a major support level.

Bitcoin has been rather negative during the month of June.

Tense Month of Trading in July Speculative Cards