Forex Daily Forecast, Analysis and Prediction

The USD/RUB remains one of the more challenging currency pairs on the Forex market to trade.

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 NZD/USD currency pair has not provided bullish traders with much opportunity for smiles recently.

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 Australian Dollar is usually positively correlated with the performance of global stock markets but is weakening even as major equity indices rise in value.

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 US dollar rallied a bit during the trading session on Tuesday to reach above the 155 yen level, but we have seen a little bit of a pullback.

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.

It's easy to see that this currency is struggling a bit.

This is a very interesting pair because we recognize that it could be the epicenter of a lot of volatility over the next couple of days.

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

It's easy to see that we have been chopping back and forth over the last several sessions.

The US dollar has been somewhat sideways during the last couple of sessions, but especially on Tuesday. All things being equal, this is a market that does look a little bit stretched.

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.

I recognize that the 0.84 level has offered a significant amount of support.