Forex Daily Forecast, Analysis and Prediction

The gold market continues to see a lot of volatility but on Friday we saw the profit taking take over the overall attitude.

Technical traders holding onto the belief the USD/MXN exchange rate is overbought are learning a hard lesson about behavioral sentiment.

During the month of September, we have seen a lot of ugliness when it comes to crude oil behavior, as the markets have fallen rather significantly.

The US dollar has spent quite a bit of time during the month of September going back and forth, as we have bounced around between the 19 MXN level and the 20 MXN level.

During the month of September, we have seen the NASDAQ 100 bounce around quite significantly.

During the month of September, we have seen a lot of volatility in the S&P 500, as markets continue to look to the Federal Reserve for some type of directionality.

Gold markets have been absolutely explosive during the month of September, and I do believe that the upward momentum continues.

The Aussie dollar has been somewhat noisy during the trading session on Friday as we continue to attempt a breakout.

The USD/HKD pair is experiencing significant downward pressure.

Although we sold off significantly during the trading session on Friday, we have seen buyers come back into the market and take over the overall momentum.

The NZD/CAD pair is moving quite rapidly.

The British Pound is consolidating against the US Dollar as both currencies remain relatively strong ahead of key US economic data due at the end of this week.

The EUR/SEK pair looks like the euro is going to continue to pay close attention to the 11.25 SEK level.

The West Texas Intermediate Crude Oil market bouncing the way it did during the day on Friday.

The EUR/USD exchange rate remained in a tight range on Monday morning as traders assessed the next actions by the Federal Reserve and the European Central Bank.