Monthly Forex Forecast

Gold continues its uptrend, with traders eyeing a break above $2800 for a potential move to $3000, while $2700 and $2600 provide key support.

NASDAQ 100 continues to find buyers on dips, with 20,000 acting as strong support and a breakout above 22,000 potentially leading to new highs.

USD/MXN trades sideways between 20 and 21, with traders monitoring U.S. tariff policies and global risk sentiment for potential breakout moves.

The S&P 500 remains bullish near 6000, with support at 5700 and a potential breakout above 6200 signaling further upside amid strong U.S. economic growth.

USD/ZAR stabilizes after January volatility, with February expected to bring calmer trading as investors monitor Fed policy, U.S. rhetoric, and South African economic factors.

USD/INR remains stable near 86.5600 as RBI intervention limits volatility, with traders watching 86.6000 resistance and a slow upward trend in February.

EUR/USD remains range-bound near 1.04100, with traders watching the ECB’s expected rate cut and U.S. economic data for potential shifts in sentiment.

The U.S. dollar rallies against the Mexican peso in January 2025, driven by Trump policies, rate hikes, and key technical levels like 20 MXN support.

WTI Crude Oil remains range-bound near $65, with potential for a bullish breakout in January 2025 driven by U.S. economic data and rising energy demand.

The USD/ZAR appears set to begin the New Year within the higher part of its monthly price range, this as global financial institutions continue to exhibit nervousness and USD centric power is seen.

The USD/INR produced price velocity higher in December which took many by surprise, but the bullish move in the currency pair is actually correlating to the broad Forex market well.

The EUR/USD stabilizes near 1.04120 with speculative equilibrium emerging, as cautious sentiment and upcoming U.S. job data influence January 2025 Forex dynamics.

The month of January for gold could be very important. This is because we have seen such bullish momentum in this market for so long, that it now becomes a question as to whether or not we can continue the momentum, or if we need to settle into some type of range.

The NASDAQ 100 has been somewhat lackluster during the month of December, which is a bit shocking considering that one of the most widely followed premises in the stock market is the so-called “tentacles rally.”

During the month of November, we have seen more of the same in the West Texas Intermediate Crude Oil market, a lot of sideways action.