Monthly Forex Forecast

The light sweet crude oil market has been as high as just under the $120 level and as low as the $77 level during the month of March. In other words, it’s been all over the place and the only thing that I can see on the chart that is somewhat consistent is that anytime the market

Gold spent most of the month of March falling rather significantly, but it has turned around to show signs of life at the $4100 level. The market has been very volatile and a lot of this comes down to the interest rate markets in the United States, which of course will continue t

The NASDAQ 100 has been very negative during the trading month of March as we continue to see sellers jump in and start selling every time it tries to rally. We have formed several long wicks to the upside every week as every time we try to recover, fear reenters the market. This

The S&P 500 spent most of the month of February struggling a bit and then trying to recover, but every time we recover it seems like there’s some type of headline coming out of the Middle East that has the markets concerned. And quite frankly it’s not just the Middle Eastern head

The US Dollar spent most of the month of March rallying against the Mexican Peso as interest rates in America continue to climb and although they are lower than Mexico's interest rates, the reality is that the interest rate differential has been closing and with this being the ca

The US dollar has been all over the place in the month of February, as we are looking at testing a resistance level that goes back to 1990.

The S&P 500 continues to see a range that traders are comfortable with, as we have been working off a lot of froth from the previous move.

The Nasdaq 100 has a tough month for February, as traders have been dealing with a whole list of external issues, and the earnings season. However, in the month of March, its likely we will continue to see resilience.

The EUR/USD is near the 1.19500 level as of this writing with fast conditions still shaking the broad Forex market, this as the currency pair traverses within values it has not seen since June 2021 in a sustained manner.

The S&P 500 has spent the bulk of January, perhaps doing so in order to work off some of the excess that the markets have seen for the last several months before.

Silver has been very noisy to say the least, mainly to the upside obviously during the month of January as well as several months before. All things being equal, this is a market that I think is going to continue to see a lot of noisy and bullish behavior, but a short-term pullback from here then opens up the possibility of finding value in a market that has essentially just exploded to the upside.

The Nasdaq 100 has gone back and forth again during the month of January continuing the sideways action that we had seen in both November and December. Ultimately, I think this is a market that is trying to do everything they can to break above the 26,000 level.

While silver has been taking most of the headlines, it is worth noting that during the month of January we saw gold piercing the crucial $5,000 level, an area that I thought it would be months before we took out.