| |
| |
Welcome to August! It is often said in the trading world that the high summer months of July and August are dull in the markets, but this year has been an exception and there is every sign these active trending markets will continue into August. In the last days of July we have already seen the price of Gold reach an all-time high just short of $2,000 an ounce, with Silver also reaching a 6-year high on crazy volatility. The EUR/USD has been in a strong upwards trend, making a new 18-month high over the past few days. There's also been plenty of action in what are usually considered "exotic" currencies such as the South African Rand and the Indian Rupee. You can check out our expert analysis asset-by-asset below and find out how to take advantage of all the best current opportunities for profit. Good luck and happy trading
|
|
|
|
|
EUR/USD: August 2020
Author: Christopher Lewis 27-07-2020
The Euro has gone straight up in the air over the month of July, finally breaking out and changing the overall trend.
READ MORE...
|
|
|
Gold Forecast: August 2020Author: Christopher Lewis 27-07-2020
Buying dips in bits and pieces to build up a larger position should continue to be the way forward.
|
|
|
Nasdaq Forecast: August 2020Author: Christopher Lewis 27-07-2020
This is a market that I think will continue to see buyers on dips, as the markets continue to pay attention to the Federal Reserve more than anything else.
|
|
|
Silver Forecast: August 2020Author: Christopher Lewis 27-07-2020
Although silver is a precious metal it is also a commodity first and foremost, one that has a certain amount of industrial demand built into it.
|
|
|
AUD/USD Forecast: August 2020Author: Christopher Lewis 27-07-2020
I think that the Australian dollar has a little bit of catching up to do with the Euro, as the correlation between the two pairs has been rather drastic.
|
|
|
| Dax Index Forecast: August 2020 Author: Robert Petrucci 28-07-2020
The DAX Index has continued to power higher since the beginning of July, and as August starts going against this strong trend could prove unwise.
|
|
|
S&P 500 Forecast: August 2020Author: Robert Petrucci 28-07-2020
The S&P 500 has seen stronger risk appetite and August could produce record highs if buying momentum continues its solid pace.
|
|
|
WTI Crude Oil Forecast: August 2020Author: Robert Petrucci 28-07-2020
WTI Crude Oil has shown actual signs of consolidating the couple of weeks and speculators may be able to trust technical charts for the commodity again.
|
|
|
USD/INR Forecast: August 2020Author: Robert Petrucci 28-07-2020
A respectable bearish trend has developed since mid-July for the USD/INR and speculators will have to decide on their technical perceptions as August begins.
|
|
|
USD/ZAR Forecast: August 2020Author: Robert Petrucci 28-07-2020
The USD/ZAR has seen its bearish trend gain momentum as the price of gold has reached new highs regularly.
|
|
|
USD/PKR Forecast: August 2020Author: Robert Petrucci 28-07-2020
The USD/PKR has developed an interesting trading dynamic the past week as a slight bearish trend has emerged.
|
|
|
|
Happy Trading,
The DailyForex Team | |
| |
