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We’ve seen rather negative momentum in the USD/MXN pair over the last couple of months, especially once we broke down below the 20 MXN level.
The US dollar has been very noisy against the Japanese yen during the month of May, and I think you will see more of the same.
The S&P 500 has seen buying pressure during the month of May, as we are threatening the 6000 level above.
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The NASDAQ 100 has had a very positive month of May, and now we are starting to see signs of hesitation as we close out month out.
The gold market has been fairly noisy during the month of May, as we continue to see a lot of questions asked about the overall trend in gold.
The Light Sweet Crude market has initially tried to rally during the course of May, but we have seen a lot of selling pressure, as we continue to hang
The Australian dollar has been very choppy during the month of May, and quite frankly think June could bring more of the same.
The EUR/USD finished the month of May below its late April values, but the upwards movement in the currency pair since the 12th of May has been rather remarkable, yet scary for speculators.
The USD/ZAR remains in a steady bearish trend as it confronts support and sometimes proves it has the ability to go lower. The currency pair will begin June’s trading below 18.00000.
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After falling from the 21.00 level in April, USD/MXN may continue to decline in May as interest rate differentials and improving sentiment favor the peso.
After bouncing off the 4800 level in April, the S&P 500 enters May with cautious optimism, facing volatility but aiming toward a potential move above 5800.
After rebounding above key support, the NASDAQ 100 enters May with bullish potential toward 20,000, though volatility and trade tensions may test momentum.
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After strong gains, gold enters May with bullish momentum but faces resistance at $3500, making a pullback toward $3200 a likely opportunity for buyers.
Crude oil remains range-bound between $55 and $65, with May’s outlook hinging on global trade tensions, OPEC output, and US seasonal demand trends.
USD/INR trades sideways near ₹85 as May opens, with geopolitical risks and global uncertainty poised to drive a potential move toward ₹88 or ₹83.50.