Forex Daily Forecast, Analysis and Prediction

The S&P 500 continues to drift lower over the last several weeks as we start to look at the month of July.

The West Texas Intermediate Crude Oil market has been bullish for some time, but that does not necessarily mean that it has gone straight up in the air.

The USD/JPY has created a rather intriguing speculative landscape the past month via a rather incredible rocket launch higher.

Speculative traders of DOGE/USD took the cryptocurrency to above 7 and three quarter cents on the 27th of June, since then Dogecoin has lost value.

Speculators who are keeping their eye on SOL/USD, as of this morning will notice the cryptocurrency is hovering near important support levels, which if broken could develop into faster selling.

The best opportunity is likely to be long from supportive confluence.

Ethereum fell again on Wednesday as the market is now threatening the $1100 level again.

The EOS market initially tried to rally a bit on Wednesday, but it continues to see a lot of resistance near the $1.00 level.

The US dollar initially tried to rally on Wednesday but seems to be struggling just a bit against the Mexican peso, as the 20.18 level has been a little bit of short-term resistance.

On Wednesday, the US dollar pulled back against the Brazilian real as a reaction to the recent breakout.

The US dollar has been like a wrecking ball against almost everything, including the euro.

The British pound fell a bit on Wednesday as we continue to see the US dollar act like a wrecking ball against almost everything.

The West Texas Intermediate Crude Oil market initially rallied on Wednesday but gave back gains to form a bit of a shooting star.

Bitcoin had a relatively quiet session on Wednesday as we are hanging just above the $20,000 level, an area that of course is a large, round, psychologically significant figure.

The gold market rallied a bit on Wednesday but has also found plenty of selling pressure near the $1835 level.