Happy August 2023! Is it worth it to trade the majors this month? Get ready to find out!
We are in the midst of earnings season, and this has a major influence on what happens with stocks.The NASDAQ 100 has been very bullish the entire year, but at this point, the index is up about 40%.It’s always a bit difficult to get a gauge on emerging market currencies, but it should be noted that the Mexican peso is primed to continue seeing gainsAugust should be a very noisy month for the gold markets, as traders try to figure out what to do.
The USD/MXN pair has been very negative for quite some time, as we now find the market testing the 17 pesos level.The NASDAQ 100 rallied rather significantly during the month of June, and therefore it looks as if we are testing a major breakout.
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