24 December 2018
Bitcoin – The Rebound
Bitcoin’s on the move and things could get interesting should Bitcoin break through to $4,800 levels early in the week…
Read MoreBitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 24/12/18
The majors are back on the move with an impressive start to the day and the week that gives the bull some new targets for the week.
Read MoreCardano’s ADA Technical Analysis – Resistance Levels in Play – 24/12/18
It’s looking like another bullish week is on the cards, the news wires unlikely to be causing too much damage, allowing the bulls to run free.
Read MoreEUR/USD Price Forecast – EUR/USD Range Bound Near Friday Lows Amid Holiday Think Market
Early Monday sees some risk appetite climb, but momentum remains tepid amid holiday thin market
Read MoreGBP/USD Price Forecast – GBP/USD Range Bound Ahead of Holiday Thin Market
Thin liquidity conditions to restrict moves within a well-defined trading range
Read MorePrecious Metals Gain On Broad Based Dollar Weakness Amid Political & Economic Woes
Gold rises on US political uncertainty and concerns of global economic slowdown which boosted safe haven demand in market.
Read MoreFinal Chance for a Santa Rally
From a valuation perspective, stocks are looking much cheaper from a three month ago, and if the U.S. economy continues to expand as projected by the Federal Reserve, buying the dips looks to be wise idea
Read MoreYear of 2018 in the Financial Markets
Contrary to what we saw during the last few years when the last months of the year were usually marked by a rally, this year we had the worst December since 1931 in terms of performance measured in the S&P500, with the index devaluing about 10 percent.
Read MoreOverview of Commodities, 2018
Commodities entered 2018 on a hawkish sentiment, however, since then the market has trended lower, with trade wars and other factors affecting commodities’ prices.
Read MoreTrading plan for December 24
Markets are on holidays but it’s not a reason to not trade! Take a look at FBS trading plan!
Read MoreWeekly Forex Outlook: Results of 2018
Will this tendency continue in 2019? There are doubts about that. The USD may start struggling. Also, it’s worth saying about trade wars that became a positive factor for the US currency and the negative one for other markets
Read MoreOil Price Fundamental Daily Forecast – U.S. Firms May Have to Cut Output to Trim Supply, Stabilize Prices
Based on past performance of the drillers, one of best moves U.S. firms could implement to drive up prices is to cut back on output. They’ve done it in the past with success so if prices continue to fall then this is likely to be their first step in stabilizing inventories and prices. However, until we see a trend develop, it’s all speculation.
Read MoreNatural Gas Price Fundamental Daily Forecast – Sideways-to-Lower Drift Unless Cold Returns After January 4
Simply stated, based on the short-term range, look for an upside bias to develop on a sustained move over $3.821. Look for the downside bias to continue on a sustained move under $3.433.
Read MoreBitcoin And Ethereum Price Forecast – BTC & ETH Continue To Trade Positive Ahead of Year End Holiday Season
Santa rally adds billions to crypto currency market bringing more investors into fold ahead of holiday season on hopes of cashing in on year end rally.
Read MorePrice of Gold Fundamental Daily Forecast – Hedge Funds Increase Long Positions
Ultimately, the direction of gold prices will be determined by the U.S. Dollar. Gold prices are likely to continue to move higher if the U.S. Dollar weakens. Lower interest rates should take care of this.
Read MoreUSD/CAD Daily Porice Forecast – USD/CAD Stable Above Mid 1.35 Handle Despite Political Woes in US Markets
USD/CAD continues to trade near its 19-month highs but upside is limited owing to ongoing political strife in US and bullish rally in crude oil market.
Read MoreForex Overview 2018
2018 is coming to an end and the year has brought about major changes in the foreign exchange market. Great events shaped the market and influenced the major currencies.
Read MoreGlobal Markets Mixed On Christmas Eve, Politics Weighs On Market, Slowing Growth Outlook Points To Bear Market
US markets were indicated lower in early Monday trading but the outlook for the holiday week is not positive. European markets were mostly lower in the shortened holiday session as traders and investors get ready for a day of family and friends. Asian markets were mixed as traders around the world prepare for the Christmas Holiday.
Read MoreEUR/USD Mid-Session Technical Analysis for December 24, 2018
Based on the early price action and the current price at 1.1407, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 1.1392.
Read MoreE-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 24, 2018 Forecast
Based on the early price action, the direction of the March E-mini NASDAQ-100 index futures contract is likely to be determined by trader reaction to Friday’s close at 6059.00.
Read MoreMarkets Muted as Holiday Mood Kicks in
Financial markets have commenced the final trading week of 2018 in a muted fashion as investors remain on the sidelines ahead of the Christmas holiday break tomorrow
Read MoreE-mini Dow Jones Industrial Average (YM) Futures Analysis – December 24, 2018 Forecast
Based on the early price action, the direction of the March E-mini NASDAQ-100 index futures contract is likely to be determined by trader reaction to Friday’s close at 22407.
Read MoreE-mini S&P 500 Index (ES) Futures Technical Analysis – December 24, 2018 Forecast
Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to Friday’s close at 2413.50. The main trend is down according to the daily swing chart. The index is in no position to change the main trend to up, but it is inside the window of time for a closing price reversal bottom.
Read MoreCrude Oil Price Update – Next Target Under $44.68 is Main Bottom at $43.51
Based on the early price action, the direction of the February WTI crude oil market the rest of the session is likely to be determined by trader reaction to Friday’s close at $45.59.
Read MoreAUD/USD Price Forecast – Australian dollar fails to hold gains in thin trading
The Australian dollar rallied initially during Christmas Eve trading on Monday, but then rolled over to form a less than impressive candle. Ultimately, the 0.70 level underneath is attracting a lot of attention, so by all means I will be paying attention to that level.
Read MoreEUR/USD Price Forecast – Euro bounces slightly during holiday trading
The Euro rallied a bit during the day on Monday, breaking towards the 1.14 level during thin holiday trading. It looks as if the market is trying to reach towards the top of the overall consolidation area, but more than likely will be able to break above it in the short term.
Read MoreGBP/JPY Price Forecast – British pound continues to struggle
The British pound continues to struggle during the trading session on Monday, as the liquidity would be very thin. We are sitting just above major support, and it does look like we will eventually break through, especially considering all of the global issues right now.
Read MoreGBP/USD Price Forecast – British pound slightly higher during holiday trading
The British pound rallied a bit during the trading session on Monday, as thin volume would of course had its effect on the market. We are still below a major resistance barrier though, so keep that in mind.
Read MoreGold Price Futures (GC) Technical Analysis – Breakout Over $1270.30 Could Fuel Rally into $1284.10
Based on the early price action, the direction of February Comex gold the rest of the session is likely to be determined by trader reaction to $1270.30.
Read MoreUSD/JPY Price Forecast – US dollar continues to drift lower
The US dollar fell a bit lower against the Japanese yen during Christmas Eve trading, which of course would have been very thin. However, the most important thing to notice on this chart is that we have in fact made a major break down.
Read MoreGold Price Forecast – Gold markets rally during holiday
Gold markets rallied a bit during the trading session on Monday, as liquidity may have been a little bit of an issue, but at the end of the day it looks as if the US dollar is struggling a bit. We are at the top of an up trending channel, so that’s something to pay attention to as well.
Read MoreNatural Gas Price Forecast – natural gas markets continue to plunge
Natural gas markets continue to plunge during the Monday session, which of course would have been a bit illiquid. With Christmas Eve electronic trading in full force, the volume would of course leave a bit to be desired but we are following the overall trend, something that you would hope to see.
Read MoreCrude Oil Price Forecast – crude oil markets continue to fall
Crude oil markets try to rally initially during the trading session on Monday but couldn’t hang onto gains enough to turn things around. Ultimately, the candle stick looks like it’s going to try to inform an inverted hammer, which of course is a very negative sign.
Read MoreSilver Price Forecast – Silver markets continue to grind sideways
Silver markets did very little during the trading session on Monday, as it was Christmas Eve and of course liquidity would have been a major issue. The market is currently going to be difficult to handle two, but longer-term looks at this market suggests something could be coming.
Read MoreS&P 500 Price Forecast – stock markets continue to break down
Stock markets continue to struggle overall, as we have sliced through a major support level. Overall, it looks as if the equities can’t get out of their own way, and it’s likely that rallies will only offer selling opportunities yet again.
Read MoreAUD/USD Forex Technical Analysis – Approaching Main Bottoms at .7020 and .6973, In Window of Time for Reversal Bottom
Based on Monday’s price action, the direction of the AUD/USD when trading resumes on Wednesday is likely to be determined by trader reaction to .7031.
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