27 December 2018
U.S. Equity Markets Post Best Day in Nearly 10 Years
The major markets were helped by strong performances in the consumer discretionary, energy and technology sectors. All posted better than 6 percent gains. Additionally, just to highlight the current volatility in the markets, stocks went from posting their worst Christmas Eve in history to displaying their biggest post-Christmas rally for U.S. stocks ever.
Read MoreCrude Oil Posts Strongest Daily Performance in More Than Two Years
U.S. West Texas Intermediate and international benchmark crude oil futures posted their strongest daily performance in more than two years on Wednesday on short-covering and position-squaring amid steep gains in the U.S. stock market. Natural gas futures finished a volatile trading by posting a potentially bullish closing price reversal bottom on Wednesday. Gold prices rose sharply higher early in the session on Wednesday due to safe-haven buying fueled by concerns over the partial U.S. government shutdown, uncertainty over the direction of interest rates and stock market volatility.
Read MoreStock Market Rally Drives Yields Higher, Making U.S. Dollar More Attractive Investment
Higher U.S. Treasury yields helped make the U.S. Dollar a more attractive investment on Wednesday. This encouraged recent short-sellers to take profits and trim their bearish positions.
Read MoreU.S Consumer Confidence and Oval Office Chatter Keep the USD in Focus
A jump in Treasury yields did the trick for the Dollar on Wednesday, today’s stats will need to be solid for the USD to see more green.
Read MoreUSD/JPY Forex Technical Analysis – Strengthens Over 111.607, Weakens Under 111.347
Based on the early price action and the current price at 110.963, the direction of the USD/JPY on Thursday is likely to be determined by trader reaction to the 50% level at 111.347.
Read MoreBitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 27/12/18
It’s back in the red for the majors, with the bears looking to eat into last week’s gains.
Read MoreMonero Technical Analysis – Back in the $40s – 27/12/18
It’s back in the red for Monero’s XMR, a broad based reversal weighing early, with a move through to $49 levels needed to bring resistance levels into play.
Read MoreNZD/USD Forex Technical Analysis – Could Be Establishing Support Base at .6717 to .6697
Based on the early price action, the direction of the NZD/USD on Thursday is likely to be determined by trader reaction to the 50% level at .6717.
Read MoreBitcoin – Bears Target $3,700 to bring sub-$3,000 Levels back into Play
Bitcoin’s going to need to hold onto $3,800 levels to avoid a bigger sell-off, the bears looking to end the year with a bang.
Read MoreEUR/USD Price Forecast – EUR/USD Trades Zig-Zag Amid Holiday Thin Market on Dollar’s Recovery
An upsurge witnessed in T-bond yields boosted the greenback in broad market but surge in wall street and Asian equities which traded positive on cues from US markets helped limit dollar’s recovery in broad market,
Read MoreGBP/USD Price Forecast – GBP/USD To Trade Range Bound As Both Sides Fight For Upper Hand
the pair trades range bound as both Pound bulls and USD bulls have enough support to fight for upper hand but neither having a solid trigger to break the impasse.
Read MoreDAX Index Daily Price Forecast – DAX to Trade Positive on Increased Risk Appetite
Dax is expected to trade positive on cues from wall street and Asian markets.
Read MoreGold Trades Positive Despite Equity Rebound Capping Safe Haven Bulls
Precious metals trade in red on equity rebound but gold is supported by broad based safe haven demand.
Read MoreFrom Worst Christmas Eve to Best Day in a Decade
Markets have been starving for some positive news after market commentary had been mainly focused on global economic slowdown and recession fears
Read MoreOlymp Trade ceases registration for new clients in Russia
The decision to register new clients from Russia was taken due to the business strategy of the broker, which is going to focus on emerging markets, mostly in Asia, Africa and Latin America. This strategy has already been implemented and yielded first tangible results.
Read MoreRoboForex Introduces New Bonus and Raises Leverage Up to 1:2000
RoboForex, an international broker that provides online trading services on different financial markets, has announced a new bonus program, Profit Share Bonus, along with an increased leverage value, up to 1:2000
Read MoreTrading plan for December 27
According to the economic calendar, the most important event for today is the release of the CB consumer confidence at 17:00. Analysts anticipate the decline to 133.7 points
Read MoreBitcoin Price Speculation for 2019
Throughout the entire year of 2018, the market has yet to find its support. Each day news outlets and influencers have been calling bottoms, but with no avail. The volatility is so extreme that there is arguably just as much, or more merit to understanding the fundamentals.
Read MoreUSD/CAD Daily Price Forecast – USD Gains Upper Hand Supported by T.Yield & Wall Street Recovery
Oil-price action likely to remain the key driver amid a lack of fresh economic drivers and thin trading.
Read MoreOil Price Fundamental Daily Forecast – Look for Late Session Volatility With Release of Weekly API Report
With the traditional fundamentals still weak, crude oil is likely to continue to feel downside pressure. Of course, another steep recovery in the stock market will likely trigger another short-covering rally. However, without a support base, gains are likely to be limited.
Read MoreBitcoin And Ethereum Daily Price Forecast – BTC & ETH Trade Flat Post Santa Rally Amid Holiday Thin Market
Bitcoin has been unable to correct above $4,000 since the slide on December 25
Read MorePrice of Gold Fundamental Daily Forecast – Renewed Stock Market Weakness Could Drive Prices to $1284.10
There is also growing evidence of aggressive buying in the cash market which is providing support. According to some analysts, there has been an extensive surge in gold exchange trade fund holdings. With this move, investors are preparing for several uncertainties heading into 2019.
Read MoreNatural Gas Price Fundamental Daily Forecast – Uncertainty Over Short-Term Weather Outlook May Be Limiting Gains
March natural gas futures are posting a mild recovery on Thursday but still trading inside yesterday’s range. Prices could surge today if buyers can take out a short-term technical pivot at $3.384. However, gains could be limited by another potential resistance level at $3.546. The trend will change to up on a move through the last main top at $3.659.
Read MoreEUR/USD Mid-Session Technical Analysis for December 27, 2018
Basically, look for an upside bias to develop on a sustained move over 1.1392 and for a downside bias to develop on a sustained move under 1.1359.
Read MoreSinopec Scandal Drags On Chinese Equities, EU Markets Play Catch-Up, No Follow-Through For US Market
Futures are pointing to a negative open for the major indices on Thursday. Traders should expect more volatility in today’s trading with a possible retest of support levels confirmed in Wednesday trading.
Read MoreE-mini S&P 500 Index (ES) Futures Technical Analysis – December 27, 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 today’s intraday high at 2481.50. The new short-term range is 2316.75 to 2481.50. Its 50% level at 2399.00 is the primary downside target. This level is very important because aggressive counter-trend buyers could come in on a test of this level in an effort to form a secondary higher bottom.
Read MoreE-mini Dow Jones Industrial Average (YM) Futures Analysis – December 27, 2018 Forecast
Look for downside momentum as long as the market remains under today’s intraday high at 23008. If the selling pressure continues then look for a break into a series of retracement levels at 22230, 22151 and 22046. Watch for aggressive counter-trend buyers on a test of these levels. If they hold as support then we could see a reversal to the upside.
Read MoreUnpredictable Predictions 2019
Everyone wants to know what to expect in the New Year. Traders are not an exclusion. This time we created something new and interesting for you. We think that it’s boring to talk about things you can expect yours
Read MoreE-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 27, 2018 Forecast
Based on the early price action and the downside momentum, sellers are likely to drive the market into the short-term retracement zone at 6065.25 to 6007.50. Watch for buyers to step in on the first test of this zone. If successful, we could see a rebound rally with potential upside targets at 6310.00 and 6358.75. The rally will strengthen over 6358.75 with 6485.75 the next target.
Read MoreAUD/USD Price Forecast – Australian dollar falls again
The Australian dollar has fallen again during the trading session on Thursday, reaching down towards the 0.70 level. This is an area that should offer significant support though, and I think that if we can break down below there, the market could really start to pick up speed.
Read MoreEUR/USD Price Forecast – Euro rallies but fails
The Euro rallied a bit during the trading session on Thursday initially, but ran into resistance near the 1.1450 level. By fading away, this shows that the market isn’t quite ready to break out to the upside quite yet.
Read MoreGBP/JPY Price Forecast – British pound breaking major resistance
The British pound has sliced through the ¥140 level again on Thursday, an area that of course is going to be psychologically and structurally important. However, I do think that eventually we go below there.
Read MoreGBP/USD Price Forecast – British pound continues to roll over
The British pound continues to rollover overall, as the Brexit of course weighs upon the currency. Beyond that, we have recently tested major resistance, so it makes sense that we start to drift a bit lower.
Read MoreUSD/JPY Price Forecast – US dollar rolls over against Japanese yen
The US dollar fell during the trading session on Thursday again, as the Japanese yen continues to strengthen. Ultimately, I think that the breakdown that we have seen recently is a very ominous sign to say the least.
Read MoreGold Price Forecast – Gold markets continue to press resistance
Gold markets rallied a bit during the trading session on Thursday, breaking above the $1275 level. That is the top of the up trending channel, so the fact that we broke above there is a reasonably strong sign, but we have not cleared it definitively yet.
Read MoreNatural Gas Price Forecast – natural gas markets chop on Thursday
Natural gas markets went back and forth during the trading session on Thursday, as we are very thin as far as volume is concerned this time a year, and of course we have seen so much volatility that I think a lot of people are staying away.
Read MoreCrude Oil Price Forecast – crude oil markets pulled back
Crude oil markets pulled back a bit during the trading session on Thursday after having a monumental rise during the Wednesday session. There has been massive selling pressure for some time, and the relief rally looks as if it is running into a bit of trouble.
Read MoreSilver Price Forecast – Silver markets continue to break out
Silver markets rallied again during the trading session on Thursday, as we have left the $15 level in the rearview mirror. Ultimately, it looks as if we will continue to go higher and therefore I like the idea of buying dips.
Read MoreS&P 500 Price Forecast – stock markets roll over a bit
The S&P 500 fell during trading on Thursday as we may have gotten a bit overextended during that rally on Wednesday. Having said that, we are also overextended to the downside so expect more volatility as not only are we at extremes, volume might be an issue.
Read MoreU.S. Stocks Tumble Amid Renewed US -China Tensions
The markets opened the session lower on profit-taking, but selling began to accelerate after Reuters reported, citing three sources familiar with the situation, that President Donald Trump is considering an executive order to ban U.S. companies from using equipment build by Chinese firms Huawei and ZTE.
Read MoreValue-Seeking Buyers Drive Stocks Higher After Erasing Massive Losses
Although it’s too early to say the indexes have reached bottom, the fact that buyers are coming in on the dips is impressive. The rally on Wednesday was likely fueled by short-covering, but Thursday’s rally was probably supported by buyers.
Read More
