14 July 2018

Below you can find our 14 July 2018 posts archive, organized chronologically.
  • AUD/USD daily chart, July 16, 2018

    AUD/USD Price Forecast – Australian dollar falls hard to open the day

    The Australian dollar has fallen rather hard during the opening hours of the Friday session, but I also have seen a lot of support near the 0.7350 region. This is an area that has seen a lot of demand as of late, so it will be interesting to see whether we can break down below it.

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  • EUR/USD daily chart, July 16, 2018

    EUR/USD Price Forecast – Euro falls to look for support on Friday

    The Euro fell initially during the day on Friday, reaching down to the 1.1600 level initially, but is looking like buyers are coming back into trying to lift this market at what I think is a reasonably strong demand level.

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  • GBP/JPY daily chart, July 16, 2018

    GBP/JPY Price Forecast – British pound falls initially on Friday to find buyers below

    The British pound initially fell during the day on Friday, breaking down towards the ¥147.50 level before turning around and showing signs of life. The market looks as if it is trying to go higher though, as the Americans, board.

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  • GBP/USD daily chart, July 16, 2018

    GBP/USD Price Forecast – British pound snaps back after initially falling on Friday

    The British pound has initially falling during the day on Friday, but then bounced rather hard from the 1.31 level to show signs of resiliency again. By doing so, this shows that there is a lot of demand near the 1.31 handle, and therefore I think we are starting to put a bit of a “floor” in the market.

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  • USD/JPY daily chart, July 16, 2018

    USD/JPY Price Forecast – US dollar churning for Friday session

    The US dollar has turned sideways overall during the day on Friday, as we hover above the vitally important ¥112.50 level. This was a target for me previously, and I expect to see a lot of digestion of the gains in this area.

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  • Gold daily chart, July 16, 2018

    Gold Price Forecast – Gold drifts lower against stronger US dollar

    Gold markets continue to be very noisy overall, and I think that at this point we will more than likely see volatility. I believe that the $1225 level will offer support, just as the $1250 level will massive resistance. I believe that the market will continue to be very difficult over the short term, of course driven by news headlines.

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  • Natural gas daily chart, July 16, 2018

    Natural Gas Price Forecast – natural gas falls again on Friday

    The natural gas markets fell again during the trading session on Friday, breaking through the $2.78 level, an area that had cause support recently. It looks very negative as we close out the week, and therefore I think there are quite a few sellers out there to continue to push lower.

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  • Crude Oil daily chart, July 16, 2018

    Crude Oil Price Forecast – crude markets stabilize on Friday

    Crude oil markets were stable on Friday, a welcome reprieve from the massive selling that we had seen. Ultimately, the market looks as if there is a lot of bearish pressure above though, so I think that at this point buyers are going to be a bit cautious about putting too much money to work.

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  • Silver daily chart, July 16, 2018

    Silver Price Forecast – Silver markets a bit softer on Friday

    Silver markets fell a bit during the day on Friday, reaching down towards the $15.75 level, but did find a bit of support underneath. We are approaching significant demand levels on longer-term charts, so I think it’s only a matter time before the buyers show back up and take advantage of cheap silver.

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  • S & P 500 daily chart, July 16, 2018

    S&P 500 Price Forecast – S&P 500 continues to find resiliency

    The S&P 500 initially tried to break out to the upside and above the 2800 level premarket hours, but then we pulled back towards the 50 EMA on the hourly chart. As I record this though, it looks like we are ready to continue going higher.

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  • AUD/USD weekly chart, July 16, 2018

    AUD/USD Weekly Price Forecast – Australian dollar testing support again

    The Australian dollar has fallen during the week, reaching towards the 0.7350 level underneath, an area that continues to see a lot of demand. I believe that the demand goes down to the 0.73 level after that, so those who are more apt to look for value propositions, this could be your opportunity.

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  • EUR/USD weekly chart, July 16, 2018

    EUR/USD Weekly Price Forecast – Euro falls during the week but sees support underneath.

    The Euro fell a bit during the week, but still sees a significant amount of support underneath, especially near the 1.15 level underneath. I believe that the market will continue to look at that market as being very well supported, but it’s obvious that the difficulties continue.

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  • GBP/JPY weekly chart, July 16, 2018

    GBP/JPY Weekly Price Forecast – British pound rallies against Japanese yen for the week

    The British pound rallied significantly during the week, after initially dipping against the Japanese yen. It looks as if the Japanese yen will continue to get pounded, mainly because it is obvious that with the inverting yield curve, the Bank of Japan will not be tightening monetary policy anytime soon.

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  • GBP/USD weekly chart, July 16, 2018

    GBP/USD Weekly Price Forecast – British pound continues to tread water

    The British pound continue to go back and forth during the week, ultimately settling on a negative candle focusing on the 1.32 level. This is an area that I think will continue to define where we go longer-term, but I do see a lot of demand underneath that of course makes it a very interesting proposition.

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  • USD/JPY weekly chart, July 16, 2018

    USD/JPY Weekly Price Forecast – US dollar explodes to upside for the week

    The US dollar has rallied significantly during the trading week, breaking above the ¥111 level, an area that has been very important over the last couple of months.

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  • Gold weekly chart, July 16, 2018

    Gold Weekly Price Forecast – Gold markets struggle during the week

    Gold markets initially trying to rally during the week but found enough resistance near the $1270 level to turn around and break through the $1250 level. At this point, the market looks as if it is trying to break down below the $1240 level, reaching to lower levels which is where I see a lot of demand.

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  • Natural gas weekly chart, July 16, 2018

    Natural Gas Weekly Price Forecast – natural gas markets running out of hope?

    Natural gas markets fell again during the week, dropping down to the $2.77 level by the time we got around to the Friday session. It looks likely that we will continue to see a lot of noise in this marketplace, but ultimately it makes sense that we follow as there’s far too much in the way of oversupply.

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  • Crude Oil weekly chart, July 16, 2018

    Crude Oil Weekly Price Forecast – crude oil markets find massive resistance

    Crude oil markets initially tried to rally during the week but found the area just above as massive resistance. With Libyan ports opening up, is very likely that we will continue to see more supply put into the marketplace.

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  • Silver weekly chart, July 16, 2018

    Silver Weekly Price Forecast – Silver drifts lower for the week

    Silver markets drifted a bit lower during the week, initially trying to break above the $16 level before finding more negativity. However, there is a major demand that level just below, and I think it’s only a matter of time before the buyers step in and pick this thing out.

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  • S & P 500 weekly chart, July 16, 2018

    S&P 500 Weekly Price Forecast – S&P 500 rallies again for the week

    The S&P 500 rallied during the week, slamming into the 2800 level on Friday. It looks as if this is a market that will try to break out above there, and then perhaps reaching towards the upside. Short-term pullbacks could be buying opportunities based upon value.

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  • Cryptocurrencies in May – Month in Review

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 14/07/18

    It’s a slow start to the day, with investors keeping an eye out for the signs of a weekend rally to ease some of the negative sentiment that has weighed on the majors through the week.

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  • Bitcoin – Good News is Bad News and That’s Bad for Bitcoin

    The Bitcoin bulls will be in search of an early weekend rally to attempt to restore some confidence in the cryptomarket following relatively heavy losses in the week, though we can expect plenty of resistance.

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  • Higher Stock Market

    S&P 500 Index Posts Best Close Since February, Dow Finishes Over 25,000

    With just over 5 percent of S&P 500 companies reporting thus far, earnings growth is up 16.37 percent. U.S. import prices fell the most in more than two years in June. U.S. consumer sentiment hit a six-month low as tariff worries more than doubled, dampening optimism over the economy. The preliminary data showed that consumer sentiment fell to 97.1, its lowest level since January. The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. Finally, Atlanta Fed President Raphael Bostic said Friday he favors one more interest-rate hike this year, given current economic conditions.

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  • rates

    U.S Mortgages – Up for the First Time in 4-Weeks

    U.S mortgage rates were on the rise last week, following much needed support from the Oval Office, as market jitters over an extended trade war abated in the 2nd half of the week.

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  • U.S. Treasury Yields

    Despite Reports of Higher Inflation, Treasury Yields Finish Week Flat Amid Consumer Sentiment Concerns

    U.S. Federal Reserve Chairman Jerome Powell said in an interview this week that he believed “the economy’s in a really good place” at the moment with unemployment at the lowest point in nearly two decades and inflation finally approaching the Fed’s optimal goal of 2 percent annual increases.

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  • US Dollar

    Dollar Boosted by Robust Inflation Reports, Pressured by Consumer Confidence Weakness

    There were no other major releases last week so the price action in the Australian Dollar, New Zealand Dollar and Japanese Yen was primarily influenced by the U.S. producer and consumer inflation data as well as the consumer confidence report. Traders reacted to these reports because they could help influence the Fed’s interest rate decisions later this year.

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