David Becker Articles, Page 1

David Becker
David Becker
  • U.S. Dollar Index

    EUR/USD Daily Technical Analysis for February 26, 2018

    The EUR/USD continue to trade on the defensive as softer inflation was confirmed in the Eurozone.  German Q4 GDP was confirmed as expected and the Fed’s Monetary Policy report did not offer anything new.TechnicalsEUR/USD traded on either side of 1.2300 through the session, though has printed its fifth consecutive lower

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  • Crude Oil

    Crude Oil Price Analysis for February 26, 2018

    Crude oil prices surged higher on Friday climbing more than 1.3% and notching up a solid 3% gain for the week. A surprising drop in crude oil inventories along with a decline in U.S. production paved the way for higher prices. Demand remains robust for nearly all products, including gasoline

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  • Natural Gas

    Natural Gas Price Analysis for February 26, 2018

    Natural gas prices edged lower on Friday holding support level despite colder than normal weather which continues to spread across most of the western portion of the United States. The EIA released their inventory figures which showed a larger than expected draw but stocks remain within their 5-year average range. 

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  • Gold Bars and Dollar

    Gold Price Prediction for February 26, 2018

    Gold prices held support levels, despite softer than expected data released out of the Eurozone this week. Eurozone inflation was confirmed at lower levels and Germany provided details of its Q4 expansion which showed that private consumption and capital investment were unchanged.TechnicalsGold prices where nearly unchanged on Friday holding support

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  • grains

    Daily Grains Analysis for February 26, 2018

    Grain prices are slightly higher despite a bearish tone for soybeans which has been ignored as acreage will likely catch up with corn plantings in 2018, according to the USDA. Additionally, soybean oil stocks are experiencing a very quick build over the prior three month period.  According to NOPA, stocks

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  • Gold Bars and Dollar

    Gold Price Prediction for February 23, 2018

    Gold prices rebounded from session lows bouncing at support near an upward sloping trend line at 1,320.  Resistance on the yellow metal is seen near the 10-day moving average at 1,337. Momentum is negative as the MACD (moving average convergence divergence) index is printing in the red with a downward

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  • market

    EUR/USD Daily Technical Analysis for February 23, 2018

    EUR/USD rebounded from session lows despite a weaker than expected IFO survey and higher U.S. yields.  French business confidence was weaker than expected, and French inflation was confirmed at 1.5%. Eurozone consumer confidence corrected while jobless claims dropped to a very tight level.TechnicalsThe EUR/USD rebounded after dropping below trend line

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  • Crude Oil

    Crude Oil Price Analysis for February 23, 2018

    Crude oil prices move higher on Thursday following an unexpected draw in inventories reported by both the EIA and API.  The Department of Energy’s inventory report was released a day late due to the observance of the President’s Day holiday.  Imports into the United States continue to decline, and demand

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  • Natural Gas

    Natural Gas Price Analysis for February 23, 2018

    Natural gas prices rebounded but were unable to break through Wednesday’s highs despite colder than normal weather which continues to spread across most of the western portion of the United States. The EIA released their inventory figures which showed a larger than expected draw but stocks remain within their 5-year

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  • grains

    Daily Grains Analysis for February 23, 2018

    Grain prices are higher again lead by soybean futures which continue to benefit from a dry weather forecast in South America.  A bearish tone for soybeans has been ignored as soybean acreage will likely catch up with corn plantings in 2018, according to the USDA. The agency expects farmers to

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  • Natural Gas

    Natural Gas Price Analysis for February 22, 2018

    Natural gas prices rebounded hitting an 8-day high as colder than normal weather continues to spread across most of the western portion of the United States.  Traders now await inventory data from the EIA which is scheduled for Thursday. A stronger than expected Markit manufacturing PMI also lifted natural gas

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  • gold

    Gold Price Prediction for February 22, 2018

    Gold prices moved lower but bounced at session lows as weaker than expected housing data was offset by hawkish fed minutes.  The yellow metal bounced at trend line support near 1,321, and could test target resistance near the 10-day moving average at 1,335. Momentum has turned negative as the MACD

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  • Crude Oil

    Crude Oil Price Analysis for February 22, 2018

    Crude oil prices moved lower as the firmer dollar over the last three sessions has introduced a sell-into-rallies theme, in a market where the speculative net long exposure has been running at or near record highs. Prices bounced off their lows following an unexpected draw in crude oil inventories reported

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  • Fed Minutes

    EUR/USD Daily Technical Analysis for February 22, 2018

    The EUR/USD moved lower on Wednesday following a hawkish Fed minutes that lifted U.S. yields pushing the yield differential in favor of the greenback.  This came as Eurozone PMI corrected sharply which weighed on the currency pair.TechnicalsThe EUR/USD moved through support levels, breaking through both the 10-day moving average at

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  • grains

    Daily Grains Analysis for February 22, 2018

    Grain prices are higher again lead by soybean futures which continue to benefit from a dry weather forecast in South America.  Export activity slipped, falling 14% to 640 TMT for the 2017/18 season and was 13% below the prior 4-week average of 740 TMT.  Hedge fund traders significantly reduced short

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  • grains

    Daily Grains Analysis for February 21, 2018

    Grain prices moved higher in the past week lead by soybean futures which closed higher on a weekly basis for the fourth time in the past five weeks.  Soybean prices for March and May delivery increased 3.9%, per bushel. Export activity slipped, falling 14% to 640 TMT for the 2017/18

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  • Natural Gas

    Natural Gas Price Analysis for February 21, 2018

    Natural gas prices whipsawed initially attempting to move higher, but unable to push through resistance levels. While demand was down in the latest weak which weighed on natural gas prices, colder than normal weather is moving east, which will drive up natural gas demand. Supply of natural gas is flat,

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  • Crude Oil

    Crude Oil Price Analysis for February 21, 2018

    Crude oil lifted for a fifth session, logging a 10-day high of 62.64. Prices have since ebbed to the upper $61.0s, though are still up a net 0.5% on the day. A firmer dollar, which has gained nearly 1.5% from Friday lows and news of reduced capacity in the Keystone

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  • U.S. Dollar Index

    EUR/USD Daily Technical Analysis for February 21, 2018

    EUR/USD bottomed at a five-session low of 1.2320, falling through its 10-day moving average of 1.2353 during the North American trading session. Trend high Treasury yields had weighed on the pairing, though U.S. fiscal deficit concerns could limit EUR/USD downside going forward. Eurozone consumer confidence was weaker than expected and

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  • Gold Price Prediction for February 21, 2018

    Gold prices moved lower on Tuesday as the dollar rebounded against most major currencies.  A softer than expected German ZEW survey was the catalyst that weighed on the EUR/USD. Prices of the yellow metal dipped through support near the 10-day moving average at 1,334, and is poised to test the

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SymbolLast PriceChange
EURUSD
EUR/USD
1.2296
-0.0028
-0.23%
GBPUSD
GBP/USD
1.3971
+0.0021
+0.15%
XAUUSD
Gold
1328.9
-1.2800
-0.1%
CL
Crude Oil
63.575
+0.9550
+1.53%
SPX
S&P 500
2747.0
+34.250
+1.26%
DAX
DAX 30
12539.2
+37.750
+0.3%
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