David Becker Articles

        12 hours ago

        Natural Gas Price Analysis for August 17, 2017

        Natural gas prices moved lower on Wednesday dropping 1.5%, despite a forecast for warmer than normal weather which is expected to cover most of the United States over the next 8-14 days. Warmer than normal weather generally generates additional cooling demand which usually buoys natural gas prices. Traders will now await Thursday’s inventory report which … Continue reading Natural Gas Price Analysis for August 17, 2017

        13 hours ago

        Gold Price Prediction for August 17, 2017

        Gold prices moved higher as confidence in President Trump continued to unwind as leaders of two-specific forums resigned. Some of the leaders of the largest companies in the United States said they could not participate given the Presidents take on the events in Charlottesville.  Additionally, the drop in housing starts, weighed on the dollar, paving … Continue reading Gold Price Prediction for August 17, 2017

        WTO Oil Analysis
        13 hours ago

        Crude Oil Price Analysis for August 17, 2017

        Crude oil prices traded under pressure, despite a larger than expected draw in crude oil inventories and robust distillate demand reported on Wednesday by the Department of Energy.  News that Libya was increasing output at its largest field seemed to trump the reports on inventory draws. Imports moved higher on a weekly basis, despite Saudi … Continue reading Crude Oil Price Analysis for August 17, 2017

        EUR/USD
        13 hours ago

        EUR/USD Daily Technical Analysis for August 17, 2017

          The EUR/USD was nearly unchanged on Wednesday after moving lower during the European trading hours, following a softer than expected U.S. Housing Starts report. Draghi is reported to maintain a key message at Jackson Hole and will refrain from delivering new policy. Technicals The EUR/USD formed a doji day opening and closing at the … Continue reading EUR/USD Daily Technical Analysis for August 17, 2017

        European Stocks
        21 hours ago

        European Stock Continue to Rally Following Strong UK Labor Data

        European stock markets surge higher after mixed Asian session. Data releases and easing concerns over the QE challenge at Europe’s top court helped stock markets to move broadly higher, with the DAX up 0.85% and back at levels last seen ahead of the North Korea tensions knocked markets. The Euro Stoxx 50 is up nearly … Continue reading European Stock Continue to Rally Following Strong UK Labor Data

        yesterday

        Natural Gas Price Analysis for August 16, 2017

        Natural gas prices were unable to hold on to gains made early in the session.  This comes despite today’s NOAA forecast that shows that the weather is expected to be warmer than normal over the next 2-weeks, which should drive up cooling demand during the latter part of the summer.  Traders await Thursday’s inventory report … Continue reading Natural Gas Price Analysis for August 16, 2017

        yesterday

        Gold Price Prediction for August 16, 2017

        Gold prices moved lower as the dollar gained traction following a stronger than expected Empire State Manufacturing report and better than expected U.S. retail sales.  Gold has put in a triple top with the August highs at 1,292 and the June highs at 1,296 seen as robust resistance. Support is seen near the 10-day moving … Continue reading Gold Price Prediction for August 16, 2017

        Oil
        yesterday

        Crude Oil Price Analysis for August 16, 2017

        Crude oil prices edged higher on Tuesday ahead of the inventory reports released by the API and the DOE.  Saudi Arabia has been reducing exports, which is keeping traders on their toes, and helping to buoy prices despite the recent downward pressure. Stronger than expected retail sales lifted the U.S. dollar which weighs on crude … Continue reading Crude Oil Price Analysis for August 16, 2017

        EUR/USD
        2 days ago

        EUR/USD Daily Technical Analysis for August 16, 2017

        The EUR/USD edged lower on Tuesday as stronger than expected U.S. retail sales and Empire State Manufacturing report helped buoy yields and boosted the greenback.  German GDP was in line with expectations, but Q1 was revised higher. The yield differential moved in favor of the U.S. dollar paving the way for a lower exchange rate. … Continue reading EUR/USD Daily Technical Analysis for August 16, 2017

        2 days ago

        Weak Inflation Will Likely Keep the BoE at Bay

        Stock markets continue to rise, although the rally is somewhat running out of steam. In Asia, the Nikkei still managed a 1.11% gain, in catch up trade and as the Yen moved down from recent highs amid fresh USD strength. Elsewhere indices moved more cautiously, however, and the Hang Seng lost -0.28%. In Europe market … Continue reading Weak Inflation Will Likely Keep the BoE at Bay

        3 days ago

        Natural Gas Price Analysis for August 15, 2017

        Natural gas prices whipsawed higher and quickly reversed on Monday, forming an outside day which is a reversal pattern that usually comes at the end of an uptrend. Prices has been buoyed coming into the Monday trading session following last week’s smaller than expected build in natural gas inventories.  Warmer than normal weather continues to … Continue reading Natural Gas Price Analysis for August 15, 2017

        3 days ago

        Gold Price Prediction for August 15, 2017

        Gold prices moved lower on Monday as risk aversion abates, after testing resistance on Friday near the June highs at 1,296. Softer than expected Chinese Retail Sales helped soften gold prices. Trader appear to have put the standoff between the U.S. and North Korea in the rear-view mirror for the momentum. Support on the yellow … Continue reading Gold Price Prediction for August 15, 2017

        Crude Oil
        3 days ago

        Crude Oil Price Analysis for August 15, 2017

        Geopolitical risks subsided on but this did not stop the pressure on oil prices which moved lower on Monday.  Despite declining inventories and softening U.S. imports, prices have been unable to pierce through the $50 handle. Additionally, Libya announced today that it has stop loading oil cargo at the Zeuitina oil terminal, which did not … Continue reading Crude Oil Price Analysis for August 15, 2017

        EUR/USD
        3 days ago

        EUR/USD Daily Technical Analysis for August 15, 2017

        Geopolitical risks abated on Monday as stocks gained traction as safe haven assets started to contract.  Last week’s softer than expected inflation released in both the U.S. and Europe, did little to help put pressure on central banks to make a move. The ECB is on vacation but recent events will do little to change … Continue reading EUR/USD Daily Technical Analysis for August 15, 2017

        Forex Snapshot
        3 days ago

        Stocks Rebound as Risk Aversion Abates

        Stock prices continued to recover as risk aversion abated on Monday. The moved to safe haven assets which started to recede in post-U.S. data trade, continued to retreat in Asia and modest gains in the Dow Jones last Friday were followed by a broad bounce back in stock markets in Asia ex-Japan and Europe. The … Continue reading Stocks Rebound as Risk Aversion Abates

        6 days ago

        Natural Gas Price Analysis for August 14, 2017

        Natural gas prices initially moved lower on Friday, but rebounded during the PM trading session, and were nearly unchanged on the day.  Thursday’s smaller than expected increase in natural gas inventories buoyed the markets allowing natural gas to surge to hit the highs for August. Warmer than normal weather is now forecast to cover most … Continue reading Natural Gas Price Analysis for August 14, 2017

        Gold
        6 days ago

        Gold Price Prediction for August 14, 2017

        Gold prices continued to move higher on Friday, after breaking out this week and poised to test resistance near the June highs at 1,296. The standoff between the U.S. and North Korea is driving market volatility and generating demand for safe-haven assets such as gold. Softer than expected consumer inflation weighed on the dollar paving … Continue reading Gold Price Prediction for August 14, 2017

        Crude Oil
        6 days ago

        Crude Oil Price Analysis for August 14, 2017

        Crude oil prices rebounded from session lows, as riskier assets rebounded following Thursday’s surge in volatility in the wake of the standoff between the White House and North Korea.  The IEA reported an estimate of rising demand, following the release of data that showed that OPEC produced more oil than expected in July. Technicals Crude … Continue reading Crude Oil Price Analysis for August 14, 2017

        6 days ago

        EUR/USD Daily Technical Analysis for August 14, 2017

        The EUR/USD edged higher, as the dollar eased, following softer than expected consumer inflation, which was also the case throughout Europe. U.S. yields moved lower, with the 10-year dropping below the 2.2% level, and pushing the yield differential in favor the Euro. Technicals The EUR/USD edged higher on Friday moving in tandem with the 10-day … Continue reading EUR/USD Daily Technical Analysis for August 14, 2017

        Weekly Stock Market Outlook
        6 days ago

        Volatility Continues as Tensions Remain High

        European stock markets are selling off after a sharp drop in Asia ex Japan overnight. Japan was on holiday and so far, escaped the fallout from intensifying rhetoric between the U.S. and North Korea, but the Hang Seng closed with a loss of -2.04%, the CSI 300 lost -1.85% and the ASX -1.18%. The selloff … Continue reading Volatility Continues as Tensions Remain High

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