David Becker Articles, Page 1

David Becker
David Becker
  • oil

    Natural Gas Price Analysis for December 14, 2017

    Natural gas prices moved higher on Wednesday as cold weather covered most of the mid-west and east coast. Despite the current conditions, the forecast for the next 8-14 days is for warmer than normal weather according to the National Oceanic Atmospheric Administration.  Warmer than normal weather reduces heating demand which

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  • Comex-Gold-Brick

    Gold Price Prediction for December 14, 2017

    Gold prices rebounded following a weaker than expected U.S. CPI report as the dollar lost ground paving the way for higher gold prices.  The Fed raised rates by 25-basis points which was widely expected, keeping gold prices buoyed. They also said that inflation declined, which also will keep the dollar

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  • oil

    Crude Oil Price Analysis for December 14, 2017

    Crude oil prices were trading lower on Wednesday following a mixed inventory report, which showed stronger U.S. oil production and higher week over week imports.  A large build in gasoline inventories were offset by a robust draw in crude, which means that refiners are trying to take advantage of elevated

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  • U.S. Dollar

    EUR/USD Daily Technical Analysis for December 14, 2017

    The EUR/USD continued to consolidate ahead of the FED and the ECB this week.  The Fed is widely expected to increase rates by 25 basis points while the ECB is expected to remain steadfast.  German inflation was confirmed with a gain relative to the prior month, while U.S. CPI missed

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  • board

    Stronger than Expected Eurozone Industrial Production Fails to Buoy European Equities

    European stock markets are mostly down, after a largely positive session in Asia. Japan underperformed as the yen strengthened amid a wider dip in the dollar, amid fresh concerns about Trump’s legislative agenda following the Democrats’ victory in Alabama and this also weighed on European markets, leaving the DAX down

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  • Natural Gas

    Natural Gas Price Analysis for December 13, 2017

    Natural gas prices tumbled through support levels breaking down and likely to see an acceleration toward support levels near a long term horizonal trend line near 2.52. Warmer than normal weather is forecast to cover most of the United States for the next 8-14 days according to the National Oceanic

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  • Comex Gold

    Gold Price Prediction for December 13, 2017

    Gold prices edged lower hitting the lows of the session early and crawling back throughout the day.  A stronger dollar driven by higher yields following Tuesday’s U.S. PPI weighed on the yellow metal. The short term trend points to lower prices until gold hits support near the July lows at

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  • crude oil

    Crude Oil Price Analysis for December 13, 2017

    WTI Crude oil prices attempted to break out early in the trading session, following Brent crude oil prices higher as a pipeline in the North Sea was closed due to a crack which was causing oil to leak. Trader’s await the EIA inventory report on Wednesday to determine if U.S.

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  • forex snapshot

    EUR/USD Daily Technical Analysis for December 13, 2017

    The EUR/USD moved lower as softer than expected German investors confidence combined with stronger than expected U.S. inflation data gave a boost to the greenback and weighed on the Euro.  U.S. small business confidence was also strong along with U.S. chain store sales.TechnicalsThe EUR/USD moved lower on Tuesday initially moving

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  • central banks

    Soft German ZEW Weighs on DAX Capping the Upside for European Equities

    European stock markets are higher on Tuesday, but have had difficulty gaining traction as weak German sentiment weighed on the DAX. European yields are moving higher, led by Gilts, after stronger than expected inflation data and as the FTSE 100 moved higher. The unexpected jump in U.K. CPI added to

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  • Natural Gas

    Natural gas Price Analysis for December 12, 2017

    Natural gas prices moved higher on Monday, forming a bear flag pattern, with a dead cat bounce.  Warmer than normal weather is expected to cover most of the United States for the next 8-14 days according to the National Oceanic Atmospheric Administration.  Prices bounced off support levels generated from an

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  • Gold Bars and Dollar

    Gold Price Prediction for December 12, 2017

    Gold prices consolidated after last weeks tumble, and is trading near its recent lows following a drop through support near a horizontal trend line that extends the lows seen in October which is resistance near 1,260.  Additional resistance is seen near the 10-day moving average at 1,268. Support on the

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  • oil

    Crude Oil Price Analysis for December 12, 2017

    Crude oil prices moved higher on Monday but continues to trade in a tight range at elevated levels. Inventory data over the past few weeks has been mixed, but what is clear is that refiners are running at higher than normal levels in an effort to take advantage of large

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  • forex snapshot

    EUR/USD Daily Technical Analysis for December 12, 2017

    European yields declined less than U.S. yields allowing the EUR/USD to gain traction, but close off the exchange rate’s highs of the day. Norwegian CPI for November unexpectedly dipped, to a 1.0% year over year rate after 1.1% in the prior month, contrary to the median forecast for a tick

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  • U.S. Dollar

    Central Banks Take Center Stage this Week

    European shares were mixed on Monday following gains across Asia and the record high the S&P 500 clocked on Friday. Despite the firming equity markets, European yields are down. The Gilt yield has dropped by 2.6 basis points, to 1.251%, pulling back after soaring higher on Friday following news that

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  • Natural Gas

    Natural Gas Price Analysis for December 11, 2017

    Natural gas prices attempted to bounce, but were rejected after breaking down on Thursday in the wage of an unexpected draw in natural gas inventories reported by the Energy Information Administration.  Prices were under pressure following a report from the National Oceanic Atmospheric Administration which forecasts that the weather will

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  • Gold Bars

    Gold Price Prediction for December 11, 2017

    Gold prices rebounded creating a dead cat bound, as the dollar lost ground despite a robust payroll report. Wage growth remains tepid, which is keeping a cap on U.S. yields, which help stop the rally in the greenback.  Support is seen near the July lows at 1,204, while resistance is

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  • Crude Oil

    Crude Oil Price Analysis for December 11, 2017

    Crude oil prices rebounded on Friday following stronger than expected payroll data which shows strong growth but soft wage growth.  Solid growth will increase the demand for oil, and softer wages will help cap yields which should keep a lid on the dollar which is a good prescription for stronger

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  • daily economic

    EUR/USD Daily Technical Analysis for December 11, 2017

    The EUR/USD rebounded from its lows and closed at the highs of the session which still was a minor loss on the day.  A stronger than expected payroll report, initially buoyed the greenback, but yields came off late in the U.S. session as traders focused on the lack of wage

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  • Monday Support and Resistance Levels – December 04, 2017

    U.S. Payrolls Were Stronger than Expected, Buoying the Dollar

    U.S. nonfarm payrolls increased 228k in November after climbing 244k in October, compared to the 195K expected, which was revised from 261k following a 38K gain September gain which was the results of U.S. hurricanes. The unemployment rate held at 4.1%. The labor force bounced 148k versus -765k in October,

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SymbolLast PriceChange
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1.1828
+0.0086
+0.73%
GBPUSD
GBP/USD
1.3411
+0.0094
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XAUUSD
Gold
1255.5
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+1%
CL
Crude Oil
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-1.28%
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S&P 500
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+0.17%
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DAX 30
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-98.000
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