David Becker Articles

        ECB Forum Discussion Will Get Investors Attention
        7 hours ago

        EUR/USD Daily Technical Analysis for June 29, 2017

        The EUR/USD whipsawed following ECB officials suggesting markets misjudged Draghi comments. According to reports citing unnamed ECB policy makers Draghi’s speech yesterday was intended to strike a balance between recognizing economic strength and warning that monetary support is still needed. So, after Draghi’s reference to possible policy changes served as a reminder that tapering announcements … Continue reading EUR/USD Daily Technical Analysis for June 29, 2017

        8 hours ago

        Natural Gas Price Analysis for June 29, 2017

        Natural gas prices pushed higher closing above trend line resistance, as warmer than normal weather is forecast to cover most of the United States over the next 8-14 days according to the Nation Oceanic Atmospheric Administration.  Prices pushed to test June highs at 3.12, but were unable to hold these elevated levels ahead of Thursday … Continue reading Natural Gas Price Analysis for June 29, 2017

        8 hours ago

        Gold Price Prediction for June 29, 2017

        Gold prices were nearly unchanged, generating a doji day which is a scenario where the open and the close are at the same level reflecting indecision. Softer than expected Italian inflation showed and a clarification of Draghi’s comments on Tuesday, helped take the edge off the Euro and capped gold prices. Support is seen near … Continue reading Gold Price Prediction for June 29, 2017

        Crude Oil
        8 hours ago

        Crude Oil Price Analysis for June 29, 2017

        Crude oil prices continued to rebound on Wednesday despite an unexpected build in crude oil inventories compared to the draw that was expected.  It appears that managed money moved out of their long positions in futures and options over the past few weeks, allowing prices to rebound.  Demand continues to remain subdued, especially gasoline which … Continue reading Crude Oil Price Analysis for June 29, 2017

        17 hours ago

        Hawkish Tone and Delay of Health Care Vote Undermine Stocks

        Global stock markets remain under pressure, with equities continuing to slide, after a largely negative close in Asia. The Nikkei had lost 0.47% at the close, the Hang Seng was down -0.61%, while the ASX managed to outperform with a 0.73% gain as oil prices held slightly above USD 44 per barrel. The Canadian dollar … Continue reading Hawkish Tone and Delay of Health Care Vote Undermine Stocks

        yesterday

        Natural Gas Price Analysis for 6/28/17

        Natural gas prices moved higher on Tuesday but were unable to recapture resistance.  Warmer than normal weather is forecast to cover most of the United States according to the latest forecast by the National Oceanic Atmospheric Administration. Warm weather increases cooling demand which helps buoy natural gas prices. Momentum Has Turned Positive Resistance on natural … Continue reading Natural Gas Price Analysis for 6/28/17

        yesterday

        Gold Price Prediction for June 28, 2017

        Gold prices rose and the dollar declined following Draghi’s comments that the ECB may adjust policy. Draghi urged caution about exit steps and stressed that a substantial amount of stimulus remains necessary, but he added that with policy becoming more accommodative as the recovery progresses the ECB may have to adjust policy to maintain its … Continue reading Gold Price Prediction for June 28, 2017

        Crude Oil
        yesterday

        Oil Price Analysis for June 28, 2017

        Oil prices moved higher on Tuesday for the 4th consecutive trading session as prices bounced ahead of Wednesday inventory report from the Department of Energy.  The long liquidation that ensued over the prior 2-weeks reduced long position by hedge funds, helping the markets gain neutrality.  Now that hedge funds are out of the market on … Continue reading Oil Price Analysis for June 28, 2017

        Currencies Notes
        yesterday

        EUR/USD Daily Technical Analysis for June 28, 2017

        The EUR/USD surged higher breaking out following comments from the ECB Draghi which hinted at policy adjustment, but pledges caution. Draghi’s comments seem to be the clearest indication from the central bank head yet, that the ECB is heading for a shift in policy parameters. Like at the last council meeting, Draghi sounded more upbeat … Continue reading EUR/USD Daily Technical Analysis for June 28, 2017

        ECB Mario Draghi
        2 days ago

        The Euro Rises Sharply Following Draghi’s Hawkish Comments

        The Euro soared and yields rallied as European stock markets moved lower across the board following comments from the ECB’s Draghi. Risk appetite waned after some disappointing U.S. data Monday, which rekindled concern about the health of the global recovery and Asian markets closed mixed: Nikkei and CSI 300 managed to move higher, while Hang … Continue reading The Euro Rises Sharply Following Draghi’s Hawkish Comments

        2 days ago

        Natural Gas Price Analysis for June 27, 2017

        Natural gas prices moved higher on Monday following a forecast from the National Oceanic Atmospheric Administration which shows that warmer than normal weather is expected to cover most of the United States for the next 8-14 days, driving up natural gas demand.  Prices rebounded sharply climbing more than 3.4%.  The next level of target resistance … Continue reading Natural Gas Price Analysis for June 27, 2017

        2 days ago

        Gold Price Prediction for June 27, 2017

        Gold prices moved lower on Monday, as riskier assets gained traction following Italy’s move to buoy failing banks.  The dollar gained traction paving the way for lower gold prices.  Prices tumbled down and is poised to test target support near an upward sloping trend line that comes in near 1,233.  Resistance on the yellow metal … Continue reading Gold Price Prediction for June 27, 2017

        Crude Oil
        2 days ago

        Crude Oil Prices Analysis for June 27, 2017

          WTI crude topped at $43.65, after closing at $43.14 on Friday. The contract has since eased back closing off the highs of the session. A modest bounce in the dollar prompted some oil selling, though with demand expectations remaining relatively steady for H2 2017, focus remains on the supply side of the equation. The … Continue reading Crude Oil Prices Analysis for June 27, 2017

        EUR/GBP
        2 days ago

        EUR/USD Daily Technical Analysis for June 27, 2017

        The EUR/USD traded in a sideways pattern, despite a stronger than expected German IFO survey which failed to buoy the currency pair.  U.S. yields continued to trade on the defensive, as a soft Chicago National Activity index and a milder than expected Durable Goods Orders report, took the luster off the greenback. Technicals The EUR/USD … Continue reading EUR/USD Daily Technical Analysis for June 27, 2017

        German Stocks
        3 days ago

        German Stocks Hit Fresh Highs Following Robust June IFO

        European stock markets move broadly higher, led by a 1.4% rise in the Italian MIB, which rallied after the government announced aid and resolutions for two troubled banks. The German DAX is up and has cleared the 12800 mark again after a record Ifo reading, while the FTSE 100 shrugged off a stronger Pound and … Continue reading German Stocks Hit Fresh Highs Following Robust June IFO

        5 days ago

        Natural Gas Price Analysis for June 26, 2017

        Natural gas prices held support level and consolidated some of the weekly loss as prices were down 3.5% for the week.  Lofty storage levels than increased this week more than expected continues to weigh on natural gas.  Support is seen near an upward sloping trend line that comes in near 2.88. Resistance is seen near … Continue reading Natural Gas Price Analysis for June 26, 2017

        5 days ago

        Gold Price Prediction for June 26, 2017

        Gold prices moved higher on Friday, edging off support levels, as the dollar lost ground, paving the way for higher gold prices. Resistance is seen near the 50-day moving average at 1,258.  The 10-day moving average crosses below the 50-day moving average which means that a short-term downtrend is in place.  Support is seen near … Continue reading Gold Price Prediction for June 26, 2017

        Crude Oil
        5 days ago

        Crude Oil Price Analysis for June 26, 2017

        Oil prices were nearly unchanged on Friday, but this past week was a difficult one for oil bulls as prices fell more than 4%.  Oil prices are now down more than 20% since hitting a high in January placing the market officially into bear market territory. Domestic demand for gasoline is faltering, while export production … Continue reading Crude Oil Price Analysis for June 26, 2017

        EUR/GBP
        5 days ago

        EUR/USD Daily Technical Analysis for June 26, 2017

        The EUR/USD moved higher as European yields backed up following a stronger than expected revision to French GDP and solid manufacturing PMIs.  In generally the producer sentiment surveys were mixed with the services PMIs going in weaker than expected. Technicals The EUR/USD currency pair pushed through resistance which is now seen as short-term support near … Continue reading EUR/USD Daily Technical Analysis for June 26, 2017

        Stocks
        6 days ago

        Stocks Consolidate as Producer Sentiment is Mixed

        European stocks slightly down, in tepid markets. The DAX had a volatile week, with record highs over 12900 early in the week, followed by a correction to the 12700-12800 range. The Euro Stoxx 50 is down  after mixed PMI readings that suggest a slowdown in growth momentum. The FTSE 100 meanwhile is pressured by a … Continue reading Stocks Consolidate as Producer Sentiment is Mixed

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