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James Hyerczyk Articles

Crude Oil OPEC Logo
6 hours ago

Tracking Production Cut Compliance Could Prove Difficult for OPEC

Three weeks into the new year and 21 days since OPEC/Non-OPEC countries began cutting output, we have the first meeting of representative of the cartel and several other major oil producers outside the cartel, in Vienna, to discuss compliance with the oil production cut agreement. The purpose of the meeting will be to establish a … Continue reading Tracking Production Cut Compliance Could Prove Difficult for OPEC

Trump (1)
yesterday

Will Investors Give Trump 100 Days to Work Out the Details of His Policies?

Stocks retreated from their highs and gold prices firmed shortly after Donald Trump was sworn in as President of the United States. Of course, it’s is still early in the session, but if the current price action is any indication, we can expect volatility into the close. Trump delivered a 16-minute inauguration speech on Friday … Continue reading Will Investors Give Trump 100 Days to Work Out the Details of His Policies?

Donald_Trump 5
yesterday

Stocks Steady Ahead of Trump’s Inauguration

U.S. stocks were trading higher shortly before the inauguration of President Donald Trump. This may be an indication that investors are willing to give Trump the benefit of the doubt when it comes to his policies at least over the short-term. Recently, he took heat because he has not yet revealed the details of this … Continue reading Stocks Steady Ahead of Trump’s Inauguration

E-mini Dow Jones Industrial Average
yesterday

E-mini Dow Jones Industrial Average (YM) Futures Analysis – January 20, 2017 Forecast

March E-mini Dow Jones Industrial Average future are trading slightly better shortly before the cash market opening. The market is trading inside yesterday’s range which indicates investor decision and impending volatility. Unless aggressive counter-trend buyers came in late yesterday and earlier today, the price action should be considered short-covering. Technical Analysis The main trend is … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – January 20, 2017 Forecast

E-mini NASDAQ-100 Index
yesterday

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – January 20, 2017 Forecast

March E-mini NASDAQ-100 Index is trading higher shortly before the cash market opening. The market is trading inside yesterday’s range which suggests investor indecision and impending volatility. Yesterday, the index reached a new all-time high, suggesting investors were betting on a bullish inauguration speech from President-elect Donald Trump. He gives his speech at 1715 GMT. … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – January 20, 2017 Forecast

E-mini S&P 500 Index
yesterday

E-mini S&P 500 Index (ES) Futures Technical Analysis – January 20, 2017 Forecast

March E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. The strong recovery on Thursday and today’s early price action suggests that buyers are coming in on the dips, perhaps expressing optimism over Trump’s inauguration. Technical Analysis The main trend is up according to the daily swing chart. The first … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – January 20, 2017 Forecast

Comex Gold Bars
yesterday

Comex Gold Futures (GC) Technical Analysis – January 20, 2017 Forecast

February Comex Gold futures are trading slightly higher in limited action shortly before the regular session opening and ahead of the inauguration of Donald Trump as President of the United States at 1700 GMT. Technical Analysis The main trend is up according to the daily swing chart. A trade through $1218.90 will signal a resumption … Continue reading Comex Gold Futures (GC) Technical Analysis – January 20, 2017 Forecast

US Dollar Index
yesterday

US Dollar Index (DX) Futures Technical Analysis – January 20, 2017 Forecast

March U.S. Dollar Index futures are trading higher shortly before the regular session opening. The move could be short-covering ahead of Trump’s inauguration as President of the United States at 1700 GMT. Without fresh economic data, today’s price action is likely to be news driven. We could see a rally later today if Trump says … Continue reading US Dollar Index (DX) Futures Technical Analysis – January 20, 2017 Forecast

Crude Oil OPEC News
yesterday

Crude Oil Update – Prices Firm Ahead of OPEC Compliance Meeting

Short-covering ahead of this weekend’s meeting of the world’s top oil producers in Vienna is helping to drive March crude oil prices higher early Friday. The purpose of the meeting is to assess compliance with the OPEC/non-OPEC plan to cut production. The rally is expected to be limited, however, as investors continue to react to … Continue reading Crude Oil Update – Prices Firm Ahead of OPEC Compliance Meeting

EUR/USD
yesterday

EUR/USD Mid-Session Technical Analysis for January 20, 2017

The EUR/USD is trading lower at the mid-session. Earlier in the session, short-covering drove the market higher than yesterday’s high, but that rally failed at 1.0693 and the market proceeded to turn lower for the session. Yesterday, dovish comments from European Central Bank President Mario Draghi drove the Euro lower as well as solid economic … Continue reading EUR/USD Mid-Session Technical Analysis for January 20, 2017

Stocks SP 500
2 days ago

S&P 500; US Indexes Fundamental Forecast – January 20, 2017

The three major U.S. equity indexes closed lower on Thursday in a lackluster trade as investors prepared for Friday’s inauguration of Donald Trump as President of the United States. There is a lot of uncertainty leading up to the inauguration. We also have volatility in the Forex markets and especially in the dollar that may … Continue reading S&P 500; US Indexes Fundamental Forecast – January 20, 2017

pumpjack silhouettes
2 days ago

Oil Fundamental Forecast – January 20, 2017

U.S. West Texas Intermediate (WTI) and International Brent crude oil futures posted an inside day on Thursday and a lower close as investors reacted to both bullish and bearish news with the latter apparently influencing investors more. March WTI crude oil closed at $52.12, down $0.06 or -0.11% and March Brent crude oil finished the … Continue reading Oil Fundamental Forecast – January 20, 2017

Japanese Yen Symbol
2 days ago

USD/JPY Fundamental Forecast – January 20, 2017

The Dollar/Yen rose on Thursday as investors reacted early in the session to Wednesday’s hawkish comments from Fed Chair Janet Yellen and solid employment and housing data on Thursday. However, the Forex pair gave back most of those gains into the close on position-squaring and safe-haven buying ahead of Friday’s inauguration of Donald Trump as … Continue reading USD/JPY Fundamental Forecast – January 20, 2017

Comex Gold Brick
2 days ago

Gold Fundamental Forecast – January 20, 2017

Gold futures fell on Thursday as investors continued to react to hawkish comments from Fed Chair Janet Yellen the previous day. However, the market remains on track to finish the week with a higher close. Rising Treasury yields and a firmer U.S. Dollar also underpinned the market on light trading ahead of Friday’s inauguration of … Continue reading Gold Fundamental Forecast – January 20, 2017

NATURAL GAS
2 days ago

Natural Gas Fundamental Forecast – January 20, 2017

After early session weakness, natural gas futures rebounded on Thursday to close higher for the session. The catalyst behind the turnaround was a larger-than-expected draw from storage last week. March Natural Gas futures finished the session at $3.360, up $0.052 or +1.57%. According to the U.S. Energy Information Administration (EIA), natural gas stockpiles shrank by … Continue reading Natural Gas Fundamental Forecast – January 20, 2017

NZDUSD
2 days ago

AUD/USD and NZD/USD Fundamental Forecast – January 20, 2017

The Australian and New Zealand Dollars finished higher against the U.S. Dollar on Thursday as investors faded hawkish comments from Fed Chair Janet Yellen on Wednesday and solid employment and housing data on Thursday that supports the notion the economy is robust enough to withstand at least one interest rate hike. The AUD/USD close at … Continue reading AUD/USD and NZD/USD Fundamental Forecast – January 20, 2017

High Grade Copper
2 days ago

Comex High Grade Copper Futures (HG) Technical Analysis – January 19, 2017 Forecast

March Comex High Grade Copper futures continued to weaken on uncertainty over the value of the U.S. Dollar and worries about demand from China. Prices are under pressure primarily because investors feel the dollar is going to strengthen over the long-term due to high expectations the Fed will raise rates in 2017. This idea was … Continue reading Comex High Grade Copper Futures (HG) Technical Analysis – January 19, 2017 Forecast

US Dollar Index
2 days ago

US Dollar Index (DX) Futures Technical Analysis – January 19, 2017 Forecast

March U.S. Dollar Index futures surged to the upside but remained inside this week’s range, suggesting the move was likely fueled by short-covering rather than new buying. It’s highly doubtful that investors would be taking new long positions at this time due to uncertainty over the Trump administration and this close to tomorrow’s inauguration. Dollar … Continue reading US Dollar Index (DX) Futures Technical Analysis – January 19, 2017 Forecast

Crude Oil Daily News
2 days ago

EIA, API Inventories Reports Confuse Crude Oil Traders

U.S. crude oil futures rose on Wednesday, but retreated from its highs after the U.S. Energy Information Administration (EIA) reported a surprise increase in the country’s crude stockpiles as refinery activity fell. According to the EIA, U.S. commercial crude inventories rose by 2.3 million barrels in the week through January 13 to 485.5 million barrels. … Continue reading EIA, API Inventories Reports Confuse Crude Oil Traders

Comex Gold Bars
2 days ago

Comex Gold Futures (GC) Technical Analysis – January 19, 2017 Forecast

February Comex Gold is trading flat after breaking sharply on Wednesday in reaction to hawkish comments from Fed Chair Janet Yellen. Yellen basically said the Fed could raise rates multiple times in 2017 and that the economy is slowing moving into the central bank’s target zones. This idea was supported by the U.S. consumer inflation … Continue reading Comex Gold Futures (GC) Technical Analysis – January 19, 2017 Forecast

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