James Hyerczyk Articles, Page 1

James Hyerczyk
James Hyerczyk
  • AUD/USD and NZD/USD

    AUD/USD and NZD/USD Fundamental Weekly Forecast – All Eyes on U.S. Data, Fed Chair Powell’s Congressional Testimony

    The Australian Dollar closed lower for the third week in four and the New Zealand Dollar closed lower after hitting a six-month high the previous week. The catalysts behind the selling pressure were rising U.S. Treasury yields and a hawkish outlook by the U.S. Federal Reserve.The AUD/USD settled at .7836,

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  • Natural Gas

    Natural Gas Price Fundamental Weekly Forecast – Aggressive Short-covering Could Drive Prices into $2.774

    Forecasts for the return of colder weather during the early part of March and a bigger-than-expected storage draw helped support natural gas prices last week.April Natural Gas futures settled the week at $2.657, up $0.059 or 2.27%.According to the U.S. Energy Information Administration, natural gas in storage fell by 124

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  • Gold Bars and Dollar

    Price of Gold Fundamental Weekly Forecast – Market Moving Event Will Be Fed Chair Powell’s Testimony

    Gold prices tumbled last week, posting its biggest weekly decline in 2 ½ months, as the U.S. Dollar continued to build a support base slightly above three year lows on the back of higher U.S. Treasury yields.April Comex Gold futures settled the week at $1330.30, down $2.40 or 0.18%.Gold was

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  • Crude Oil

    Oil Price Fundamental Weekly Forecast – Libyan Pipeline Shutdown Offsetting Impact of Firmer U.S. Dollar

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed sharply higher last week after reversing earlier weakness fueled by a stronger U.S. Dollar.April WTI crude oil settled at $63.55, up $2.00 or +3.25% and April Brent crude oil finished the week at $67.31, up $2.47 or +3.81%.Weekly April

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  • gold dollar

    Copper, Gold Post Weekly Losses as Dollar Firms on Upbeat Interest Rate Outlook

    Copper prices eased last week as the U.S. Dollar strengthened, leading to lower demand for dollar-denominated commodities. Despite the small weekly drop, the market remained underpinned by a bright outlook for demand due to expectations for healthy economic growth.May Comex High Grade Copper futures settled at $3.2330, down $0.0355 or

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  • treasury

    U.S. Dollar Supported by Buoyant Short-term Treasury Yields

    The U.S. Dollar finished higher against a basket of currencies for the third week in five, suggesting that a support base may be building slightly above the December 16, 2014 main bottom at 88.067. The catalysts behind the market’s strength were rising U.S. Treasury yields and a hawkish outlook by

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  • Crude Oil

    Crude Oil Price Update – Strengthens Over $63.15, Weakens Under $62.15

    April West Texas Intermediate crude oil futures closed higher last week, settling at $63.55, up $2.00 or +3.25%. Early in the week, the market was pressured by a stronger U.S. Dollar which weakened foreign demand. However, oil prices reversed the earlier losses following the shutdown of the El Feel oilfield

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  • Comex Gold

    Gold Price Futures (GC) Technical Analysis – Inside Trade Suggests Investor Indecision, Impending Volatility

    April Comex Gold futures closed lower last week, settling at $1330.30, down $25.90 or -1.91%. The catalyst behind the selling pressure was higher U.S. interest rates and a firmer U.S. Dollar. The inside move suggests investor indecision and impending volatility.Weekly April Comex GoldWeekly Technical AnalysisThe main trend is up according

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  • E-mini Dow Jones Industrial Average

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – Bullish Over 25310, Bearish Under 24636

    The March E-mini Dow Jones Industrial Average futures contract closed higher last week, settling at 25314, up 78 or +0.31%. The market posted an inside move, indicating investor indecision and impending volatility.Weekly March E-mini Dow Jones Industrial AverageWeekly Technical AnalysisThe main trend is down according to the weekly swing chart.

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  • E-mini S&P 500 Index

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Momentum Strong Over 2745.00, Weak Under 2703.75

    The March E-mini S&P 500 Index closed higher last week, settling at 2748.75, up 13.75 or +0.50%. This was the benchmark index’s second consecutive higher close since the massive sell-off the first week or February.Weekly March E-mini S&P 500 IndexWeekly Technical AnalysisThe main trend is up according to the weekly

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  • E-mini NASDAQ-100 Index

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Main Trend Changes to Up on Move Through 7047.25

    The March E-mini NASDAQ-100 Index settled higher last week. The futures contract finished the week at 6909.75, up 123.00 or +1.81%.Weekly March E-mini NASDAQ-100 IndexWeekly Technical AnalysisThe main trend is down according to the weekly swing chart. A trade through 7047.25 will change the main trend to up.The short-term range

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  • AUD/USD

    AUD/USD Forex Technical Analysis – Inside Move Signaling Investor Indecision, Impending Volatility

    The AUD/USD closed higher on Friday despite the relatively low volume. The inside move indicates investor indecision and impending volatility.Daily AUD/USDDaily Technical AnalysisThe main trend is down according to the daily swing chart. A trade through .7789 will indicate the selling is getting stronger. A trade through .7758 will reaffirm

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  • Copper Scrap Wire

    Comex High Grade Copper Price Futures (HG) Technical Analysis – Light Holiday Volume, Firm Dollar Limiting Gains

    May Comex High Grade Copper futures settled slightly higher on Friday, but inside the previous day’s range. The inside move suggests investor indecision and impending volatility. Copper closed lower for the week, mostly pressured by a stronger U.S. Dollar.Daily May Comex High Grade CopperDaily Technical AnalysisThe main trend is up

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  • U.S. Dollar Index

    US Dollar Index (DX) Futures Technical Analysis – Building Support Base, but Facing Wall of Resistance

    March U.S. Dollar Index futures closed higher on Friday, but inside the previous day’s range. This tends to indicate investor indecision and impending volatility. The market is trading in a position where buyers will either continue the rally by taking out a closing price reversal top, or sellers will confirm

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  • Crude Oil

    Crude Oil Price Update – Going to Need Strong Upside Momentum to Sustain Rally

    U.S. crude oil futures settled higher on Friday, supported by a drop in Libyan production and positive comments from Saudi Arabia that validated the OPEC-led plan to cut production, trim the global supply glut and stabilize prices.April West Texas Intermediate crude oil futures settled at $63.55, up $0.78 or +1.24%.Daily

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  • Comex Gold

    Gold Price Futures (GC) Technical Analysis – Trend Down, but Buyers Trying to Form Secondary Higher Bottom

    April Comex Gold futures settled slightly lower on Friday and for the week as investors continued to react to the uncertainty over the number of Fed rate hikes in 2018 and a firmer U.S. Dollar.At 2135 GMT, April Comex Gold futures are trading $1330.90, down $1.90 or -0.14%.Gold is currently

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  • E-mini NASDAQ-100 Index

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Minor Trend Turns Up, Momentum Building

    March E-mini NASDAQ-100 Index futures are trading higher shortly before the close. The index is the strongest of the three majors. Despite the strength, volume is average to below average. The index is currently in a position to finish higher for the week.Daily March E-mini NASDAQ-100 IndexDaily Technical AnalysisThe main

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  • E-mini Dow Jones Industrial Average

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – Trading Inside Main Retracement Zone on Low Volume

    March E-mini Dow Jones Industrial Average futures are trading higher, but giving back most of its gains shortly before the close. The range is tight and the volume is average to below-average.At 1945 GMT, the Dow is trading 25124, up 111 or +0.45%.Daily March E-mini Dow Jones Industrial AverageDaily Technical

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  • E-mini S&P 500 Index

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Straddling Uptrending Gann Angle

    March E-mini S&P 500 Index futures are trading higher on Friday, but still on track to post a weekly loss as investors digest the release of the Federal Reserve’s monetary policy report.At 1920 GMT, the benchmark index is trading 2725.00, up 13.50 or +0.50%.The Fed’s monetary policy report said the

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  • EUR/USD

    EUR/USD Mid-Session Technical Analysis for February 23, 2018

    The Euro is trading lower at the mid-session. The Forex pair is also trading inside yesterday’s range which indicates investor indecision and impending volatility.At 1356 GMT, the EUR/USD is trading 1.2299, down 0.00031 or -0.26%.Traders continue to monitor the direction of U.S. Treasury yields. Later today, a series of Federal

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Favorites

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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