James Hyerczyk Articles

    Australian Dollar
    6 hours ago

    AUD/USD Forex Technical Analysis – Trend Turns Down after RBA’s Lowe Downplays Rate Hike in Near Future

    The AUD/USD broke sharply lower on Thursday as buyers succumbed to dovish comments from a Reserve Bank of Australia official and the U.S. Federal Reserve’s hawkish commentary on Wednesday. On Thursday, RBA Governor Philip Lowe appeared to play down the prospect of an Australian rate hike in the near future. “A rise in global interest … Continue reading AUD/USD Forex Technical Analysis – Trend Turns Down after RBA’s Lowe Downplays Rate Hike in Near Future

    Copper Smelting
    7 hours ago

    Comex High Grade Copper Price Futures (HG) Technical Analysis – Rapidly Approaching $2.9150 to $2.8525 Support Zone

    December Comex High Grade Copper hit its lowest level since August 17 on Thursday after the U.S. Federal Reserve raised expectations for a third rate hike this year at its Federal Open Market Committee meeting yesterday. The news drove up U.S. Treasury yields which made the U.S. Dollar a more popular investment, reducing demand for … Continue reading Comex High Grade Copper Price Futures (HG) Technical Analysis – Rapidly Approaching $2.9150 to $2.8525 Support Zone

    E-mini NASDAQ-100 Index
    11 hours ago

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – September 21, 2017 Forecast

    December E-mini NASDAQ-100 Index futures are trading lower shortly after the cash market opening. Yesterday’s price action was highlighted by volatility. The movement was strong enough to change the main trend to down and confirm a double-top chart pattern. Daily Technical Analysis The main trend is down according to the daily swing chart. The trend … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – September 21, 2017 Forecast

    E-mini Dow Jones Industrial Average
    11 hours ago

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – September 21, 2017 Forecast

    December E-mini Dow Jones Industrial Average futures are trading slightly lower shortly before the cash market opening. The market produced a powerful outside move chart pattern on Wednesday before closing higher. Yesterday’s price action suggests there are investors willing to sell at current price levels. Daily Technical Analysis The main trend is up according to … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – September 21, 2017 Forecast

    E-mini S&P 500 Index
    11 hours ago

    E-mini S&P 500 Index (ES) Futures Technical Analysis – September 21, 2017 Forecast

    December E-mini S&P 500 Index futures are trading flat-to-lower shortly before the cash market opening. Yesterday’s Fed announcements triggered a volatile two-sided trade with bank stocks providing the most support for the index. Daily Technical Analysis The main trend is up according to the daily swing chart. A trade through 2507.25 will signal a resumption … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – September 21, 2017 Forecast

    US Dollar Index
    12 hours ago

    US Dollar Index (DX) Futures Technical Analysis – September 21, 2017 Forecast

    December U.S. Dollar Index futures are trading slightly better after yesterday’s sharp rise. The market is trading inside yesterday’s range which indicates investor indecision and impending volatility. Today’s price action also indicates that yesterday’s move was probably generated by short-covering rather than aggressive buying. This usually means we’ll have a pullback into support. The reason … Continue reading US Dollar Index (DX) Futures Technical Analysis – September 21, 2017 Forecast

    Crude Oil
    13 hours ago

    Crude Oil Price Update – Sustained Move Under $50.30 Puts Bears in Control

    November West Texas Intermediate crude oil prices are under pressure due to a stronger U.S. Dollar and concerns over increasing U.S. production. Traders are also paring positions ahead of Friday’s OPEC and non-OPEC meeting to discuss extending the deal to cut production or deepen production cuts. Daily Technical Analysis The main trend is up according … Continue reading Crude Oil Price Update – Sustained Move Under $50.30 Puts Bears in Control

    Gold
    13 hours ago

    Gold Price Futures (GC) Technical Analysis – September 21, 2017 Forecast

    December Comex Gold is trading lower shortly before the regular session opening. The selling is continuing after Wednesday’s sell-off was triggered by a surprisingly hawkish U.S. Federal Reserve monetary policy statement. Daily Technical Analysis The main trend is down according to the daily swing chart. The trend turned down on a move through $1302.30 on … Continue reading Gold Price Futures (GC) Technical Analysis – September 21, 2017 Forecast

    EUR/USD
    13 hours ago

    EUR/USD Mid-Session Technical Analysis for September 21, 2017

    The EUR/USD is recovering slightly following yesterday’s sharp sell-off. The selling was driven by the U.S. Federal Reserve which sounded more hawkish than expected in its monetary policy statement. The central bank left its benchmark interest rate unchanged and laid out new details of its plan to begin trimming its balance sheet in October as … Continue reading EUR/USD Mid-Session Technical Analysis for September 21, 2017

    Natural Gas
    16 hours ago

    Natural Gas Price Fundamental Daily Forecast – EIA Report May Show Bigger-Than-Usual 87 BCF Build

    Natural gas prices retreated on Wednesday amid concerns over production increases and forecasts for less cooling demand next week. November natural gas futures settled at $3.141, down 0.034 or -1.07%. According to Thomson Reuters, U.S. gas consumption is expected to slide to 71.7 billion cubic feet per day next week from 72.5 bcfd this week. … Continue reading Natural Gas Price Fundamental Daily Forecast – EIA Report May Show Bigger-Than-Usual 87 BCF Build

    Comex Gold Brick
    17 hours ago

    Price of Gold Fundamental Daily Forecast – Prices Plunge as Chances of December Fed Rate Hike Jumps to 73 Percent

    Gold futures are stabilizing early Thursday after yesterday’s steep sell-off. Wednesday’s price action was fueled by a hawkish Fed monetary policy statement which drove the market to a three week low. Federal Reserve comments drove up U.S. Treasury yields, making the U.S. Dollar a more attractive investment while curbing demand for the precious metal. On … Continue reading Price of Gold Fundamental Daily Forecast – Prices Plunge as Chances of December Fed Rate Hike Jumps to 73 Percent

    Crude Oil
    18 hours ago

    Oil Price Fundamental Daily Forecast – With U.S. Production Rising, Crude Needs an OPEC Extension to Sustain Rally

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed higher on Wednesday, despite a government report showing a rise in U.S. crude inventories after the Iraqi oil minister said OPEC and its non-OPEC oil producing partners were considering extending or deepening output cuts. November WTI crude oil futures settled at $50.73, up $0.83 … Continue reading Oil Price Fundamental Daily Forecast – With U.S. Production Rising, Crude Needs an OPEC Extension to Sustain Rally

    S&P 500 Index
    23 hours ago

    S&P 500; US Indexes Fundamental Daily Forecast – Hawkish Fed Drives Bank Stocks Higher

    The major U.S. stock indexes closed mixed on Wednesday after the U.S. Federal Reserve indicated another rate hike was still possible before the end of the year and that it would begin the reducing of its balance sheet next month. In the cash market, the benchmark S&P 500 Index settled at 2508.24, up 1.59 or … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Hawkish Fed Drives Bank Stocks Higher

    Japanese Yen
    yesterday

    USD/JPY Fundamental Daily Forecast – BOJ on Tap, but Investors Still Focused on Fed

    The Dollar/Yen surged on Wednesday, hitting its highest level since July 18 after the U.S. Federal Reserve signaled it may raise interest rates for a third time this year even as inflation has remained below its 2-percent goal. The USD/JPY settled at 112.169, up 0.580 or +0.52%. The Fed also said it will begin reduction … Continue reading USD/JPY Fundamental Daily Forecast – BOJ on Tap, but Investors Still Focused on Fed

    NZDUSD
    yesterday

    AUD/USD and NZD/USD Fundamental Daily Forecast – Look for a Two-sided Trade with Investors Dealing with Fed, Domestic Data

    The Australian and New Zealand Dollars posted solid gains early in the session in reaction to domestic news, put prices retreated after the U.S. Federal Reserve hinted at another interest rate hike. On Wednesday, the AUD/USD settled at .8030, up 0.0022 or +0.27% and the NZD/USD closed at .7355, up 0.0039 or +0.53%. The Aussie … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Look for a Two-sided Trade with Investors Dealing with Fed, Domestic Data

    U.S. Federal Reserve
    yesterday

    Treasury Yields, Dollar Surge as Fed Raises Odds of December Rate Hike

    U.S. Treasury yields reached more than a two-month high after the U.S. Federal Reserve said it would begin reducing its $4.5 billion balance sheet starting in October. All nine members of the monetary policy committee voted for the action. The U.S. 2-year Treasury yield hit a high of 1.430 percent, its highest level since July … Continue reading Treasury Yields, Dollar Surge as Fed Raises Odds of December Rate Hike

    Japanese Yen
    yesterday

    USD/JPY Fundamental Daily Forecast – Positive Trade Balance: Japanese Imports Strong, but Exports were Stronger

    The Dollar/Yen is trading slightly lower shortly before the release of the Federal Open Market Committee’s interest rate decision, monetary policy statement and economic projections at 1800 GMT. Fed Chair Janet Yellen is also expected to hold a press conference. At 1749 GMT, the USD/JPY is trading 111.425, down 0.164 or -0.15%. Fed policymakers are … Continue reading USD/JPY Fundamental Daily Forecast – Positive Trade Balance: Japanese Imports Strong, but Exports were Stronger

    AUD/USD and NZD/USD
    yesterday

    AUD/USD and NZD/USD Fundamental Daily Forecast – NZD/USD Surges to 6 1/2 Week High as National Party pulls ahead of Labour Party

    The Australian and New Zealand Dollars are trading sharply higher shortly before the release of the Federal Open Market Committee’s interest rate decision, monetary policy statement and economic projections. Fed Chair Janet Yellen is also scheduled to hold a press conference. At 1721 GMT, the AUD/USD is trading .8076, up 0.0068 or +0.85% and the … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – NZD/USD Surges to 6 1/2 Week High as National Party pulls ahead of Labour Party

    US Dollar Index
    yesterday

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

    The December U.S. Dollar Index is trading lower early Wednesday, hovering slightly above a 2 ½ year low. Most traders are waiting for the Fed to release its decision on interest rates, its monetary policy decision and its economic projections. Fed Chair Janet Yellen is also expected to hold a press conference. Traders believe the … Continue reading US Dollar Index (DX) Futures Technical Analysis – September 20, 2017 Forecast

    E-mini Dow Jones Industrial Average
    yesterday

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

    December E-mini Dow Jones Industrial Average futures are called flat-to-lower shortly before the cash market opening. Investors are waiting for the Fed’s decisions at 1800 GMT. The market has gone on a tremendous run over the past two weeks so bullish news may already be priced into the market. Additionally, investors may use the Fed … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – September 20, 2017 Forecast

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