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James Hyerczyk Articles

US Indices Forecast
4 hours ago

US Indices Forecast, February 23, 2017

E-mini S&P 500 March E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. The index is trading inside Tuesday’s 2346.00 to 2365.00 trading range for a second day, indicating investor indecision and impending volatility… Read More E-mini S&P 500 Forecast E-mini NASDAQ-100 March E-mini NASDAQ-100 Index futures are trading slightly higher … Continue reading US Indices Forecast, February 23, 2017

E-mini Dow Jones Industrial Average
4 hours ago

E-mini Dow Jones Industrial Average (YM) Futures Analysis – February 23, 2017 Forecast

March E-mini Dow Jones Industrial Average futures are trading slightly higher shortly before the cash market opening. Volume and volatility have been very light during the pre-market session. The market is still being driven by momentum and there is no true resistance so we’re going to have to continue to monitor the chart pattern. The … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – February 23, 2017 Forecast

E-mini NASDAQ-100 Index
4 hours ago

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – February 23, 2017 Forecast

March E-mini NASDAQ-100 Index futures are trading slightly higher shortly before the cash market opening. The market is still being driven by momentum so we’ll continue to focus on the chart pattern instead of resistance since it can’t be identified. In other words, the rally will just stop when it runs out of buyers instead … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – February 23, 2017 Forecast

E-mini S&P 500 Index
5 hours ago

E-mini S&P 500 Index (ES) Futures Technical Analysis – February 23, 2017 Forecast

March E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. The index is trading inside Tuesday’s 2346.00 to 2365.00 trading range for a second day, indicating investor indecision and impending volatility. Technical Analysis The main trend is up according to the daily swing chart. A trade through 2365.00 will signal … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – February 23, 2017 Forecast

US Dollar Index
6 hours ago

US Dollar Index (DX) Futures Technical Analysis – February 23, 2017 Forecast

March U.S. Dollar Index futures are trading lower shortly before the regular session opening. The weakness suggests that investors don’t believe the Fed will raise rates at its March 15 meeting despite suggesting in the minutes of its February monetary policy meeting that the policies of President Trump could lead to a rate hike “fairly … Continue reading US Dollar Index (DX) Futures Technical Analysis – February 23, 2017 Forecast

Crude Oil Monthly
6 hours ago

Crude Oil Update – Surprise API Draw Fueling Rally Ahead of EIA Report

April West Texas Intermediate crude oil futures are trading higher early Thursday following yesterday’s surprise drawdown in stockpiles according to the American Petroleum Institute and today’s inventories report from the U.S. Energy Information Administration. Late Tuesday, the API reported an 884,000 barrel decline in U.S. crude supplies for the week-ended February 17. Traders were looking … Continue reading Crude Oil Update – Surprise API Draw Fueling Rally Ahead of EIA Report

Comex Gold Bars
6 hours ago

Comex Gold Futures (GC) Technical Analysis – February 23, 2017 Forecast

April Comex gold futures are trading higher shortly before the regular session opening. Gold investors didn’t seem to be too impressed with the Fed’s suggestion in its minutes released late Wednesday that interest rates could go up “fairly soon”. Investors appear to be taking hedge protection in gold as far-right French presidential candidate Marine Le … Continue reading Comex Gold Futures (GC) Technical Analysis – February 23, 2017 Forecast

EUR/USD
6 hours ago

EUR/USD Mid-Session Technical Analysis for February 23, 2017

The EUR/USD is trading slightly lower at the mid-session following Wednesday’s potentially bullish closing price reversal bottom. The chart pattern hasn’t been confirmed, however. The current inside move indicates investor indecision and impending volatility. Fundamentally, investors seem to be digesting the Fed minutes released on Wednesday. The Fed said in the minutes that it could … Continue reading EUR/USD Mid-Session Technical Analysis for February 23, 2017

Stocks SP 500
11 hours ago

S&P 500; US Indexes Fundamental Forecast – February 23, 2017

U.S. equities finished mixed on Wednesday following the release of the minutes of the Fed’s January 31 to February 1 monetary policy meeting. The minutes suggested that a rate hike may be coming fairly soon, but the price action in the markets suggests investor confusion. In the cash market, the benchmark S&P 500 Index closed … Continue reading S&P 500; US Indexes Fundamental Forecast – February 23, 2017

Copper High Grade
15 hours ago

Comex High Grade Copper Futures (HG) Technical Analysis – February 23, 2017 Forecast

May Comex High Grade Copper futures fell on Wednesday after commodity funds reduced positions in reaction to the minutes from the Fed’s last monetary policy meeting on January 31- February 1.  Although the U.S. Dollar weakened after the release of the minutes, most traders agree that the Fed stands ready raise rates as early as … Continue reading Comex High Grade Copper Futures (HG) Technical Analysis – February 23, 2017 Forecast

Comex Gold Brick
19 hours ago

Gold Fundamental Forecast – February 23, 2017

Gold showed very little reaction to the Federal Open Market Committee minutes released on Wednesday. In the minutes, the Fed suggested that another rate hike may be just around the corner. April Comex gold futures closed at $1233.30, down $5.60 or -0.45%. “Many participants expressed the view that it might be appropriate to raise the … Continue reading Gold Fundamental Forecast – February 23, 2017

Crude Oil
19 hours ago

Oil Fundamental Forecast – February 23, 2017

U.S. West Texas Intermediate and international Brent crude oil finished lower on Wednesday but the market could find support early Thursday after data released by a private industry group showed a surprise drawdown in U.S. crude oil stocks. Another highlight of the report was a drop in imports, which suggests that the global supply glut … Continue reading Oil Fundamental Forecast – February 23, 2017

AUDUSD
19 hours ago

AUD/USD and NZD/USD Fundamental Forecast – February 23, 2017

The Australian and New Zealand Dollar finished higher on Wednesday after the U.S. Dollar weakened following the release of the Fed minutes from its monetary policy meeting on January 30 – February 1. The moves came as a surprise because the minutes seemed to show the Fed was open to a rate hike in March. … Continue reading AUD/USD and NZD/USD Fundamental Forecast – February 23, 2017

Australian Dollar
19 hours ago

AUD/USD Forex Technical Analysis – February 23, 2017 Forecast

The AUD/USD is trading lower early Thursday. The U.S. Dollar surprisingly weakened after the release of the Fed minutes which indicated the central bank stands ready to raise interest rates as soon as March if necessary. So we have to conclude the Aussie is feeling pressure from the Reserve Bank of Australia’s minutes that were … Continue reading AUD/USD Forex Technical Analysis – February 23, 2017 Forecast

NATURAL GAS
19 hours ago

Natural Gas Fundamental Forecast – February 23, 2017

Natural gas futures tumbled early in the session on Wednesday to their lowest level since February 11. However, short-covering due to profit-taking and position-squaring ahead of Thursday’s government storage report helped drive prices higher for the session. Oversold technical conditions also helped boost prices. April natural gas closed at $2.701, up $0.010 or +0.37%. The … Continue reading Natural Gas Fundamental Forecast – February 23, 2017

Japanese Yen Symbol
19 hours ago

USD/JPY Fundamental Forecast – February 23, 2017

At first glance, investors felt the minutes from the Fed’s January 31 – February 1 monetary policy meeting suggested the central bank was hawkish about a possible rate hike in March, but the price action in the Treasury market and the Dollar/Yen suggested otherwise. The USD/JPY finished the session at 113.310, down 0.363 or -0.32%. … Continue reading USD/JPY Fundamental Forecast – February 23, 2017

Rates
23 hours ago

Fed Minutes Hint Rate Hike Coming “Fairly Soon”

The main news event on Wednesday was the release of the U.S. Federal Reserve minutes from its January 31-February 1 Federal Open Market Committee meeting. The minutes show that the central bank may be closer to raising interest rates than previously thought. The documents show that Federal Reserve officials spent most of their time at … Continue reading Fed Minutes Hint Rate Hike Coming “Fairly Soon”

US Indices Forecast
yesterday

US Indices Forecast, February 22, 2017

E-mini S&P 500 March E-mini S&P 500 Index futures are called lower shortly before the cash market opening. The market is trading inside yesterday’s range, indicating investor indecision and impending volatility. Lower oil prices may be putting some pressure on prices. Position-squaring ahead of the release of the Fed minutes at 1900 GMT may be … Continue reading US Indices Forecast, February 22, 2017

E-mini Dow Jones Industrial Average
yesterday

E-mini Dow Jones Industrial Average (YM) Futures Analysis – February 22, 2017 Forecast

March E-mini Dow Jones Industrial Average futures are trading flat shortly ahead of the cash market opening. Volume was light during the pre-market session and this could continue early Wednesday as investors await the release of the minutes from the Fed’s monetary policy meeting held in February. Traders should watch for volatility at 1900 GMT … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – February 22, 2017 Forecast

E-mini NASDAQ-100 Index
yesterday

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – February 22, 2017 Forecast

March E-mini NASDAQ-100 Index futures are trading slightly lower shortly ahead of the cash market opening. The index is posting an inside chart pattern which suggests investor indecision and impending volatility. Investors are essentially waiting for the release of the Fed minutes later in the session. Technical Analysis The main trend is up according to … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – February 22, 2017 Forecast

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