Forecasts & Analysis, Page

Natural gas futures are bouncing back early Friday following Thursday’s steep sell-off that was fueled by a slightly higher-than-expected build in the Energy Information Administration’s weekly storage report.At 0917 GMT, October Natural Gas futures are trading $2.925, up $0.012 or +0.41%.On Thursday, the EIA reported a storage build of 33

The EUR/USD has formed a bullish Head and Shoulders pattern with the right shoulder being within 1.1350 zone. If the price closes above the trend line, it will mean a potential breakout to the upside targeting 1.1477. However if the price breaks below 1.1330, we could see a retest of

After spending most of the session lower in Asia, gold flipped higher in Europe on Friday. Despite today’s modest recovery, gold is still trading inside yesterday’s wide trading range that was created by a massive short-covering rally following a test of a 19-month low. Nonetheless, the market is still poised

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher early Friday after shrugging off earlier weakness. Position-squaring and a weaker U.S. Dollar may be contributing to the positive price action.At 0813 GMT, October WTI crude oil futures are trading at $65.08, up $0.20 or +0.31% and

U.S. West Texas Intermediate crude oil futures are edging higher early Friday. The market is trying to follow-through to the upside following yesterday’s closing price reversal bottom. This move won’t mean the trend is changing, but it could fuel a 2 to 3 day counter-trend rally.At 0751 GMT, October WTI

The BTC prices consolidated and ranged for much of the day yesterday, as was widely expected. The investment and the financial world is as yet divided on which way it wants to go as far as the crypto world is concerned and that confusion and uncertainty is best seen in

Comex gold futures are trading lower early Friday. Although yesterday’s counter-trend rally was impressive, it did not yield a closing price reversal bottom, which would’ve signaled a shift in momentum to the upside.The market is currently trading inside yesterday’s range which indicates investor indecision and impending volatility. Gold traders are

Germany equities were higher at the close on Thursday, as gains in the Software, Transportation & Logistics and Technology sectors propelled shares higher. At the close in Frankfurt, the DAX rose 0.61%, while the MDAX index gained 0.88%, and the TecDAX index gained 1.59%. Advancing stocks outnumbered falling ones by

The Australian Dollar is trading steady-to-higher early Friday under light volume. The Forex pair is trading inside yesterday’s range which suggests investor indecision and impending volatility.At 0617 GMT, the AUD/USD is trading .7267, up 0.0006 or +0.06%.Daily AUD/USDDaily Technical AnalysisThe main trend is down according to the daily swing chart.

The GBPUSD pair on Thursday saw some amount of volatility in London market hours, however closed flat on Thursday. With Brexit woes plaguing UK’s market and talks of polls to cancel Brexit popping here and there in the country, sentiment surrounding British Pound has been negative in global market. While

The latest positive development in the US-China trade war proceedings eased global risk-aversion and prompted some US Dollar profit-taking on Thursday. Adding to this, worse than expected US economic data – housing starts and Philly Fed manufacturing index exerted some additional downward pressure on the greenback and helped the EUR/USD

Key HighlightsStellar’s Lumen gained 0.96% on Thursday, following Wednesday’s 3.53% fall, to end the day at $0.21504.An early slide to an intraday low $0.20967 saw Stellar’s Lumen steer clear of the day’s first major support level at $0.2022.Stellar’s Lumen recovered through the morning to an intraday high $0.22104, falling short

The S&P 500 rallied rather significantly in premarket trading, perhaps predicated more on the Chinese coming to the United States than anything else, as it could signal that the global tensions of the trade war may be fading a bit. If that’s the case, that should help the S&P 500,

Silver markets broke above the $14.50 level during the trading session on Thursday, as optimism entered the market due to the Chinese sending a delegation to the United States to discuss trade policy. This has alleviated some of the pressure on the world’s global markets, thereby allowing the US dollar

WTI Crude OilThe WTI Crude Oil market has done very little during the trading session on Thursday, as we continue to hover above the psychologically important $65 level. Because of this, the market looks very likely to continue to be range bound over the next 24 hours as it is

Natural gas markets have been in a major consolidation area for some time, swinging between $2.70 on the bottom, and $3.00 on the top, which extends to the $3.10 level. In other words, we have been range bound for so long that it is one of the easier markets the

Gold markets rallied a bit during the trading session on Thursday after initially falling rather hard, showing signs of life but moving lockstep with the EUR/USD pair. With the US dollar softening during the trading session, it makes sense that gold rally. However, I think this is a short-term phenomenon,

The US dollar has initially tried to rally against the Japanese yen but pulled back as we approached the ¥111 level. By pulling back the way we have, it looks likely that we will continue to see a bit of choppiness. In fact, you can make an argument for a

The British pound initially tried to rally on Thursday, but ran into some trouble at 1.2735, an area that extends to the 1.2750 level, a major support level on the longer-term charts. Because we could not break above there, I think we are simply seeing a short-term bounce that traders

The British pound rallied against the Japanese yen initially during the day on Thursday, but then rolled over at the ¥141 level. That’s an area that continues to be very important, as it was previous support. By rolling over the way it has, I believe we are still looking towards