Forecasts & Analysis
WTI Oil Stays Above $80 After EIA Report
Copper rallied towards the $3.75 level. Natural gas pulled back below $7.
S&P 500 Price Forecast – Stock Markets Await Slew of News
The S&P 500 E-mini contract has done very little during the session on Wednesday as we await the noise coming from multiple fronts. The first one that we will be watching is going to be Powell, but after that we have Core PCE, and the NFP jobs number.
Silver Price Forecast – Silver Slams Into the $22 Region
Silver has rallied significantly during the trading session on Wednesday to reach the crucial $22 level.
U.S. Dollar Rebounds After JOLTs Job Openings Report
EUR/USD moved towards the 1.0350 level. GBP/USD is trying to settle below 1.1950.
Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher
Crude oil markets have rallied again during the trading session on Wednesday, as they continue to recover from the massive plunge on Monday.
Natural Gas Price Forecast – Natural Gas Markets Continue to Stabilize
Natural gas markets have initially fallen a bit during the trading session on Wednesday to show signs of hesitation, but we are bouncing a little bit to stabilize again.
Gold Price Forecast – Gold Markets Continue to Walk Along 200-Day EMA
Gold markets have done very little during the trading session, although they were positive on Wednesday as they wait for Jerome Powell, Core PCE, and the NFP jobs figures.
S&P 500, NASDAQ Composite Posting Small Gains Ahead of Fed Chair Powell’s Speech
S&P 500 Index, NASDAQ Composite little changed as investors await Powell speech.
GBP/JPY Forecast – British Pound Sores Against Japanese Yen
The British pound has taken off against the Japanese yen during trading on Wednesday, as we continue to see the yen struggle.
AUDUSD Forecast – The Australian Dollar Continues to Consolidate
The Australian dollar has initially tried to rally during the trading session on Wednesday but gave back gains rather rapidly as we continue to see a lot of noise.
