Forecasts & Analysis, Page

It’s a mixed start to the day for the majors. Holding onto early gains will be key to avoiding a sell-off later in the day.

It’s back in the red for the majors. Avoiding heavier losses through the morning could lead to a rebound later in the day…

Consumer sentiment rises more than expected

Storms continue to generate volatility

Retail sales came in stronger than expected

The S&P 500 rallied significantly during the week, reaching towards the highs yet again. As we head into the weekend, it looks like a breakout is imminent, but we may get the short-term pullback between now and then to build up momentum.

The Silver markets initially tried to rally during the week but then found a lot of resistance at the $18.50 level. We rolled right back over and formed a very bearish looking candle for the week.

The crude oil markets try to break out during the week but has failed again as we have turned around completely. The massive amount of volatility continues, but it’s obvious that the buyers can’t quite take over the momentum.

Natural gas markets rallied again during the week but managed to find resistance at the 50 week EMA to turn around and form a shooting star. The shooting star of course is a very negative sign, but I think at this point it’s obvious that we have started to put

Gold markets have initially tried to rally during the week, but then rolled over again to show signs of weakness yet again. The $1500 level of course is going to attract a lot of attention, but when you look at the longer-term weekly chart, you can see that we are

The US stock markets continue to test the all-time highs but are struggling to get above there. At this point, it looks like a pullback makes quite a bit of sense but that pullback probably will attract buyers. Near the box I have drawn on the chart I would anticipate

The Silver markets fell during the trading session on Friday to test a significant uptrend line, and at this point is going to be very interesting to see if we can hang on. That being said, we are obviously rotating quite a bit.

The crude oil markets have gone back and forth during the trading session on Friday as it looks like we are trying to find bits of support after a massive selloff. There has been an extraordinarily large amount of noise in the market over the last couple of weeks, and

The natural gas markets went sideways during the day on Friday, and it now looks like we are trying to consolidate here. That being said though, there are couple of levels worth paying attention to.

Gold markets rallied a bit during the trading session on Friday, but then turned around to show signs of exhaustion yet again as Gold continues to sit on top of the $1500 level.

The US dollar rallied rather significantly during the week, reaching towards the ¥108 level. At this point, the market is starting to reach into a lot of resistance, and of course a lot of choppy action.

The British pound rallied a bit during the week, reaching towards the 1.25 level above. That’s an area that should attract a lot of attention and could be a major resistance barrier that will be difficult for the British pound to take out.

The British pound rallied significantly during the week against the Japanese yen, reaching towards the ¥135 level. That of course should attract a lot of attention as it is an area of extreme order flow.

The Euro was all over the place during the week as we had an ECB press conference, as you would expect. Having said that, it had a significant bounce after the interest rate decision, but on Friday we also started to see selling pressure again. We are in a downtrend,

During the previous week, we had a very strong candle stick for the weekly close, and then continue the upward momentum during the week over the last five sessions but have stalled a bit. This makes sense, because we aren’t quite sure what to make of the US/China trade situation