Forecasts & Analysis, Page

It was a quiet Monday session with the U.S. and parts of Asia out for bank holidays. Risk assets skewed lower, and US equities fell back a little on Monday after China signalled it wants more discussion to iron out details of any partial deal before signing it, including the

After a bullish day for the pair on Monday, it’s a choppy start. A move through the morning highs would signal another breakout.

It’s a mixed start to the day for the majors. Failure to move back through early lows could test support later in the day.

It’s a busy day ahead for the majors, with economic data, geopolitics and, corporate earnings in focus. Is a Boris Johnson magic act on the cards?

Monday’s inside move suggests investor indecision and impending volatility. The extremely low volume helped contribute to the sideways price action.

Chinese trade data comes in softer than expected

Prices recapture resistance which is now support

Chinese imports and exports ease

Based on the early price action and the current price at $1497.40, the direction of the December Comex gold market into the close on Monday is likely to be determined by trader reaction to the short-term pivot at $1495.40.

Based on the early price action, the direction of the December U.S. Dollar Index into the close on Monday is likely to be determined by trader reaction to the 50% level at 98.135.

News, again, drives the US stock market and major indexes higher as optimism of a US/China trade agreement floods the news wires. As we’ve been suggesting, the global markets continue to be news-driven and are seeking any positive news related to easing trade tensions and capital markets. We

Stock markets were choppy to kick off the week on Monday, as we are at relatively high levels, and of course earnings season starts after the Monday session. Ultimately though, what really has made this market a bit confused is that the US/China trade talks seem to have produce nothing.

Silver markets went back and forth during the trading session on Monday in rather lackluster trading to kick off the week. Because of this, it looks as if the market is at the very least trying to stabilize, as the $17.00 level has offered significant support.

Crude oil markets pulled back significantly during the trading session on Monday, as we continue to see a lot of noise around global growth and demand. Ultimately, this is a market that does have significant support underneath that though.

Natural gas markets initially gapped higher to kick off the week on Monday but then ran into trouble after initially shooting above the $2.30 level. While this is a rather impressive initial push, the fact that he gave back so much is something to pay attention to.

Gold markets did very little to kick off the week on Monday, as traders are essentially trying to figure out where to go in general. This is a market that will ultimately be heavily influenced by a lot of the noise coming out of the US/China trade talks and beyond.

The US dollar chopped back and forth during the trading session on Monday as the 200 day EMA continues to cause bits and pieces of resistance. Beyond that, the market is extraordinarily sensitive to a handful of issues going on around the world, not the least of which would be

Based on the early price action and the current price at 26795, the direction of the December E-mini Dow Jones Industrial Average futures contract into the close on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at 26697.

The British pound fell to kick off the week as traders came to the realization that perhaps the market had gotten ahead of itself when it comes to Brexit. With this, and the fact that the 200 day EMA is sitting in the same area, it’s not a huge surprise

The British pound has been very choppy during trading on Monday, as we continue to see a lot of back-and-forth when it comes to risk aversion. The 200 day EMA has been tested, and it now has proven that it remains resistive. That being the case, a break above that,