Forecasts & Analysis, Page

Natural gas prices edged lower on Friday, following Thursday’s larger than expected build in natural gas inventories.  The EIA reported at 91 Bcf build compared to expectations that inventories would rise 85 Bcf. Warmer than normal weather is forecast to cover most of the United States for the next 8-14

Gold prices consolidated after rebounded late on Thursday, as the dollar gave up some of its gains at the tail end of the week.  Stronger than expected Eurozone PMI data helped the euro gain ground paving the way for higher gold prices. Canadian CPI grew in line with expectations, notching

September E-mini NASDAQ-100 Index futures are trading better shortly before the cash market opening. Buyers are trying to recover from yesterday’s closing price reversal top and subsequent confirmation earlier today.Daily September E-mini NASDAQ-100 IndexDaily Technical AnalysisThe main trend is up according to the daily swing chart. A trade through 7358.50

September E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. The market is recovering nicely from Thursday’s late session sell-off.Daily September E-mini S&P 500 IndexDaily Technical AnalysisThe main trend is up according to the daily swing Chart. However, momentum is trending lower. A trade through

September E-mini Dow Jones Industrial Average futures are trading higher shortly before the cash market opening. The move is being fueled by technical buying following the test of a major retracement zone on Thursday.Daily September E-mini Dow Jones Industrial AverageDaily Technical AnalysisThe main trend is up according to the daily

GoldThe gold prices continue to trade weak reaching towards the $1260 level in yesterday’s session. It is likely that the market will likely to test the $1250 level underneath before resuming its upward movements. Strong US Dollar will continue to keep the gold prices under pressure and a break above

EUR/USDThe pair shot higher during the yesterday’s session after reaching its major support level at 1.15 level. As the market has bounced from this structurally important level, buyers are likely to accumulate Euro from this region. A break above 1.1650 level in the short term will be very bullish for

The selling pressure seen on the USD/CAD pair seems to have weakened in the last hour as investors approach the commodity-sensitive loonie cautiously ahead of the critical OPEC summit Vienna. Despite major global currencies seeing some corrective price action as US greenback momentum slows down, the USDCAD pair has managed

The British pound rallied significantly during the day on Thursday, reaching above the 1.32 level comfortably, and testing the 1.3250 level in reaction to the statement of the Bank of England being a bit more hawkish than originally anticipated. GBP/USD had a 160-pip bull breakout in European market hours on

August West Texas Intermediate crude oil futures are trading higher on short-covering and position-squaring ahead of the start of the 2-day OPEC meeting in Vienna. Due to the uncertainty over the outcome of the meeting, most major players are sitting on the sidelines today.A consensus of traders believe that OPEC

August Comex Gold futures are trading slightly better on Friday. There was a slight follow-through to the upside earlier in the session.Traders are reacting to a weaker U.S. Dollar and lower Treasury yields. For the first time in several weeks, gold traders were also showing some reaction to geopolitical concerns

GOLDGold’s U-turn from $1261-60 horizontal-support can’t be termed as a sign of its reversal unless it clears the support-turned-resistance, at $1274, on a daily closing basis. Should the yellow metal manages to surpass $1274, the $1284 and the $1288 are likely intermediate halts that it can avail ahead of targeting

The EUR/USD is trading higher on Friday. The Forex pair followed through to the upside earlier in the session, confirming yesterday’s closing price reversal bottom and signaling a shift in momentum to the upside.We could see some volatility at 1345 GMT with the release of the Flash Manufacturing PMI and

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher shortly before the regular session opening on Friday. Traders are saying that short-covering and position-squaring is driving the price action, heading into today’s OPEC meeting in Vienna later in the day, after almost a month of selling

Key HighlightsMonero’s XMR gained 0.72% on Thursday, partially reversing Wednesday’s 2.93% fall, to end the day at $123.3.A morning intraday high $124.52 came up short of the day’s first major resistance level at $125.99 and well short of the 23.6% FIB Retracement Level of $149.A late morning intraday low $120.85

Bitcoin Cash Sees More RedBitcoin Cash fell by 2.17% on Thursday, following Wednesday’s 1.79% loss, to end the day at $873.2.A positive start to the day saw Bitcoin Cash move through to an intraday high $908.2 in the early hours, falling short of the first major resistance level at $912.93,

Gold futures are actually showing signs of life after hitting their lowest level since December 13 on Thursday. The price action actually suggests the first real reaction to geopolitical tensions in weeks.Helping to trigger the short-covering rally in gold was the massive sell-off in the U.S. Dollar, which tumbled from

Natural gas futures posted a volatile, two-sided trade on Thursday as investors reacted to weather reports and fresh data from the government on supply, before settling only slightly better.On Thursday, the U.S. Energy Information Administration reported that domestic supplies of natural gas rose by 91 billion cubic feet (Bcf) for

Safe-haven demand drove the Dollar/Yen lower on Thursday as investors reacted to a steep sell-off in U.S. equity markets and a drop in U.S. Treasury yields. The catalysts behind the moves were increased worries over the trade conflict between the US and China, and weaker-than-expected U.S. manufacturing data.On Friday, these

The Euro is shifting towards the week’s highs as the Dollar takes a breather. The EUR/USD is trading close to Thursday’s close heading into Friday’s European market session, which brings a dose of mid-tier PMI figures due early to kick off the week’s end. The Euro managed to reverse the