Forecasts & Analysis, Page

As our research team continues to pour over the charts and look for any signs of direction regarding tomorrow’s Fed news, we put together a couple the charts that may highlight some expectations and in at what the markets may do the rest of the week.

Key HighlightsNEM’s XEM slid by 4.96% on Tuesday. Reversing a 3.46% gain from Monday, NEM’s XEM ended the day at $0.08613.A start of a day intraday high $0.09095 saw NEM’s XEM fall short of the first major resistance level at $0.0934.A late intraday low $0.08486 saw NEM’s XEM fall through

It’s back into the green for the majors. A hold onto key levels and a move by late morning would support the recovery of Tuesday’s losses.

Futures point to another slow start to the day. With all eyes on the FED and no material stats to distract, it could be a testy day ahead.

Stocks surge ahead of Fed

Prices are poised to test the June lows

Traders now await the Fed decision

Based on today’s price action and the current price at $1349.90, the direction of the August Comex gold futures contract into the close will be determined by trader reaction to the 50% level at $1349.40 and the Fibonacci level at $1352.40.

Based on the early price action and the current price at $53.94, the direction of the August WTI crude oil futures contract the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at $54.03.

Based on the early price action and the current price at 2929.75, the direction of the September E-mini S&P 500 Index futures contract is likely to be determined by trader reaction to the downtrending Gann angle at 2934.25.

If the upside momentum continues then look for a breakout over the intraday high at 26550. If this move creates enough upside momentum then look for a potential rally into the April 23 main top at 26710. If investors start to square positions or take profits ahead of Wednesday’s Fed

The stock markets rallied significantly around the world as the ECB talks of stimulus, and now we are heading towards the FOMC Statement which of course will continue to give hope for more stimulus here.

Silver markets rallied on Tuesday, reaching towards the $15.00 level. At that point, we are at a large, round, psychologically significant number that will of course attract a lot of attention.

Crude oil markets rallied quite significantly during the trading session on Tuesday, as the ECB warned that more quantitative easing could be coming. With that, the currency markets helped lift commodities in general.

Natural gas markets gapped lower to kick off the trading session on Tuesday, but then turned around to fill the gap and reach towards the $2.40 level. At that point, the market rolled over and showed signs of exhaustion yet again, as we continue to see a bearish action.

Gold markets rallied significantly during the trading session after the president of the ECB, Mario Draghi suggested that the ECB wasn’t above loosening monetary policy again. If that’s going to be the case, then it shows that central banks are still going to remain extraordinarily loose, putting an upward bias

The US dollar fell during trading on Tuesday, reaching back down towards the ¥180 level. That’s not a huge surprise, considering that the Federal Reserve comes out tomorrow with the statement, so a lot of people will be on the sidelines waiting to see what happens next.

The British pound broke down a bit during the trading session on Tuesday but continues to find the 1.25 level interesting for support. With that being the case, it makes sense that we would continue to find a lot of trouble in this area but as we are ahead of

The British pound continue to fall during the trading session on Tuesday, as we are very likely to reach towards the ¥135 level. At this point, this is a market that has been breaking down for some time and it’s showing no signs of slowing down.

The Euro went all over the place after the ECB sounded a bit more dovish during the Tuesday session. This of course has a lot of traders out there wondering about monetary policy, but don’t worry there is even more drama head as the Federal Reserve will have its announcement