Forecasts & Analysis, Page

The last time we celebrated a record high on U.S. equities was seven months ago. Back then the celebration did not last long as fears of tighter monetary policy.

On the Brexit front, matters remain chaotic. Conservative party members concentrate on bringing down the current PM, and they focus less on solving the Brexit. Cross-party talks are still ongoing with less/no progress. On the Technical side, sentiment remains bearish.

If anyone is questioning the Fed’s dovish pivot, take one look at the S&P 500 which suggests the Fed pause is delivering in spades.

All the major 200-days SMA and 100-days SMA stood way above the EUR/USD, developing a bearish stance. Today is the deciding day for the EMU economy. Things had remained pretty pathetic for the euro pair in the last couple of sessions. The Greenback continues to hover in the 97.60/70 top

Based on the early price action, the direction of the USD/JPY on Wednesday is likely to be determined by trader reaction to the downtrending Gann angle at 111.858.

Based on the early price action, the direction of the NZD/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at .6640.

Monera’s XRM looks to buck the bearish trend for a 2nd consecutive day. Some support is going to be needed for a breakout, however…

Based on the current price at .7035 and the earlier price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the 50% level at .7030.

The Bitcoin rally failed to support the broader market. This could be a real test for the bulls mid-week…

Tuesday’s price action suggests at least one rate cut has been priced in so it possible that we see a “sell the rumor, buy the fact situation.” However, weaker than expected numbers should drive the Aussie sharply lower.

With some financial sector corporate earnings results out of Europe, another set of positive U.S earnings results may not be enough…

Strong earnings are driving stocks higher

Natural gas breaks down dropping nearly 3%

US Yields reverse allowing gold to remain buoyed

The US stock markets rallied rather significantly during early trading on Tuesday as we continue to see a lot of bullish pressure to the upside. That being said, there are some major areas of resistance just above.

Silver markets broke hard to the downside during the trading session on Tuesday, as we continue to see a lot of US dollar strength. Silver is especially sensitive to the US dollar, and now it looks as if we are ready to break through even more support.

The crude oil markets rallied again during the day on Tuesday, reaching towards higher levels as the break out continues. Quite frankly, this is a market that looks bullish enough to continue going higher.

Natural gas markets bounced a bit after initially trying to dipped lower during the day on Tuesday, as we have reached extremes to the downside. That being said, this is a market that looks very dangerous.

Gold markets broke down a bit during the trading session on Tuesday, slicing through sideways support that I had pointed out previously. Beyond that, we also stay below there although there was a bit of a bounce later in the day. At this point though, we have seen where gold

The US dollar initially fell during trading on Tuesday but did find a bit of a bit against the Japanese yen later in the day. By doing what it has done, it shows that there is significant buying underneath as we continue to press up against major resistance.