Forecasts & Analysis, Page

Investors have sold equities across the globe and headed back towards the safety of government bonds and Gold. After spending several weeks pricing in the impact of expected monetary easing by major central banks, bullish investors took a pause as fundamentals began to show signs of cracks.

Based on the early price action and the current price at 1.1225, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at 1.1208.

Traders are looking for this week’s EIA weekly storage report to come at about 72 Billion Cubic Feet (BCF). Last year, the EIA recorded a 46 Bcf injection for the period, which covers the week-ended July 12. The five-year average is a build of 63 Bcf.

EUR/USD pushed higher in the early day but is seen battling a confluence of resistance.

We’re likely to see a lot of two-sided trading over the near-term with the European Central Bank set to meet on July 25, and the Fed on July 31. At this time, all we can say is be careful buying strength or selling weakness unless you have strong volume on

GBP/USD is recovery from a low set yesterday near the 1.2400 handle. The pair caught a strong bid in early day trading after UK retail sales came in ahead of expectations.

The wildcard is US-China trade relations. Reports say the two sides aren’t making any progress and may be hung up over the US treatment of Chinese communication Huawei. If the talks break off then tensions over lower demand will rise again, and we’re likely to see another round of selling

Dear Traders,The GBP/USD is under a retracement. I am watching 1.2495-1.2505 area for fresh selling opportunities.A reversal candlestick pattern within the POC zone should provide selling opportunities. We can clearly see the confluence between Red Levels ™ and camarilla pivots. Additionally, we can also spot the ATR high. The confluence

A cautious attitude is returning to investors. President Trump put pressure on stock markets, recalling the readiness to impose tariffs on Chinese goods worth up to 325 billion, which returned to market fears over the consequences of trade conflicts.

There seems little doubt that if inflation expectations resume a trend lower, then the need for an aggressive response from the Federal Reserve increases and this will have a greater effect on rate cut expectations, bond yields, the USD, equities and gold.

At the top of today’s watchlist, traders look for the US Jobless Claim reports. A triumphant march above the 50-day and 100-day SMA conflux would activate the 200-day SMA stalled near 1.3200 psychological mark.

Oil has decidedly moved yesterday, and the closing price didn’t make the bulls happy. They haven’t had much success repairing the damage earlier today, though. Does it mean that the bears can set their sights even lower now? Can geopolitical events, or any other factors come to the rescue of

It’s a bullish start to the day. A move through to 78.5 levels would bring $80 back into play. Steering clear of $76.5 will be key on the day.

The majors are on the move early on. Holding onto key levels through the morning will be key to avoiding a reversal, however…

Our researchers identified this critical Double-Top pattern in the Transportation Index after a very strong price rally on Friday, July 12.

The futures are pointing towards a slide at the open as earnings results begin to disappoint.

Based on Wednesday’s close at $63.66 and the early price action, the direction of the September Brent crude oil futures contract today is likely to be determined by trader reaction to the uptrending Gann angle at $63.32.

U.S. stocks fell on Wednesday and closed near their session lows after the Wall Street Journal reported that progress on a trade deal with China are stalled over restrictions on Huawei, citing people familiar with the talks.

The AUD/USD is likely to continue to key off the U.S. economic data over the near-term unless there is a big miss to the downside in the Employment Change report, or the Unemployment Rate surprisingly ticks higher.

Dalio likes gold