Forecasts & Analysis, Page

The VIX volatility index rebounds

Cool-weather could weigh on prices

US yields continue to head lower

Stock markets were rather quiet during the trading session on Tuesday as we continue to test the 50 day EMA. It’s very precarious at this point, and it looks as if we may be running into quite a bit of trouble. That being said, traders are awaiting a slew of

The Silver markets have been dancing around the $70.00 level for the last couple of weeks, as we have seen a lot of back and forth trading. Ultimately, silver is bullish but we may be trying to digest the lot of upward momentum before moving forward.

As I stated yesterday, crude oil was running into a bit of trouble just above and it does look in fact as if that prediction is going to come true. Because of this, there’s a bit of a trend line keep in the market down, and of course major moving

The natural gas markets were relatively quiet during the trading session on Tuesday, as we continue to hang around the $2.20 level. The 50 day EMA is just above, and that continues to attract a lot of attention as well.

Gold markets rallied slightly during the day on Tuesday as the $1500 level has attracted a certain amount of buying pressure. However, we may need to pullback in order to pick up enough momentum to go forward.

The US dollar broke down a bit during the trading session on Tuesday, reaching towards the bottom of the trading session on Monday. Because of this, it looks as if the market is going to roll right back over and go looking towards the ¥105 level.

The British pound fell a bit during the trading session on Tuesday, as we continue to see a lot of pressure on the British pound due to the Brexit. Quite frankly, I don’t see this changing anytime soon, and therefore I remain a seller of this currency pair.

The British pound has fallen a bit during the trading session on Tuesday as we continue to see a lot of weakness involving global risk appetite and of course the Brexit. All things being equal it’s likely that we will continue to see this pair fall.

The Euro fell again during the trading session on Tuesday, as we continue to see a lot of selling pressure. At this point, I think it makes sense that you can’t buy this pair, because quite frankly not only do we have very negative technical analysis, we have no fundamental

The Aussie dollar continues to go back and forth during the Tuesday session, testing the resistance above, but it does look as if we are simply killing time to try to figure out which direction we are going next.

Talk of a synchronized world – all three economic superpowers are in a recession! The U.S. suffers from industrial recession, Japan from export recession, while Germany may fall into a broad economic recession. Will the gold market warm up to these news?

Based on the early price action and the current price at 26099, the direction of the September E-mini Dow Jones Industrial Average futures contract on Tuesday is likely to be determined by trader reaction to the short-term 50% level at 26215.

Based on the current price at 2924.25, the direction of the September E-mini S&P 500 Index the rest of the session on Tuesday is likely to be determined by trader reaction to the short-term Fibonacci level at 2932.50 and the uptrending Gann angle at 2913.50.

Based on the early price action and the current price at 1.1077, 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 1.1092.

Driving the two-side price action is a forecast calling for heat and high humidity until mid-week then a cooling off period into August 30. The odds are in favor of a downside bias because of cooler-trending long-range outlooks and rising production, however, the bulls are being stubborn after picking up

The bulls once again supported Bitcoin without letting it drop below $9,700. At the beginning of the week, Bitcoin got a new impetus for growth due to the news from Bakkt, which received permission to launch delivery futures.

With yields dipping and the Japanese Yen inching higher, the price action in gold suggests that today may actually develop into a “risk-off” day.  This is understandable since it’s been about a week since the yield curve inverted, signaling a recession, and the news hasn’t been all that supportive for