Forecasts & Analysis

After three consecutive days of gains, oil prices hover near eight-weeks high on Thursday morning as U.S. inventory data raised concerns of lower stockpiles. According to the Energy Information Administration – the increase in production output led to the fall in U.S. crude stocks last week. Based on the inputs of industry players about the slowing of U.S. … Continue reading WTI Crude Oil Daily Analysis – July 26, 2017

EUR/USD The pair went on a sideways movement during the Wednesday’s trade and seems to consolidate between the 1.1625 level and 1.17 level. The mildly dovish FOMC statement will lift the market higher and aim for the target 1.1850 levels. Over a couple of days of trading, the market seems to have made 1.15 level … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 27, 2017

S&P 500 S&P 500 traders initially tried to rally during the day on Wednesday, but then pulled back as we got close to the FOMC statement. In a nutshell, the statement said absolutely nothing new, and this seemed to have offered a bit of comfort for traders as we rallied again. It looks as if … Continue reading Major US Indices Forecast, July 27, 2017, Technical Analysis

EUR/USD: Euro Must Be Watched by Traders The Euro has gained very well since the release of the U.S central bank’s policy statement. The Euro is firmly above the 1.17 level against the U.S Dollar. The European currency will be important to watch over the next two days, as it tests long term highs not … Continue reading Daily Market Forecast, July 27, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

Gold climbed to six-weeks high after a dovish FOMC statement that included a cautious US inflation outlook. The precious metal extended gains on Thursday morning to trade at 1262.25, +1.02%. According to the statement from the FED, interest rates are likely to remain low for a while as the weakness in inflation weigh on US … Continue reading Gold Daily Analysis – July 27, 2017

You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out. Euro/Dollar went up yesterday, and it now has R1 of 1 1750 and S1 of 1 1710. Price Channel Indicator Upper Line is among the 3 models for R1, and R3 is a psychological level with 2 studies. … Continue reading Thursday Support and Resistance Levels – July 27, 2017

The Dollar/Yen declined sharply on Wednesday after the U.S. Federal Reserve’s cautiously worded monetary policy statement drove down U.S. Treasury yields. In its statement, the Fed acknowledged the soft inflation reading, bolstering views that the central bank may take a pass at additional rate hikes later this year. The USD/JPY settled at 111.167, down 0.708 … Continue reading USD/JPY Fundamental Daily Forecast – Will Investors Respond to Carry Trade or Treasury Yields?

The USDCAD pair pushed lower on the back of a weak dollar but so far, the the push has not been able to move the pair below the 1.24 region. The progress in the downtrend has clearly slowed down and it remains to be seen whether this lull would lead to a bounce or is … Continue reading USD/CAD Daily Fundamental Forecast – July 27, 2017

As expected, the bitcoin prices have been ranging and consolidating around the $2500 mark over the past 24 hours and this is expected to continue in the short term. We also have an impending “fork” about the happen in the bitcoin industry on August 1 and it remains to be seen whether that is indeed … Continue reading Bitcoin and Ethereum Price Forecast – Prices Continue to Consolidate

The DAX index rose during the start of the session yesterday, something which we had pointed to, in our forecast and it did spend quite a bit of time above the 12300 region but later corrected towards the end of the day and closed the day below 12300 once again. The index seems to be … Continue reading DAX Index Daily Fundamental Forecast – July 27, 2017

The German index did rally a bit at the open on Wednesday, but then sat still at the €12,300 level. We have recently bounced a bit, and it looks like we are trying to find her footing again. There is a bit of a barrier at the €12,500 level, but if there’s any index that … Continue reading DAX Index Price Forecast July 27, 2017, Technical Analysis

Dow Jones 30 The Dow Jones 30 initially rocketed to the upside during the day on Wednesday, but found enough resistance near the 21,725 level to turn around. Ultimately, everybody pulled back as they were awaiting the FOMC statement. In the end, the statement ended up being more of the same, and now that we … Continue reading Dow Jones 30 and NASDAQ 100 Forecast July 27, 2017, Technical Analysis

S&P 500 traders initially tried to rally during the day on Wednesday, but then pulled back as we got close to the FOMC statement. In a nutshell, the statement said absolutely nothing new, and this seemed to have offered a bit of comfort for traders as we rallied again. It looks as if the market … Continue reading S&P 500 Price Forecast July 27, 2017, Technical Analysis

The FTSE 100 index shot higher during the day on Wednesday, and then pulled back to mute some of the gains. However, I think that we are going to continue to go higher, and reach towards the 7500 level. I believe that the market continues to reach above there as well, as the market is … Continue reading FTSE 100 Index Price Forecast July 27, 2017, Technical Analysis

Silver markets continue to jump around during the Wednesday session, as the $16.50 level has offered a bit of resistance. If we can break above the $16.60 level, I feel at that point that Silver can continue to go much higher, perhaps reaching towards the $17 level, and even beyond that. I do believe in … Continue reading Silver Price Forecast July 27, 2017, Technical Analysis

WTI Crude Oil The WTI Crude Oil market went sideways initially during Wednesday trading, but found buyers underneath. Because of this, looks as if the buyers are ready to jump back into this market and continue to push towards the $49 level. I ultimately am waiting to see the market reach towards the $50 level, … Continue reading Crude Oil Price Forecast July 27, 2017, Technical Analysis

Natural gas markets initially tried to rally during the Wednesday session but fell apart as the $2.95 level seem to be a bit too rich for traders to hang onto. Because of this, I believe that we will continue to see selling pressure, and it’s only a matter of time before we make a fresh, … Continue reading Natural Gas Forecast July 27, 2017, Technical Analysis

Gold markets drifted a little bit lower pre-FOMC on Wednesday, as we continue to bounce around the $1250 level. Ultimately, it looks as if the gold markets are getting ready make a $50 decision, as we are in the middle of massive consolidation. At the lower end of the consolidation is the $1200 support level, … Continue reading Gold Price Forecast July 27, 2017, Technical Analysis

The United States dollar initially fell against the Japanese yen but then turned around to show signs of strength later in the day. As we wait the FOMC meeting, the question now remains whether the Federal Reserve will raise interest rates. Quite frankly, looks as if the US dollar has already made up its mind, … Continue reading USD/JPY Forecast July 27, 2017, Technical Analysis

The USD/CAD pair went sideways initially during the course of the session on Wednesday, as the world awaited the FOMC statement. We are hovering just above the 1.25 handle, and that of course is a very important level. If we can break down below there, the market will probably go looking for the 1.24 handle … Continue reading USD/CAD Forecast July 27, 2017, Technical Analysis