Forecasts & Analysis

The AUD/USD finished higher on Tuesday, but the trade was mostly sideways accompanied by below average volume. Traders held the Forex pair in a range ahead of Wednesday’s release of the Australian Consumer Inflation report. Quarterly CPI is expected to come in at 0.4%, down slightly from the previously reported 0.5%. Later in the day … Continue reading AUD/USD Forex Technical Analysis – Reaction to .7931 Pivot Will Set Tone for Day

September U.S. Dollar Index futures posted an outside move and for the second straight day, a closing price reversal bottom. The volatile price action is the result of low volume and uncertainty ahead of the start of the two-day U.S. Federal Reserve Monetary Policy meeting. Shorts also squared positions on the chance that President Trump … Continue reading US Dollar Index (DX) Futures Technical Analysis – Shorts Are Covering Ahead of Fed Decisions

September Comex High Grade Copper futures soared on Tuesday, boosted by strong technical momentum, signs of robust demand from top consumer China, tight supplies and a weak dollar. For bullish investors, it was basically driven higher by a perfect storm of events. Technical Analysis Monthly Analysis From the top down, the monthly range is $3.6775 … Continue reading Comex High Grade Copper Price Futures (HG) Technical Analysis – Perfect Storm of Events Drives Copper to Two-Year High

Gold prices consolidated on Tuesday edging lower as the dollar gained traction as U.S. yields moved higher.  Weaker than expected German import price inflation took some of the luster out of the yellow metal.  Support on gold is seen near the 10-day moving average at 1,238.  Resistance is seen near the weekly highs at 1,258.  … Continue reading Gold Price Prediction for July 26, 2017

Natural gas prices moved higher on Tuesday generating an inside day which reflects indecision. The rebound follows Monday drop of more than 2%, after a report was released by the National Oceanic Atmospheric Administration. The report shows that the weather over the next 2-weeks is expected to be cooler than normal which could reduce cooling … Continue reading Natural Gas Price Analysis for July 26, 2017

Crude oil prices broke out on Tuesday as news that the Saudi’s planned on reducing exports by 1-million barrels helped lift crude oil above resistance. The Saudi’s are targeting exports to the United States which show up in the inventory report released by the Department of Energy on a weekly basis. With these numbers coming … Continue reading Crude Oil Price Analysis for July 26, 2017

Eurozone yields jumped higher with European equity markets in the wake of record beating German Ifo confidence readings. The headline Ifo may overstate growth prospects, but coupled with comments from ECB’s Mersch, who was more optimistic on both growth and inflation, markets were reminded that tapering is still looming on the horizon. Inflation remains moderate … Continue reading EUR/USD Daily Technical Analysis for July 26, 2017

September E-mini Dow Jones Industrial Average futures are expected to open sharply higher in reaction to strong earnings from Caterpillar and United Technologies. The early session rally has put the Dow in a position to make a new all-time high. Despite the strong rally, volume is expected to come in below average as investors prepare … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 25, 2017 Forecast

September E-mini NASDAQ-100 Index futures are trading slightly higher shortly before the cash market opening. The index is getting support from upside momentum being generated by strong pre-market gains in the Dow Jones Industrial Average and the S&P 500 Index. However, a drop in Alphabet – Google’s parent – are helping to limit gains. Later … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 25, 2017 Forecast

New week starts with a correction of the recent movements so finally USD is gaining some strength and we do have a reversals on the Gold and DAX. The most technical movement can be seen on the Gold which went to the 1258 USD/oz resistance, created a Head and Shoulder patter, broke the neckline and … Continue reading Time to Take Some Profits: Gold, DAX and SP500

September E-mini S&P 500 Index futures are expected to open higher based on the pre-market trade. The index is within striking distance of its all-time high at 2476.25. Taking out this top will signal a resumption of the uptrend. The move will also make 2462.75 a new minor bottom. Currently, the main range is 2402.25 … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – July 25, 2017 Forecast

December Comex Gold futures are trading lower shortly before the regular session opening. The market followed through to the downside after posting a closing price reversal top on Monday, confirming the potentially bearish chart pattern. Technical Analysis The main trend is down according to the daily swing chart. Despite the recent 10 day rally, the … Continue reading Gold Price Futures (GC) Technical Analysis – July 25, 2017 Forecast

EUR/USD Although four-month old ascending trend-line, at 1.1690 now, restricted the EURUSD’s upside, the pair continues trading above 1.1615 horizontal-line and is indicating brighter chances to challenge the 1.1690 resistance again. Should the pair manage to surpass 1.1690 on a daily closing basis, the August 2015 high around 1.1715, followed by the 1.1750 and the … Continue reading Technical Update For EUR/USD, GBP/USD, USD/JPY & AUD/USD: 25.07.2017

September West Texas Intermediate crude oil futures are trading sharply higher after posting a potentially bullish closing price reversal bottom on Monday. Buyers extended yesterday’s gains after Saudi Arabia pledged to curb exports in August and OPEC called on several members to boost compliance with output cuts to help trim the supply glut and stabilize … Continue reading Crude Oil Price Update – Bullish Tone; Buyers Will Try to Drive Price thru $47.33 for Upside Breakout

The EUR/USD is trading slightly better shortly before the U.S. opening. The Forex pair is also trading inside yesterday’s range, which typically indicates investor indecision and impending volatility. This is likely because the major players are sitting on the sidelines ahead of Wednesday’s U.S. Federal Reserve interest rate decision and monetary policy statement. The Fed … Continue reading EUR/USD Mid-Session Technical Analysis for July 25, 2017

These are the Main Daily Trading Signals and here’s how the interbank compares with the technicals at 8 AM GMT. First up is the Euro/Dollar with 5 neutral signals on its hourly chart. The mid-term is divided between red and neutral models, and the daily outlook turns bullish with 5 studies, matching the more than … Continue reading Forex Trading Signals – July 25, 2017

The Pound will turn volatile tomorrow when the U.K releases its GDP numbers and the U.S later brings forth the FOMC Statement. The Pound has been stronger in the short term and we expect investors will position themselves ahead of tomorrow’s risk events. Pound Likely to Find Volatility Again The Pound has put in respectable … Continue reading Tactics and Analysis, July 25, 2017 – Pound Needs to be Watched

Gold The market is trying to go higher in every trading session. The market fell initially but found enough support around the $1250 level and turned around to break above the $1255 level. Dips should be considered a good opportunity to buy into the market as trouble in the dollar will continue for some time … Continue reading Commodities Daily Forecast – July 25, 2017

EUR/USD The pair went through sideways movements on yesterday’s trade and went down towards 1.1625 level which is a support zone also. The market is consolidating before beginning any upward movement. The market will provide traders with a opportunity to buy in dips as the market seems fairly overbought. The 1.15 level is a strong … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 25, 2017

Gold prices were almost unaffected over the good economic data just before the Federal Reserve’s policy meeting later this week. Gold holds near one month high on Tuesday morning at $1254.75. As the Federal Reserve’s policy meeting is scheduled for Wednesday, analysts expect the Fed to keep rates unchanged. Technical Outlook The 100-day moving average crossed above … Continue reading Gold Daily Analysis – July 25, 2017