Forecasts & Analysis, Page

The British pound rallied against the greenback in North American trading on Thursday after rhetoric from a Fed member was perceived more dovish than expected.

A speech from New York Fed President Williams yesterday has stirred expectations of aggressive easing and sent the dollar sharply lower.

The President of the Federal Reserve Bank of New York (the most influential of the regional banks) noted on Thursday that policymakers should not wait for an economic disaster to hit before adding stimulus. Note that the comments of Fed members over the past two weeks have consistently strengthened confidence

Recently I have been trying to show all the different angles to look at and analyze the US stock market and the precious metals sector. At the end of this report, I will share with you several crucial angles and charts you must see for our self. There are

The spotlight for the day flashes over the crucial Canadian May MoM Retail Sales data. Crude prices rose more than 2% today as the US Navy downed an Iranian drone, elevating Middle East tensions.

The Futures markets are pointing to a bullish start to the European session. Corporate earnings, FOMC member chatter and Trump could impact…

It’s a bearish start to the week, with support levels in play should DASH fail to move back through to $110 levels…

It’s back into the red for the majors in the early hours. There could be a bounce-back should key levels be avoided going into the afternoon.

Manufacturing in June surged more than expected

Natural gas inventories rise in line with expectations

Gold closes at 6-year high

Based on today’s price action and the current price at 27207, the direction of the September E-mini Dow Jones Industrial Average into the close is likely to be determined by trader reaction to the downtrending Gann angle at 27205.

Based on the early trade and the current price at $1430.60, the direction of the August Comex gold futures market the rest of the session on Thursday is likely to be determined by trader reaction to a pair of Gann angles at $1427.60 and $1426.90.

The delicate balance of forces at the Fed has been disturbed. The doves grew stronger recently, and with new governors coming, their strength may increase even further. Will gold warm up to them?

The stock markets rally just a bit early during the trading session on Thursday, recovering a little bit of the loss that we have expense over the last several sessions.

Silver markets continue to look strong overall, but during the day on Thursday we have given back a significant amount of the gains. At this point, the $16 level has been important, and should continue to be so.

Crude oil markets try to rise initially during the trading session on Thursday but then turned around to show signs of weakness yet again. This is a market that continues to struggle in general, as the fundamental outlook for the market is getting weaker.

Natural gas markets rallied slightly during the trading session on Thursday, using the $2.30 level as support. As such, it looks as if we may get a little bit of a bounce, but it should be short-lived.

Gold markets pulled back a bit during the trading session on Thursday as we continue to see a lot of volatility. The area above the $1425 level continues to be difficult.

The US dollar pulled back a bit against the Japanese yen during the trading session on Thursday but found enough support at the 61.8% Fibonacci retracement level to bounce significantly.