Forecasts & Analysis

The AUD/USD is trading higher near the close on Wednesday after recovering from an early sell-off. Sellers hit the Aussie shortly after the release of a disappointing consumer inflation report. After spending most of the session on the downside, the Australian Dollar erased all of its earlier losses. The catalyst behind the move was the … Continue reading AUD/USD Forex Technical Analysis – Buyers Defending Trend, Fibonacci at .7863

Natural gas prices whipsawed higher early in the trading session but was unable to hold on to gains and eventually moved down, declining by 1%.  Below normal temperatures are forecast to cover most of the middle of the United States for the next 2-weeks, but warm weather is sliding west, which could help keep prices … Continue reading Natural Gas Price Analysis for July 27, 2017

Gold prices moved higher following the Fed’s interest rate decision. While most investors did not expect any action, there were thoughts that the Fed could introduce its plan on unwinding its balance sheet.  The Fed did say that they will moved toward further normalization some-time this year and sooner rather than later.  The dollar eases … Continue reading Gold Price Prediction for July 27, 2017

Crude oil prices surged higher and started the session in the black, following a larger than expected draw in crude oil inventories reported on Tuesday evening by the American Petroleum Institute.  Prices gapped up to the 48.66 level, but then eased ahead of the EIA data. Prices refreshed their upward climb following the robust inventory … Continue reading Crude Oil Price Analysis for July 27, 2017

U.S. yields edged slightly higher as stocks in the U.S. hit fresh all-time highs. ECB yields eased after rising on Tuesday, despite broad gains on European stock markets. The Fed said that further changes to the normalization policy were coming soon, when discussing the balance sheet. They also left rates unchanged.  The Fed said that … Continue reading EUR/USD Daily Technical Analysis for July 27, 2017

September E-mini Dow Jones Industrial Average futures are trading better shortly before the cash market opening. Traders will once again be focusing on earnings with a slew of companies expected to report today. Facebook reports after the close. Investors seem to be immune to outside distractions this week. It looks like investors are ignoring the … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 26, 2017 Forecast

September E-mini NASDAQ-100 Index futures are trading slightly higher shortly before the cash market opening. Gains were capped on Tuesday as Alphabet – Google’s parent – was a drag on the market. We could see a rangebound market today since Facebook delivers its earnings after the close. Technical Analysis The main trend is up according … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 26, 2017 Forecast

Euro/Dollar has moved back and forth in a total range of just 41 pips. Traded volume is average and neutral sentiment of the traders is leaning towards the short side by 8%. Both sides have seen some chances, but the narrow price movement range is what should limit upside potential. Pound/Dollar’s gradual decline was followed … Continue reading Midday Forex Snapshot – July 26, 2017

Several interesting trends have been taking place in oil markets in recent weeks. For one thing, shipments of crude oil from Saudi Arabia to the United States of America have dropped to a 7-year low. According to data released by the US EIA (Energy Information Administration), the July 14, 2017 figure for imports from Saudi … Continue reading Should Investors Be Concerned About the Price of Crude Oil?

September E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. Traders appear to be shrugging off the news of another defeat for Trump and the Republicans over health care reform. This may mean that they don’t care about Trump’s tax reform or fiscal stimulus plan anymore. The focus is on … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – July 26, 2017 Forecast

December Comex gold futures are trading lower shortly before the cash market opening. Sellers are following through to the downside for a second session after Monday’s bearish closing price reversal top. Gold is being pressured by a recovery in the U.S. Dollar and increasing demand for higher-yielding assets. Later today, investors will get the opportunity … Continue reading Gold Price Futures (GC) Technical Analysis – July 26, 2017 Forecast

Good morning traders, the team brings you the Main Daily Trading Signals for Wednesday. The first pair for this report is the Euro/Dollar, which sees 5 sell prompts on both its 1 and 4-hour charts and 5 bullish signals on its 24-hour scale. The interbank is bullish as well at more than 19% long, matching … Continue reading Forex Trading Signals – July 26, 2017

USD/CHF USDCHF’s break of immediate descending trend-channel presently enables the pair to confront the 0.9590 horizontal-line, breaking which 0.9600 and the 0.9650 may act as following resistances before propelling the quote to eight-week long downward slanting TL, at 0.9680. Given the pair’s ability to surpass 0.9680, the 0.9700 could become an intermediate halt ahead of … Continue reading Technical Overview Of USD/CHF, GBP/CHF, AUD/CHF & NZD/CHF: 26.07.2017

September West Texas Intermediate crude oil futures are trading higher but inside yesterday’s range. This suggests investor indecision and impending volatility. Traders are waiting for today’s U.S. Energy Information Administration’s weekly inventories report, due to be released at 1430 GMT. It is expected to show a draw of about 3.3 million barrels. Yesterday the market … Continue reading Crude Oil Price Update – Reaction to Fibonacci Level at $48.52 Will Determine the Next Move

The EUR/USD is trading flat as investors await the latest U.S. Federal Reserve interest rate decision and monetary policy statement. The Fed is widely expected to leave interest rates unchanged. Traders will be more interested in any comments it has on economic growth, the labor market, and inflation. Investors also be looking for clues about … Continue reading EUR/USD Mid-Session Technical Analysis for July 26, 2017

That would be it about the local strength of the American Dollar. Well, at least till the FOMC, which will definitely influence the markets today. In this surroundings we do have three nice setups for you. First one is the AUDUSD, which is in a long-term up trend after breaking the upper line of the … Continue reading Few Trading Occasions Before the FOMC: AUD/USD, GBP/JPY and USD/MXN

Crude Oil has seen a speculative buying spree the past day and is testing important resistance. Crude Oil Inventories will come from the U.S today and could increase volatility within the commodity. Surge in U.S. Crude Oil This Week U.S. Crude Oil surged in value on Wednesday and broke through important short-term resistance levels. The … Continue reading Tactics and Analysis, July 26, 2017 – U.S. Crude Oil Rises Again

Gold The market was very choppy during the Tuesday’s session and went downside to find enough support around the $1250 handle. The market is treading carefully before the statement by FOMC. Traders should watch for the level at the close of the session, if we close below the $1240 region then the market will go … Continue reading Commodities Daily Forecast – July 26, 2017

EUR/USD The pair tried to rally past the 1.17 level but found enough resistance to fall back during the day. The market is looking for the 1.1850 level in long term and it will find strong support around the 1.15 level which it broke after 2 years of consolidation. FOMC statement from the US which … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 26, 2017

Crude oil prices extend gains on Wednesday morning amid the recent news on global production cuts. According to the American Petroleum Institute data – The refineries pushed production by 10.23 Million barrels whereas only 3 Million barrels were expected to drop at the most. This would create a huge impact and set the rally ahead … Continue reading WTI Crude Oil Daily Analysis – July 26, 2017