Forecasts & Analysis | Commodities, Page

  • James Hyerczyk
    James Hyerczyk

    USD/JPY Forex Technical Analysis – Weekly Chart Strenghtens Over 110.710, Weakens Under 110.662

    The Dollar/Yen closed lower last week for the fourth week out of five. Safe-haven buying and position-squaring in anticipation of a change in policy by the Bank of Japan is driving the Japanese Yen higher.Last week, the USD/JPY settled at 110.378, down 0.555 or -0.50%.Daily USD/JPYWeekly Technical AnalysisThe main trend

    Read More
  • James Hyerczyk
    James Hyerczyk

    NZD/USD Forex Technical Analysis – Weekly Chart Strengthens Over .6621, Weakens Under .6597

    The New Zealand Dollar closed higher last week after hitting its lowest level since the week-ending February 19, 2016. The rebound rally was strong enough to produce a closing price reversal bottom on the weekly chart.For the week, the NZD/USD settled at .6601, up 0.0024 or +0.37%.Due to the prolonged

    Read More
  • Alexander Kuptsikevich
    Alexander Kuptsikevich

    Bitcoin Still in Demand Following Period of Recessions

    Bitcoin continues to “lick its wounds” after a devastating correction at the start of the previous week, pushing the total market cap up to $216 against lows at $189 billion, the lowest level since late October 2017. This recovery can barely be considered as strong despite the TOP-100 coins being

    Read More
  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Weekly Forecast – Are Longer-Term Investors Unwinding Long Dollar, Short Yen Positions?

    The Dollar/Yen finished lower last week for the fourth week out of five as investors pumped money in the Japanese Yen due to safe haven buying related to the financial crisis in Turkey and its impact on emerging markets. Falling U.S. Treasury yields helped tighten the spread between U.S. Government

    Read More
  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Weekly Forecast – Traders Will Be Watching Outcome of US-China Trade Talks

    The Australian and New Zealand Dollars finished mixed last week. Both were driven sharply lower by a stronger U.S. Dollar. Some of the pressure came from spillover selling related to the previous week’s dovish monetary policy statements.There were also concerns raised over a weakening China economy. However, the currencies did

    Read More
  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Weekly Forecast – Average Temps, Steady-to-Higher Production Should Limit Gains

    Natural gas futures finished lower last week after an attempt to challenge summer tops at $2.995 and $3.025 failed to gain traction following the release of a government report showing a bigger-than-expected storage injection the previous week.For the week, October Natural Gas futures settled at $2.935, down $0.014 or -0.47%.The

    Read More
  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Forecast – Direction Could Be Influenced by Central Bankers’ Remarks at Jackson Hole Symposium

    Gold futures finished lower last week after spiking to its lowest level since the week-ending December 23, 2016. The catalyst behind the selling pressure was a stronger U.S. Dollar which surged to its highest level since the week-ending May 19, 2017. The rally in the dollar was fueled by a

    Read More
  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 19/08/18

    Bitcoin Cash Sells OffBitcoin Cash slid by 8.5% on Saturday, partially reversing Friday’s 16.77% gain, to end the day at $553.9.A start of a day intraday high $610, which fell short of the first major resistance level at $633.2, was the only bullish move of the day, with Bitcoin Cash

    Read More
  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Weekly Forecast – U.S-China Trade Talks Providing Some Optimism for Bulls

    U.S. West Texas Intermediate and international-benchmark Brent crude oil finished lower for a third consecutive week and its sixth weekly lower close out of seven amid increasing concerns about slowing global economic growth that could hit demand for petroleum products.Last week, October WTI crude oil settled at $65.38, down $1.56

    Read More
  • Christopher Lewis
    Christopher Lewis

    S&P 500 Weekly Price Forecast – stock markets continue to show resiliency

    The S&P 500 fell as low as 2800 on Wednesday, as the Turkish lira crashed and sent the US dollar higher, and fears of contagion around the world shook the markets. Beyond that, the market had quite frankly been a bit overstretched. We did find support at 2800 though, and

    Read More
  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets plunge for the week

    Silver markets broke down rather significantly during the week, slicing through the $15 level with these. In fact we got as low as $14.30 before bouncing a bit. The $14 level underneath is massive support, but I cannot help but notice that we have formed a bit of a descending

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – crude oil markets very shaky for the week

    WTI Crude OilThe WTI Crude Oil market broke down rather significantly during the week but bounced enough from just below the $65 level to save itself from completely slicing through the uptrend line on the close. Overall though, I think the $65 level must hold for the uptrend to continue.

    Read More
  • Christopher Lewis
    Christopher Lewis

    Natural Gas Weekly Price Forecast – natural gas hangs top for the week

    Natural gas markets initially fell during the week but found enough resiliency, especially on Friday to turn around of form a bit of a hammer. We said just below the $3.00 level, an area that is not only psychologically important but structurally important as well. If we can clear that

    Read More
  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets break down

    Gold markets broke down below a significant support level in the form of $1200 during the week. By doing so, the market looks ready to continue going lower, although we did get a bit of a bounce on Friday. I believe at this point if we approach the $1200 level,

    Read More
  • Christopher Lewis
    Christopher Lewis

    USD/JPY Weekly Price Forecast – US dollar mixed against Japanese yen

    The US dollar has gone back and forth during most of the week against the Japanese yen, hovering above the ¥110 level. This level has been important more than once, and after the recent surge higher it makes sense that maybe we need to take a little bit of a

    Read More
  • Christopher Lewis
    Christopher Lewis

    GBP/USD Weekly Price Forecast – British pound tries to stabilize

    The British pound went back and forth during the week, showing signs of indecision. We are trying to stabilize the vital 1.2750 level, an area that I said could be important if we broke down below the 1.30 level. It certainly looks as if it is trying to offer some

    Read More
  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – British pound continues to struggle against Japanese yen

    The British pound initially tried to rally during the week but gave back the gains and ended up forming a candlestick that looks very much like a shooting star at the bottom of the overall range. By sitting on top of the ¥140 level, this has me thinking that we

    Read More
  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro hanging on for dear life

    The Euro rallied significantly after initially falling during the week to form a massive hammer. The hammer is based around the 1.14 level, an area that has been crucial more than once. Because of this, I believe that the market will probably turn around and continue to try to reach

    Read More
  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Aussie finds support

    You can see that the Australian dollar broke down rather significantly during the week, but as we are closing it out, we are looking at a potential hammer. The hammer of course is a very bullish sign, and if we can recapture the 0.73 level, we may have another push

    Read More
  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets resilient on Friday

    The S&P 500 did pull back slightly during the day on Friday, but in the end looks to be a bit resilient. The fact that we are stabilizing after having such significant gains during the day on Thursday tells me that the buyers are very comfortable at these levels. They

    Read More

Top Promotions

Top Brokers