Forecasts & Analysis | Commodities, Page

  • Colin First
    Colin First

    USD/CAD Price Forecast – Pair Moves Higher on Strong Dollar

    The USDCAD bulls are once again back in business as the dollar strength has been dominating the market headlines over the last few days. This is set to continue in the short term and hence it would not be a surprise if the prices begin to move towards the 1.35

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  • Nenad Kerkez
    Nenad Kerkez

    EUR/USD Preparing for a Bearish Breakout

    The EUR/USD has rejected from the order block close to 23.6 of it’s last swing. The POC zone 1.1605-15 is also showing a retracement trend line break, so we might see a continuation towards 1.1542 and 1.1521 which is a confluence of D/W L3. In the case of a bounce

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  • Colin First
    Colin First

    Commodities Daily Forecast – June 18, 2018

    GoldThe gold prices broke down significantly during the Friday’s session breaking through the major uptrend line that extends from late 2016. Gold is currently hovering around the $1275 level and could break towards the $1250 level over the longer term. The market is expected to continue volatile as people are

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  • Colin First
    Colin First

    Forex Daily Outlook – June 18, 2018

    EUR/USDThe pair managed to reverse its positions in the Friday’s session after falling vehemently the previous session post the announcement from ECB. The market still has a strong support around the 1.15 level and break below this level will push this market much lower. The market is likely to continue

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  • Colin First
    Colin First

    DAX Index Forecast – DAX Likely to Start Weaker

    The DAX index has managed to cross through the 13000 region on the back of the ECB saying that the rate hikes would be delayed till the summer of 2019. This put paid to the hopes of many traders who were expecting the rates to be hiked at a much

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  • Bob Mason
    Bob Mason

    Cardano’s ADA Technical Analysis – Looking for Support – 18/06/18

    Key HighlightsCardano’s ADA fell by 1.17% on Sunday, reversing Saturday’s 0.5% gain, to end the day at $0.1601.An intraday high $0.16444 fell short of the day’s first major resistance level at $0.1652, with a late in the day intraday low $0.16 holding above the first major support level at $0.1583.Failure

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  • Colin First
    Colin First

    GBP/USD Price Forecast – Pound Manages to Hold On

    The pound has managed to escape from the direct impact of the strength of the dollar and the fall in the euro which have been the 2 important points that have been dominating the market headlines over the last week or so. The dollar has received a boost from the

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 18/06/18

    Bitcoin Cash Sees More RedBitcoin Cash slipped by 0.28% on Sunday, partially reversing Saturday’s 0.86% gain, to end the week down 9.35% to $846.7.An early bounce gave Bitcoin Cash some upward momentum through the morning, leading to an intraday high $863.1 before reversing, the day’s high having fallen short of

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Daily Forecast – Repatriation, Safe-Haven Buying Driving Investors into Yen

    The Dollar/Yen is trading lower early Monday. Some of move is related to flight-to-safety buying related to a drop in U.S. Treasury yields and weaker U.S. stock prices. These moves are being fueled by worries over a potential trade war between the U.S. and China.At 0533 GMT, the USD/JPY is

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Daily Forecast – Technical Factors Driving Early Price Action

    After early session weakness, the Australian and New Zealand Dollars are trading slightly better, setting up a possible technical closing price reversal bottom. There weren’t any major fundamental events early Monday so most of the price action is related to profit-taking and position-squaring probably related to oversold technical conditions.At 0457

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Move Over $3.00 Means Weather Market Has Started

    Natural gas prices are trending higher early Monday as investors react to short-term forecasts for hot weather. Nearby futures prices breached the psychological $3.00 level on Friday for the first time since January but buyers still face a mountain of hedging pressure at or near $3.041, the October 2017 top.At

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  • Colin First
    Colin First

    EUR/USD Price Forecast – Euro Likely to Consolidate

    The EURUSD pair has been trying to form a base over the last couple of days as the hit that it had taken due to the hawkish stance of the ECB with regard to the tapering and ending of the QE seems to continue to have a large impact on

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – BTC Prices in Range

    There hasn’t been much happening in the crypto markets over the weekend which is something unusual for a market that has been used to a lot of volatility as compared to the other ones. We have been seeing the $6600 region acting as the resistance overhead and this is something

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Look for Recovery if US-China Trade War Escalates

    Gold traders are trying to claw back some of Friday’s $29.80 loss early Monday. This move suggests that much of the steep plunge was fueled by sell-stops rather than aggressive short-selling. The headlines read on Friday that long investors just bailed out of positions. This may be true, but one

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Increased Production is Coming, How Much and When Are the Questions

    U.S. West Texas Intermediate and international benchmark Brent crude oil futures are trading sharply lower early Monday, pressured by expectations that OPEC and other major Non-OPEC members are preparing to raise output.At 0246 GMT, August WTI Crude Oil is trading $63.59, down $1.26 or -1.94% and August Brent Crude Oil

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  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Downside Momentum Could Drive Market into $62.99

    U.S. West Texas Intermediate crude oil futures are trading lower early Monday. The price action suggests investors continue to expect OPEC and several major non-OPEC producers to announce an increase in production at the meeting in Vienna on June 22-23. Early guesses are for Saudi Arabia and Russia to push

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – June 18, 2018 Forecast

    Gold futures are trading higher early Monday as aggressive investors take advantage of prices not seen since December 19. On Friday, gold plunged $29.80 or -2.33% on what looked like a delayed reaction to the Fed’s rate hike on Wednesday and the European Central Bank’s monetary policy moves on Thursday.According

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – June 18, 2018 Forecast

    The AUD/USD closed lower on Friday and in a position to continue the pressure on Monday. Today is the eighth day down from the last main top on June 6. This puts it in the window of time for a closing price reversal bottom. This chart pattern does not mean

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Weekly Forecast – Big Test for Bears Coming Up This Week, Will They Retain Control?

    Natural gas prices surged to over $3.000/MMBtu for the first time since late January after short-term weather forecasts called for hot temperatures that are likely to lead to increased demand while curtailing efforts to rebuild gas in storage.August Natural Gas finished the week at $3.015, up $0.121 or +4.18%.Fundamentally, the

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 17/06/18

    Bitcoin Cash Stays in the RedBitcoin Cash gained 0.86% on Saturday, partially reversing Friday’s 5.97% slide, to end the day at $849.1, the day’s gains leaving Bitcoin Cash down 9.1% for the week.An early move through to an intraday high $859.8 fell short of the day’s first major resistance level

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1613
+0.0021
+0.18%
GBPUSD
GBP/USD
1.3243
-0.0030
-0.23%
XAUUSD
Gold
1279.6
-1.1300
-0.09%
CL
Crude Oil
64.625
+0.4650
+0.72%
SPX
S&P 500
2766.2
-16.750
-0.6%
DAX
DAX 30
12804.2
-192.25
-1.48%
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