Forecasts & Analysis | Fundamental, Page 1

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold/Dollar Relationship at the Forefront

    Gold prices are trading lower early Tuesday after reaching their highest level since September 11 on Monday. A recovery in the U.S. Dollar is behind the price action.At 0833 GMT, February Comex Gold futures are trading $1339.10, down $1.40 or -0.10%.Supporting gold prices this year has been rising inflationary expectations

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Supply/Demand Picture Supportive

    U.S. West Texas Intermediate and internationally-favored Brent crude oil futures are hovering near levels not seen since 2014 early Tuesday. Prices are being underpinned by OPEC-led production cuts and strong demand due to strong growth in the global economy.At 0800 GMT, March WTI crude oil futures are trading $64.38, down

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 16, 2018

    The USDCAD pair continues to trade in a weak manner but the traders would be well advised to see if there is a bounce in the pair for the short term. There is a growing feeling among the traders that the weakness in the dollar that is seen across the

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  • Yaron Mazor
    Yaron Mazor

    Daily Market Forecast, January 16, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    The Pound remains near important highs as U.K inflation data is anticipated. Gold has also been consolidated.EUR/USD: Euro Still in Upper Tier ValueThe Euro maintained its upper tier value on Monday and has been stable early this morning. The currency is near 1.2260 against the U.S Dollar and has not

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 16, 2018

    GoldThe gold prices rallied a bit during the Monday’s session but faced resistance to go forward due to thin volume on account of US market closure. Pullbacks in this market offer significant value as the US dollar is underperforming significantly against most of the currency. The $1325 level is going

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  • Colin First
    Colin First

    DAX Index Daily Fundamental Forecast – January 16, 2018

    The DAX index continues to consolidate over the last 24 hours and this is set to continue in the short term. Ideally, we believe that the index should be under the control of the bears due to the fact that the euro has been going up, driven by some fundamental

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 16/01/18

    Bitcoin Cash in the Red with the PackBitcoin Cash failed to make a move on Monday and has ultimately paid the price, with Bitcoin Cash down 5.82% to $2,246.1 at the time of writing, sitting well below a weekend high $2,884.Sentiment across the cryptomarkets has turned sour and investors will

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – BTC Prices Fall on South Korea Fears

    The bitcoin prices have been correcting lower and we had mentioned as such in our forecasts over the last few days. The market seems to be a bit spooked with the news from South Korea where we seem to be getting different news on different days making it difficult for

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  • Colin First
    Colin First

    GBP/USD Daily Fundamental Forecast – January 16, 2018

    The pound had a slightly bullish day yesterday as the combination of a lack of fundamental drivers in the market and the bank holiday in the US seemed to have lulled the pound bulls into a sense of complacency. This could be one of the reasons why the pair has

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  • Colin First
    Colin First

    EUR/USD Daily Fundamental Forecast – January 16, 2018

    The EURUSD pair continues to trade in a very strong manner over the last 24 hours as the pair broke through the 1.22 region again and made a beeline to the 1.23 region. It has not managed to break through this region so far but it appears only to be

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  • James Hyerczyk
    James Hyerczyk

    S&P 500; US Indexes Fundamental Daily Forecast – S&P 500 Profits May Have Jumped 11.2 Percent Last Quarter

    The major U.S. cash indexes were closed on Monday due to the Martin Luther King, Jr. holiday. It was also a bank holiday. The electronic futures market was open, but closed early.The markets are going to open Tuesday’s session were they left off on Friday. In the cash market, the

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  • David Becker
    David Becker

    Crude Oil Price Analysis for January 16, 2018

    Crude oil prices continued to rise, testing the highs made last week as an increase in rig count that brought the Baker Hughes active rig count up by 10, failed to dampen sentiment.  Production in the U.S. declined this past week, but expectations are for higher volumes in 2018.  The

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  • David Becker
    David Becker

    EUR/USD Daily Technical Analysis for January 16, 2018

     The EUR/USD moved higher as Eurozone exports widened and European yields continued to outpace U.S. yields. Softer than business inventories and moderate inflation has allowed the Euro to climb to a 3-year high versus the greenback.TechnicalsThe EUR/USD continued to break out pushing to a fresh 3-month high and poised to

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  • Yaron Mazor
    Yaron Mazor

    Bitcoin Trading Remains in Consolidated Range

    Kraken Bitcoin Exchange has relaunched after a shutdown last week for a software upgrade.Government Whispers Curbing Euphoria, SEC, and ICO ConcernsNews continues to circulate regarding efforts by the South Korean government to ban cryptocurrency exchanges, but no final decisions have yet been formally announced. And whispers have grown the Security

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Daily Forecast – Appetite for Risk Driving Rally

    The Australian and New Zealand Dollars continue to rally on Monday in reaction to a weaker U.S. Dollar, increased appetite for risk and rising bets their respective central banks will soon join other major central banks in tightening monetary policy.At 1108 GMT, the AUD/USD is trading .7954, up 0.0042 or

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Daily Forecast – Selling to Continue Until Japanese Officials Speak Up

    The Dollar/Yen continues to plunge early Monday after taking out with conviction a key long-term 50% level at 111.020 and a main bottom at 110.836. The downside momentum created by the selling pressure has put the Forex pair in a position to challenge the long-term Fibonacci level at 110.145. This

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Bullish Over $2.989, Bearish Under $2.902

    Natural gas futures are trading lower early Monday. Sellers came in shortly after the opening to drive prices below Friday’s low. There was no follow-through to the upside after Friday’s strong rally. This suggests investors may have already moved on from last week’s government report that showed the largest draw

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Weak Dollar Driven Rally Likely to Lead to Test of $1365.80

    Gold futures popped to their highest level since September 11 early Monday, underpinned by continuing weakness in the U.S. Dollar. The Greenback tumbled to a three-year low earlier today, driving up demand for the dollar-denominated commodity.At 0853 GMT, February Comex Gold futures are trading $1342.60, up $7.70 or +0.57%.Daily February

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Jump in Rig Count, U.S. Production – Key Market Drivers This Week

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading slightly better early Monday in a lackluster trade. It’s a bank holiday in the U.S. which may mean today will be a low volume session.At 0824 GMT, March WTI crude oil is trading $64.40, up $0.17 or +0.25%

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  • Yaron Mazor
    Yaron Mazor

    Daily Market Forecast, January 15, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    Gold and U.S Crude Oil have also gained in the broad bullish market moves.EUR/USD: Euro within Long-Term Highs        The Euro has started this week above the 1.22 level against the U.S Dollar. The European currency is near important long-term highs and traders may be tempted to look for reversals in

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.2233
-0.0033
-0.27%
GBPUSD
GBP/USD
1.3777
-0.0016
-0.12%
XAUUSD
Gold
1334.9
-6.3600
-0.47%
CL
Crude Oil
64.385
-0.3250
-0.5%
SPX
S&P 500
2802.0
+8.2500
+0.3%
DAX
DAX 30
13262.0
+46.500
+0.35%
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