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David Becker
6 hours ago

Crude Oil Price Analysis for April 28, 2017

Oil prices traded under pressure on Thursday despite Wednesday’s surprise draw reported by the Energy Information Administration.  Libya’s production is coming back on line which weighed on prices, as the bullish case for oil continues to ease.  OPEC is likely to begin to jawbone if prices fall below the $48 handle. Technicals Prices whipsawed sharply … Continue reading Crude Oil Price Analysis for April 28, 2017

David Becker
6 hours ago

EUR/USD Daily Technical Analysis for April 28, 2017

The EUR/USD consolidated on Thursday following the ECB meeting were rates were kept unchanged as expected. Mario Draghi kept a dovish tone, but has left the door open for a change to QE at the June meeting. Inflation in both Germany and Spain was stronger than expected, while confidence rose showing sentiment is positive in … Continue reading EUR/USD Daily Technical Analysis for April 28, 2017

Colin First
15 hours ago

EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 27, 2017

EUR/USD The pair had a choppy day of trading as it was on the charge during the beginning of the day as there were concerns and rumors on what the new tax plan from Trump would be. Once the new tax plan became clear, the dollar gained strength across the board and this pushed the pair … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 27, 2017

FX Empire
17 hours ago

Commodities Daily Forecast – April 27, 2017

Gold Gold futures weakened on Wednesday, but technical factors helped stop the price slide. Profit-taking and short-covering also contributed to the late session rebound. A reversal to the downside by U.S. equity markets after the release of President Trump’s disappointing tax plan also sent investors back into gold. We could see a short-covering rally over … Continue reading Commodities Daily Forecast – April 27, 2017

James Hyerczyk
18 hours ago

S&P 500; US Indexes Fundamental Forecast – April 27, 2017

U.S. stocks rose early in the session on Wednesday, but investors couldn’t hold onto the gains after the release of a largely disappointing tax reform plan from President Trump. Better-than-expected earnings reports gave the major indexes a boost shortly after the opening, but then prices retreated after Trump’s tax plan failed to reveal anything new. … Continue reading S&P 500; US Indexes Fundamental Forecast – April 27, 2017

Colin First
19 hours ago

USD/CAD Daily Fundamental Forecast – April 27, 2017

The USDCAD pair has assumed a very volatile stance over the last few days as the news from the US seems to be coming in thick and fast with twists and turns almost on a daily basis and all this news seems to be affecting the CAD directly. In this mix, we have the weak … Continue reading USD/CAD Daily Fundamental Forecast – April 27, 2017

James Hyerczyk
19 hours ago

Price of Gold – Fundamental Forecast, April 27, 2017

Gold futures weakened on Wednesday, but technical factors helped stop the price slide. Profit-taking and short-covering also contributed to the late session rebound. A reversal to the downside by U.S. equity markets after the release of President Trump’s disappointing tax plan also sent investors back into gold. June Comex Gold futures finished the session at … Continue reading Price of Gold – Fundamental Forecast, April 27, 2017

Colin First
19 hours ago

DAX Index Daily Fundamental Forecast – April 27, 2017

As we had mentioned in our forecast yesterday, it is a time for consolidation and ranging in the DAX index as the stock market look for direction as we near the end of the month. Yesterday, the index started cautiously as there were rumors about what the new tax plan, that was expected to be … Continue reading DAX Index Daily Fundamental Forecast – April 27, 2017

James Hyerczyk
19 hours ago

Natural Gas Fundamental Analysis, April 27, 2017

Technical and fundamental factors helped drive natural gas futures sharply higher on Wednesday. Prices surged from nearly a one-month low on scarce selling pressure and reports of cooler temperatures approaching several key demand areas. June Natural Gas closed at $3.271, up $0.106 or +3.35%. Technically, investors came in strong on Wednesday after posting a potentially … Continue reading Natural Gas Fundamental Analysis, April 27, 2017

James Hyerczyk
20 hours ago

Oil Fundamental Forecast – April 27, 2017

Crude oil futures finished mixed on Wednesday as investors reacted to a surprise draw in U.S. inventories, but remained concerned over the global supply glut. U.S. June West Texas Intermediate crude oil futures finished the session slightly higher at $49.62, up $0.06 or +0.12%. Internationally-favored July Brent crude oil closed at $52.41, down $0.16 or … Continue reading Oil Fundamental Forecast – April 27, 2017

James Hyerczyk
21 hours ago

AUD/USD and NZD/USD Fundamental Forecast – April 27, 2017

The Australian Dollar was under pressure on Wednesday as investors failed to react to increased demand for higher-yielding assets, but continued to be driven by disappointing Australian inflation data. The AUD/USD finished the session at .7473, down 0.0061 or -0.82%. Early Wednesday, the Australian consumer inflation report triggered a steep sell-off after it showed price … Continue reading AUD/USD and NZD/USD Fundamental Forecast – April 27, 2017

Colin First
21 hours ago

GBP/USD Daily Fundamental Forecast – April 27, 2017

The GBPUSD pair has made steady progress over the last 24 hours but still it is within the range highs in the 1.29 region that was established a few days back. Until this range high is broken, the traders are still open to the risk of the pair correcting back into the 1.26 region in … Continue reading GBP/USD Daily Fundamental Forecast – April 27, 2017

Colin First
21 hours ago

EUR/USD Daily Fundamental Forecast – April 27, 2017

The EURUSD pair was on the backfoot during the early part of the day as rumors began to go through the markets about the new tax plan that Trump was likely to unveil during the course of the week. The tax cuts were expected to be massive and the dollar rose in anticipation of that … Continue reading EUR/USD Daily Fundamental Forecast – April 27, 2017

James Hyerczyk
21 hours ago

USD/JPY Fundamental Forecast – April 27, 2017

The Dollar/Yen rallied to its highest level since March 31 on Wednesday, taking out the last main top at 111.576 in the process. However, profit-taking and position-squaring ahead of today’s Bank of Japan monetary policy meeting and a series of decisions, pressured the Forex pair into the close. Tuesday’s rally to 111.777 also fell short … Continue reading USD/JPY Fundamental Forecast – April 27, 2017

David Becker
yesterday

EUR/USD Daily Technical Analysis for April 27, 2017

The EUR/USD moved lower declining down to 1.0855, and finishing the NY session off its lows at 1.0897.  The exchange rate is trading close to former resistance near the March highs at 1.0906.  President Trump released his tax plan, at a press conference attended by Gary Cone the Budget Director and Treasury Secretary Mnuchin. Technicals … Continue reading EUR/USD Daily Technical Analysis for April 27, 2017

David Becker
yesterday

Crude Oil Price Analysis for April 27, 2017

Crude oil prices whipsawed on Wednesday, first dropping and then climbing, following the larger than expected draw in crude oil inventories and the larger than expected build in heating oil, and gasoline inventories reported by the Department of Energy. Prices continue to form a head and shoulder reversal pattern, and a break of the neckline … Continue reading Crude Oil Price Analysis for April 27, 2017

Tomasz Wiśniewski
yesterday

Time to Take Profits

It looks like the market has finally decided to correct those huge movements that we found out on the charts after the weekend. EUR is going down and indexes are also red. It is absolutely normal and it is a bit too early to say that the optimism is gone entirely. Gold after few days … Continue reading Time to Take Profits

James Hyerczyk
2 days ago

S&P 500; US Indexes Fundamental Forecast – April 26, 2017

The early price action suggests investors should get ready for a choppy opening on Wednesday. There was no major news overnight and the situation in North Korea appears to be easing due to diplomatic activity, but we still didn’t any evidence of solid “risk-on’ buying like we’ve seen going into the regular session openings since … Continue reading S&P 500; US Indexes Fundamental Forecast – April 26, 2017

Colin First
2 days ago

EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 26, 2017

EUR/USD The pair has been moving higher and higher on the back of general risk on tendency in the markets that has been seen since the beginning of the week after the French elections showed that the business and euro friendly Macron had won the election and looks poised to win the run off on … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 26, 2017

FX Empire
2 days ago

Commodities Daily Forecast – April 26, 2017

Gold Gold futures continue to feel the pressure from increased demand for higher-yielding assets. Then weaker U.S. Dollar doesn’t seem to be influencing the price action either. Although some investors believe the threats from North Korea are still underpinning the market, the story seems to have taken a backseat this week. Traders may be focusing … Continue reading Commodities Daily Forecast – April 26, 2017

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