Forecasts & Analysis | Fundamental, Page

The evidence is in and we have to conclude that gold isn’t breaking sharply because the U.S. Dollar is not that strong. Therefore, demand for dollar-denominated gold should not be dropping as one may think. The data clearly shows that as a gold trader, you shouldn’t be worried about the

The OPEC cuts are not about turning crude oil into a raging bull market, but rather to drive prices into a balance area. Currently, both WTI and especially Brent crude oil are within striking distances of that area.

Traders are watching the current weather patterns because they be following the patterns from last year, where extremely cold temperatures hit the markets in late March and early April. Bullish traders may increase bets on this pattern repeating. Bearish traders are betting that last year’s pattern will not repeat.

A mixed start to the day across the majors could test investor resilience later in the day.

It’s a mixed start to the majors, with the bulls in need of a weekend rally to get out of the current rut that’s ping the majors back of late.

Soft economic data and lower yields give stocks a lift

Cold weather buoys Natural gas

Soft US and Chinese Data is Helping to Buoy Gold Prices

Bitcoin and other major crypto coins have managed to retain positive action across the week and range bound action is likely to continue across the day.

Higher oil prices and hopes for a US-Chinese trade deal keeps the pair range bound.

The market showed a muted response to the EIA numbers, but today’s price action suggests a slight reaction to expectations of strong demand this weekend through the middle of next week. However, gains are likely to be limited by reports of a milder trend coming in late next week through

DAX to open subdued on cues from international markets but outcome at end of the day is likely to be decided by headlines driven momentum.

Macro data updates eyes for directional cues as USD price dynaimcs controls price action.

GoldThe weak economic numbers from the US has helped gold market to turn around and rally a bit. The 20 Day EMA underneath and a major uptrend line which is running down just below is offering strong support to the market. Going forward, the market will find enough buyers around

A series of U.S. reports could move gold prices on Friday. Weak numbers will increase the odds of a pause in Fed rate hikes. This would likely put pressure on the dollar while make dollar-denominated gold a more attractive investment.

The script for WTI and Brent crude prices is expected to remain the same on Friday. OPEC-led production cuts and Venezuelan sanctions are expected to underpin prices while concerns over rising U.S. production and slowing demand will limit gains.

Tightening German-US yield spreads and weak USD leads to consolidative price action.

The bulls are looking to reverse the mid-week losses ahead of the weekend, a hold onto key levels needed to support upward momentum later.

Soft Guidance from Coca-Cola Weighs on the Dow

Cryptocurrency market shows signs of exhaustion in ongoing rally as news-driven momentum fails to sustain price action above critical price levels.