Forecasts & Analysis | Fundamental, Page

  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Slip Following Inventory Build

    Natural gas prices edged lower on Friday, following Thursday’s larger than expected build in natural gas inventories.  The EIA reported at 91 Bcf build compared to expectations that inventories would rise 85 Bcf. Warmer than normal weather is forecast to cover most of the United States for the next 8-14

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Consolidates After Dropping to New Range

    Gold prices consolidated after rebounded late on Thursday, as the dollar gave up some of its gains at the tail end of the week.  Stronger than expected Eurozone PMI data helped the euro gain ground paving the way for higher gold prices. Canadian CPI grew in line with expectations, notching

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  • Colin First
    Colin First

    Commodities Daily Forecast – June 22, 2018

    GoldThe gold prices continue to trade weak reaching towards the $1260 level in yesterday’s session. It is likely that the market will likely to test the $1250 level underneath before resuming its upward movements. Strong US Dollar will continue to keep the gold prices under pressure and a break above

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  • Colin First
    Colin First

    USD/CAD Price Forecast – USD/CAD Finds Support above 1.325 Handle as US Greenback Slows Down

    The selling pressure seen on the USD/CAD pair seems to have weakened in the last hour as investors approach the commodity-sensitive loonie cautiously ahead of the critical OPEC summit Vienna. Despite major global currencies seeing some corrective price action as US greenback momentum slows down, the USDCAD pair has managed

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  • Colin First
    Colin First

    GBP/USD Price Forecast – British Pound on Sharp Uptrend Streak over Hawkish BOE Statement

    The British pound rallied significantly during the day on Thursday, reaching above the 1.32 level comfortably, and testing the 1.3250 level in reaction to the statement of the Bank of England being a bit more hawkish than originally anticipated. GBP/USD had a 160-pip bull breakout in European market hours on

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Position-Squaring Ahead of OPEC Meeting Boosting Prices

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher shortly before the regular session opening on Friday. Traders are saying that short-covering and position-squaring is driving the price action, heading into today’s OPEC meeting in Vienna later in the day, after almost a month of selling

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 22/06/18

    Bitcoin Cash Sees More RedBitcoin Cash fell by 2.17% on Thursday, following Wednesday’s 1.79% loss, to end the day at $873.2.A positive start to the day saw Bitcoin Cash move through to an intraday high $908.2 in the early hours, falling short of the first major resistance level at $912.93,

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Investors Finally Showing Some Reaction to Geopolitical Events

    Gold futures are actually showing signs of life after hitting their lowest level since December 13 on Thursday. The price action actually suggests the first real reaction to geopolitical tensions in weeks.Helping to trigger the short-covering rally in gold was the massive sell-off in the U.S. Dollar, which tumbled from

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Strengthens Over $2.985, Weakens Under $2.967

    Natural gas futures posted a volatile, two-sided trade on Thursday as investors reacted to weather reports and fresh data from the government on supply, before settling only slightly better.On Thursday, the U.S. Energy Information Administration reported that domestic supplies of natural gas rose by 91 billion cubic feet (Bcf) for

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Daily Forecast – Safe-Haven Demand Pressuring Dollar/Yen

    Safe-haven demand drove the Dollar/Yen lower on Thursday as investors reacted to a steep sell-off in U.S. equity markets and a drop in U.S. Treasury yields. The catalysts behind the moves were increased worries over the trade conflict between the US and China, and weaker-than-expected U.S. manufacturing data.On Friday, these

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  • Colin First
    Colin First

    EUR/USD Price Forecast – EUR/USD Holds Fort at 1.16 Ahead of Euro Zone PMI

    The Euro is shifting towards the week’s highs as the Dollar takes a breather. The EUR/USD is trading close to Thursday’s close heading into Friday’s European market session, which brings a dose of mid-tier PMI figures due early to kick off the week’s end. The Euro managed to reverse the

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Daily Forecast – Falling U.S. Treasury Yields Underpinning Aussie, Kiwi

    The Australian and New Zealand Dollars posted strong rebound rallies on Thursday after a broad-based sell-off by the U.S. Dollar. The greenback was pressured after escalating trade tensions drove investors into the safety of U.S. Treasurys. This drove down yields, making the U.S. Dollar a less attractive investment.Aussie and Kiwi

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  • Colin First
    Colin First

    DAX Index Forecast – DAX Continues to Push Lower

    The DAX index risks further fall in the coming days as the index lost touch with the 12500 region over the last 24 hours and the global stock indices also seem to be in a free fall during this period as the fears of a trade war breaking out seem

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – BTC Prices Consolidate

    The BTC prices are under a bit of pressure over the last 24 hours though there has not been any major fundamental developments to affect the prices as yet. We are seeing increasing signs that the banks in India might withdraw support to any kind of crypto trading and that

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  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Whipsaw Despite Larger than Expected Inventory Build

    Natural gas prices whipsawed but eventually moved higher as a larger than expected build in natural gas inventories was offset by warmer than normal weather which is forecast to cover most of the United States over the next 8-14 days.  Prices surged higher testing resistance near the June highs at

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Rebounds as Fast Stochastic Generates Buy Signal

    Gold prices rebounded from session lows closing up slightly on the session, after hitting a fresh 6-month low. The risk of a global trade war helped buoy gold prices. Target support on the yellow metal is seen near the December 2017 lows at 1,236. Resistance is seen near the 10-day

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 21/06/18

    Bitcoin Cash in ReverseBitcoin Cash slipped by 1.79% on Wednesday, partially reversing Tuesday’s 2.35% gain, to end the day at $891.1.An intraday low $861.4 came in the early afternoon after a start of the day slide to $862 levels, with Bitcoin Cash sliding through the first major support level at

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  • Colin First
    Colin First

    USD/CAD Price Forecast – USD/CAD Hits 2018 High on Strong US Greenback

    The USD/CAD pair held on to its mildly positive tone near fresh one-year highs, albeit seemed lacking any strong follow-through buying interest, however price action remains supportive of positive momentum in US dollar’s favor. US Dollar Index is trading near one-year’s high in the 95.00 area, as the currency pair

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  • Colin First
    Colin First

    Commodities Daily Forecast – June 21, 2018

    GoldThe gold prices were mostly stable during the Wednesday’s session hovering around the $1275 level. The market has fallen hard in the last couple of session and is likely to continue weak until it gains significant momentum to continue higher. The $1285 and $1290 level continues to offer strong resistance

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  • Colin First
    Colin First

    DAX Index Forecast – DAX Consolidates Near Lows

    The DAX is back to the lows of its range over the last couple of days after a brief bullish trip above the 13000 region over the last week or so. That move had inspired hopes that the bulls would be in control of the index going forward and help

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SymbolLast PriceChange
EURUSD
EUR/USD
1.1649
+0.0044
+0.38%
GBPUSD
GBP/USD
1.3253
+0.0007
+0.05%
XAUUSD
Gold
1268.7
+1.6900
+0.13%
CL
Crude Oil
68.585
+2.7650
+4.2%
SPX
S&P 500
2764.5
+12.000
+0.44%
DAX
DAX 30
12575.7
+77.750
+0.62%
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