Forecasts & Analysis | Fundamental

The USDCAD pair continues to move within specific price action, mostly based on the lines that we had set out. After correcting lower on the back of some decent CPI data from Canada, the pair has been moving in a consolidation phase since this morning. This is expected to continue though the downtrend in the … Continue reading USD/CAD Daily Fundamental Forecast – August 21, 2017

U.S. equity futures markets are trading sideways to lower early Monday. Last week, investors decided to aggressively book profits in reaction to the end of earnings season and political events in Washington and geopolitical events in Barcelona. The price action suggests there is more downside potential. Some traders are saying the thin volume is responsible … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Volatility is Here to Stay

Gold The gold market tested the important $1300 level but retracted from that level on Friday’s session. The market has always followed a consolidation after hitting the $1300 mark in last several months. If the gold breaks below the $1285 level, then markets will go much lower and is going to test the $1275 and … Continue reading Commodities Daily Forecast – August 21, 2017

EUR/USD The market is still on a consolidation mode, slightly rallied on Friday’s trade session without any major movements. The pair has tested the key support level of 1.17 couple of times and has successfully retained the level in past couple of session. The hammer candle stick pattern from the lower level indicating an uptrend. The … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – August 21, 2017

The Australian and New Zealand Dollars are trading nearly flat early Monday. Volume is below average as well as volatility. There are no major economic reports from Australia and New Zealand today so investors are searching for a catalyst. Last week, investors had the opportunity to react to central bank activity, economic reports, political and … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Tech Traders May Determine Direction This Week

The Dollar/Yen is inching higher early Monday on low volume and volatility. The economic schedule is light so the market is likely to react to any political or geopolitical event. Last week, the dollar weakened as investors reduced confidence in President Trump’s ability to pass tax reform and stimulus measures. Investors are also looking ahead … Continue reading USD/JPY Fundamental Daily Forecast – Traders Looking for a Catalyst

Gold prices are trading nearly flat early Monday after last week’s volatile sessions. Friday’s action in particular should be noted. Buyers attacked the upside aggressively, but sellers stopped the move slightly below a key top at $1307.00. Taking out this level could have triggered an acceleration to the upside. The selling was strong enough to … Continue reading Price of Gold Fundamental Daily Forecast – Direction Determined by Investor Sentiment

The DAX index rose higher on Friday as the global risks and uncertainties generally seemed to wear off during the course of the day and this helped the stock markets to recover and post a strong performance for the day. The markets had been hit hard over the last couple of weeks due to the … Continue reading DAX Index Daily Fundamental Forecast – August 21, 2017

U.S. West Texas Intermediate and international-benchmark crude oil futures are trading flat early Monday. There has been no follow-through to the upside after Friday’s strong rally, which suggests the move may have been fueled by short-covering rather than aggressive buying. At 0417 GMT, October WTI crude oil futures are trading $48.67, up $0.01 or +0.02% … Continue reading Oil Price Fundamental Daily Forecast – Rebalance May Be Under Way

With the bitcoin prices unable to break through the $4500 region, it was time for some correction in the prices as it fell by around 10% and the prices now trade just above the $4000 region as of this writing and this region is likely to provide some good support in the short term. We … Continue reading Bitcoin and Ethereum Price Forecast – Prices Correct But Look Solid

Natural gas futures are trading slightly higher early Monday. The market is trading inside Friday’s range which typically suggests investor indecision and impending volatility. The market is also trading between a pair of technical retracement zones which are currently keeping a lid on prices as well as providing support. At 0327 GMT, October Natural Gas … Continue reading Natural Gas Price Fundamental Daily Forecast – European Weather Model Calling for Higher Temperatures

The GBPUSD pair briefly threatened to break through the storng support region around 1.2860 as it went as low as 1.2830 on Friday but once again, it was met with a lot of buying which helped to push it back above the support region and we now find it trading comfortably above that region as … Continue reading GBP/USD Daily Fundamental Forecast – August 21, 2017

The EURUSD pair continued to consolidate and trade within a tight range on Friday as there were not many fundamental drivers to drive the prices in any specific direction. The pair has been trading on either side of 1.17 for the whole of last week and it has not yet shown any inclination to move … Continue reading EUR/USD Daily Fundamental Forecast – August 21, 2017

The major U.S. stock index futures closed lower for a second week in a row as a pall of nervousness was cast over the markets in response to political drama in the Whitehouse and geopolitical events in Barcelona. In the cash markets, the benchmark S&P 500 Index settled at 2425.55, down 0.60%. For the year, … Continue reading S&P 500; US Indexes Fundamental Weekly Forecast – Volatility Has Returned; Markets Look Fragile

The New Zealand Dollar posted a two-sided trade, erasing most of its earlier losses before finishing only slightly lower for the week. The economic news from New Zealand was positive. Quarterly Retail Sales were up 2.0% and Core Retail Sales grew 2.1%. Quarterly PPI Input was up 1.4%. Quarterly PPI Output was up 1.3%. Both … Continue reading AUD/USD and NZD/USD Fundamental Weekly Forecast – Focus Will Be On Central Bank Speakers at Jackson Hole

The Dollar/Yen finished higher for the week, but the price action was tumultuous. The price action was mostly dictated by the direction of U.S. Treasury yields which were all over the map last week due to the news events and the economic data. The USD/JPY settled at 109.192, up 0.039 or +0.04%. Risk-on and Risk-off … Continue reading USD/JPY Fundamental Weekly Forecast – Yellen, Draghi Speeches on Friday Important to U.S. Dollar

Let’s cut to the case instead of analyzing every event that took place last week that drove the price action in the gold market. Gold is following the U.S. Treasury yields. Period. If Treasury yields fall, gold goes up and if Treasury yields rise, gold goes down. December Comex Gold closed last week at $1291.60, … Continue reading Price of Gold Fundamental Weekly Forecast – Central Banker Comments at Jackson Hole Could Set the Tone

U.S. West Texas Intermediate and internationally-favored Brent crude oil futures closed mixed last week. WTI futures finished lower, reflecting concerns about high U.S. production. Brent closed higher indicating that OPEC’s plan to trim production may be working. October WTI Crude Oil closed at $48.66, down $0.31 or 0.63% and November Brent crude oil finished the … Continue reading Oil Price Fundamental Weekly Forecast – Traders Worried About Bearish Chinese Demand, Rising U.S. Production

The DAX index managed to stay afloat during the course of the last week despite the global increase in risk and tension. While the markets had taken a hit in the week before last, due to the escalation of tension between the US and North Korea, it was the terrorist attack in Spain which had … Continue reading DAX Index Fundamental Analysis – week of August 21, 2017

Natural gas futures reached their high for the week on Monday, August 14 with prices dropping more than one-percent on profit-taking after a strong two-week rally. The closing price reversal on the daily chart set-up a three-day break. The rally drove the market to its highest level since July 21, but buyers couldn’t sustain the … Continue reading Natural Gas Price Fundamental Weekly Forecast – Over $2.921 Bullish, Under $2.892 Bearish