Forecasts & Analysis | Fundamental

We had mentioned in our forecast yesterday that the bitcoin prices are likely to fall further on fundamental and technical factors and this is what we saw for the first half of the day yesterday. But this was soon followed by  a recovery in the prices which has since pushed the prices steadily higher on … Continue reading Bitcoin Price Forecast – Focus on the Dollar

Gold Gold prices spent the day in a form of consolidation which should come as a surprise to the bulls who would have expected the prices to move up very strongly on the back of some dollar weakness that we have been seeing over the last 24 hours. We have also seen the stock markets … Continue reading Commodities Daily Forecast – June 28, 2017

GBP/USD: Pound Continues to Gain Bank of England Governor Mark Carney said the U.K central bank is prepared for all scenarios regarding Brexit ramifications yesterday. The Pound gained against the U.S Dollar and has traversed above the 1.28 mark. Mark Carney will be speaking again today in Portugal. The Pound has done well early this … Continue reading Daily Market Forecast, June 28, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

EUR/USD The pair shot up higher and showed a bullish trend. Going forward, traders can expect the market to go higher. Due to the ECB President Draghi’s speech on monetary policy coupled with the central bank’s events in the United States, the dollar fell and caused the Euro to rise higher in the last 24 … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 28, 2017

The major U.S. stock indexes finished lower on Tuesday as investors reacted to weakness in the tech sector and the news that the Republicans postponed the vote on healthcare reform until after the July 4 recess. In the cash market, the benchmark S&P 500 Index closed at 2419.38, down 19.69 or -0.81%. The blue chip … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Downside Momentum is Building

The Dollar/Yen closed higher on Tuesday with the rally fueled by talk of higher interest rate in the Euro Zone and the United States. The USD/JPY settled at 112.341, up 0.484 or +0.43%. Tuesday’s rally was triggered initially by hawkish comments from European Central Bank President Mario Draghi. It was further supported later in the … Continue reading USD/JPY Fundamental Daily Forecast – Favorable Interest Rate Differential Providing Support

The DAX index fell through yesterday on the back of weak stock markets all around the world and also due to the general risk off mode in the markets which led to a sell off in the stock markets. Though the ECB struck a very positive note on the Eurozone economy, this wasnt enough for … Continue reading DAX Index Daily Fundamental Forecast – June 28, 2017

The USDCAD pair finally broke through the 1.32 support region during the course of the last 24 hours on the back of strength from the CAD and weakness in the USD which was seen all across the board. This now sets the stage for the pair to move towards the 1.31 region and then further … Continue reading USD/CAD Daily Fundamental Forecast – June 28, 2017

The Australian and New Zealand Dollars posted a volatile, two-sided trade on Tuesday before settling lower. Hawkish comments from European Central Bank President Mario Draghi suggested the ECB may begin lifting stimulus and raise interest rates. Hawkish comments from Philadelphia Fed President Patrick Harker also helped underpin the U.S. Dollar. The reason this news is … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Pressured by Monetary Policy Divergence

The GBPUSD pair had moved steadily higher, helped by the rise in the Euro and also helped by the fact that there has not been anything adverse happening in the UK over the past 24 hours. For a country that has been witnessing a lot of political and economic turmoil, it should indeed be considered … Continue reading GBP/USD Daily Fundamental Forecast – June 28, 2017

The EURUSD pair ripped higher on hawkish comments from Draghi and also a combination of events in the US which has caused the dollar to fall across the board during the course of the last 24 hours. The pair has risen by over 160 pips over the last 24 hours and finally, all the bullishness … Continue reading EUR/USD Daily Fundamental Forecast – June 28, 2017

Gold prices finished marginally higher in limited trading as investors sat on the sidelines after Monday’s steep sell-off and yesterday’s volatile Forex trade. Mixed news probably led to the low volume and tight range. August Comex gold finished the session at $1246.90, up $0.50 or +0.04%. The U.S. Dollar Index plunged on Tuesday, however, this … Continue reading Price of Gold Fundamental Daily Forecast – Rising Treasury Yields Will Cap Gold Prices

Profit-taking and quarterly position-squaring helped crude oil prices surge nearly 2 percent on Tuesday. Most of the price action was driven by short-covering with some by aggressive counter-trend buyers playing for a bullish U.S. Energy Information Administration (EIA) inventories report on Wednesday. August West Texas Intermediate crude oil futures settled at $44.24, up $0.86 or … Continue reading Oil Price Fundamental Daily Forecast – Lower After API Report Shows Surprise Build

Natural gas futures posted another higher-high on the daily chart on Tuesday as the market rapidly advanced toward a pair of tops at $3.102 and $3.127. These prices are very important because they may be the trigger points for an acceleration to the upside. August natural gas futures settled at $3.064, up $0.015 or +0.49%. … Continue reading Natural Gas Price Fundamental Daily Forecast – Weather Related Move May Have Run Its Course

Oil prices moved higher on Tuesday for the 4th consecutive trading session as prices bounced ahead of Wednesday inventory report from the Department of Energy.  The long liquidation that ensued over the prior 2-weeks reduced long position by hedge funds, helping the markets gain neutrality.  Now that hedge funds are out of the market on … Continue reading Oil Price Analysis for June 28, 2017

After trading relatively flat most of the session, the blue chip Dow Jones Industrial Average and benchmark S&P 500 Index are finally rolling over to the downside in response to comments from Fed Chair Janet Yellen and the news that Senate Republicans will delay the vote on the health-care bill until after the Fourth of … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Stocks Tumble as Republicans Delay Health Care Reform Vote

The EUR/USD surged higher breaking out following comments from the ECB Draghi which hinted at policy adjustment, but pledges caution. Draghi’s comments seem to be the clearest indication from the central bank head yet, that the ECB is heading for a shift in policy parameters. Like at the last council meeting, Draghi sounded more upbeat … Continue reading EUR/USD Daily Technical Analysis for June 28, 2017

The USD/JPY is surging to the upside on Tuesday in the wake of a hawkish speech by European Central Bank President Mario Draghi and hawkish commentary from Federal Market Open Committee Member Patrick Harker. Traders are now awaiting a speech by U.S. Federal Reserve Chair Janet Yellen and a subsequent question and answer session. The … Continue reading USD/JPY Fundamental Daily Forecast – Size of Dollar’s Rally Will Be Determined by Yellen’s Tone

In a volatile trading session, the Australian and New Zealand Dollars are trading mixed against the U.S. Dollar, but intraday momentum suggests they are both headed lower into today’s session close. The NZD/USD started the session steady following a government report that showed New Zealand’s trade surplus narrowed more than expected in May. According to … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Look for Yellen to Reiterate Fed Rate Hike Plans

After a rather sizeable correction from the Friday Bitstamp daily high of $2,741, bitcoin has entered a downward trading range. Volume has increased, but this is unfortunately mostly due to panic selling with buying volume unable to keep up. The recent push failed to breach the Gann 8/1 diagonal line. The plunge we are experiencing now has broken down below the 4/1 line once, but is … Continue reading Tether Bitcoin Price Analysis, June 27th Weekly Recap