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James Hyerczyk
10 hours ago

US Dollar Index (DX) Futures Technical Analysis – January 24, 2017 Forecast

March U.S. Dollar Index futures are trading higher shortly before the regular session opening. The market traded slightly lower shortly after the opening but then mounted a rebound rally strong enough to put it in a position to post a potentially bullish closing price reversal bottom. We won’t know for sure until the close. Technical … Continue reading US Dollar Index (DX) Futures Technical Analysis – January 24, 2017 Forecast

James Hyerczyk
15 hours ago

S&P 500; US Indexes Fundamental Forecast – January 24, 2017

The three major stock indices closed lower on Monday as investors took their time to digest the details of President Trump’s executive order for the U.S. to withdraw from the Trans-Pacific-Partnership, his warning of a border tax and the renegotiation of NAFTA. Traders also continued to anxiously await the details of his economic policies. In … Continue reading S&P 500; US Indexes Fundamental Forecast – January 24, 2017

Colin First
17 hours ago

DAX Daily Fundamental Forecast – January 24, 2017

The DAX traded within a tight range yesterday as the markets all over the world consolidated with no specific direction as they wait for some push from somewhere to move them this way or that. We had mentioned this in our forecast yesterday as well that though the DAX continue to trade strongly, there is … Continue reading DAX Daily Fundamental Forecast – January 24, 2017

Colin First
18 hours ago

USD/CAD Daily Fundamental Forecast – January 24, 2017

As we had mentioned in our forecast yesterday, the USDCAD pair continues to consolidate and trade within a tight range. The statement from the BOC last week that the Canadian economy remains stagnant with not much progress and that it is seriously considering the cutting of interest rates in the coming months has helped to … Continue reading USD/CAD Daily Fundamental Forecast – January 24, 2017

James Hyerczyk
18 hours ago

Oil Fundamental Forecast – January 24, 2017

Crude oil prices were rangebound on Monday with a downside bias. The U.S. West Texas Intermediate crude oil contract and the international Brent crude oil contract posted inside days, which means they traded inside Friday’s range. This typically means trader indecision and impending volatility. The longer they trade in a range, the greater the move … Continue reading Oil Fundamental Forecast – January 24, 2017

Colin First
18 hours ago

GBP/USD Daily Fundamental Forecast – January 24, 2017

It is likely to be a crucial day for the GBPUSD pair as the UK awaits the ruling from its Supreme Court regarding its EU membership and the Brexit process. Over the last 24 hours, we have seen the pair rise in anticipation and we saw the pair close above 1.25 for the day yesterday, … Continue reading GBP/USD Daily Fundamental Forecast – January 24, 2017

Colin First
18 hours ago

EUR/USD Daily Fundamental Forecast – January 24, 2016

The EURUSD pair continues to trade strongly as the dollar weakness continues across the board. When the new year began, everyone expected the dollar strength to return. After all, the dollar had strengthened even when the US elections threw up an unexpected victor in Trump and so it was only natural that after a small … Continue reading EUR/USD Daily Fundamental Forecast – January 24, 2016

James Hyerczyk
19 hours ago

Natural Gas Fundamental Forecast – January 24, 2017

Natural gas futures posted a closing price reversal bottom on the daily chart on Monday with the March Natural Gas futures contract closing at $3.257, up 0.046 or +1.43%. Apparently, traders reacted to a change in the weather forecast and possibly oversold technical factors. According to the new forecast, a cold system is expected to … Continue reading Natural Gas Fundamental Forecast – January 24, 2017

James Hyerczyk
22 hours ago

USD/JPY Fundamental Forecast – January 24, 2017

Greater demand for lower risk assets helped drive the Dollar/Yen lower on Monday. Traders also reacted negatively to Trump’s decision to withdraw from the Trans-Pacific-Partnership as well as negative comments about the U.S. Dollar from Trump’s Treasury Secretary nominee. The overall weakness in the U.S. Dollar was tied to the thought that Trump is taking … Continue reading USD/JPY Fundamental Forecast – January 24, 2017

James Hyerczyk
23 hours ago

AUD/USD and NZD/USD Fundamental Forecast – January 24, 2017

The Australian and New Zealand Dollars showed little reaction to Trump’s decision to withdraw from the Trans-Pacific-Partnership on Monday. Perhaps it was because it was priced into the markets months ago shortly after he won the election, or perhaps investors are indifferent to the decision. The AUD/USD closed at .7583, up 0.0031 or +0.40%. The … Continue reading AUD/USD and NZD/USD Fundamental Forecast – January 24, 2017

James Hyerczyk
23 hours ago

Gold Fundamental Forecast – January 24, 2017

A lower U.S. Dollar and weaker U.S. equities helped underpin gold futures on Monday, driving the precious metal to a two-month high. Traders were also reacting to Trump’s inauguration speech which centered on protectionism. Gold buyers believe that Trump is trying to regain the country’s competitive advantage in world trade by driving down the Greenback. … Continue reading Gold Fundamental Forecast – January 24, 2017

Colin First
2 days ago

DAX Daily Fundamental Forecast – January 23, 2017

The DAX index continues to consolidate near its highs, something which it has been doing over the past week or so. The DAX continues to look strong and its uptrend seems to be intact for now as the corrections have been few and far between and they have been met with some quick buying as … Continue reading DAX Daily Fundamental Forecast – January 23, 2017

Colin First
2 days ago

USD/CAD Daily Fundamental Forecast – January 23, 2017

USDCAD has undergone a bit of a correction over the past couple of days as the dollar weakened across the board. But we believe that the CAD will weaken more than the dollar in the coming weeks and months and this is likely to keep the bulls happy and the uptrend strong in the medium … Continue reading USD/CAD Daily Fundamental Forecast – January 23, 2017

Colin First
2 days ago

GBP/USD Daily Fundamental Forecast – January 23, 2017

GBPUSD continued to trade strongly on the back of some dollar weakness and it looks set to gain more during the course of the day. The pound has continued to remain strong over the last week or so ever since it dropped just below 1.2000 on the basis of fears on how the Brexit process … Continue reading GBP/USD Daily Fundamental Forecast – January 23, 2017

James Hyerczyk
2 days ago

S&P 500; US Indexes Fundamental Forecast – January 23, 2017

U.S. equity markets finished higher on Friday shortly after Trump’s inauguration speech. There wasn’t much of a reaction to it in either direction. This could mean investors are equally divided between President Trump and Candidate Trump. In the cash market, the benchmark S&P 500 Index closed at 2271.31, up 7.62 or +0.34%. The blue chip … Continue reading S&P 500; US Indexes Fundamental Forecast – January 23, 2017

Colin First
2 days ago

EUR/USD Daily Fundamental Forecast – January 23, 2017

EURUSD has gained over the last couple of days mainly on the back of the weakness in the dollar. The euro seems to have made full use of this weakness and has now burst through 1.0700 and continues to look good for more. There has been no specific reason for the weakness in the dollar. … Continue reading EUR/USD Daily Fundamental Forecast – January 23, 2017

James Hyerczyk
2 days ago

Gold Fundamental Forecast – January 23, 2017

Gold futures see-sawed after President Donald Trump’s inauguration speech on Friday before settling higher for the session. The market begins the week at an important crossroad on the charts that will determine whether prices continue to move higher, or begin to retreat. April Comex Gold futures closed at $1207.70, up $0.50 or +0.04%. Forecast If … Continue reading Gold Fundamental Forecast – January 23, 2017

James Hyerczyk
2 days ago

Oil Fundamental Forecast – January 23, 2017

Crude oil prices closed higher on Friday on optimism that the week-end meeting between OPEC/non-OPEC nations would demonstrate compliance with a plan to cut production, trim supply and stabilize prices. U.S. March West Texas Intermediate crude oil finished the daily session at $53.22, up $1.10 or +2.11%. International Brent crude oil closed at $55.49, up … Continue reading Oil Fundamental Forecast – January 23, 2017

James Hyerczyk
2 days ago

Natural Gas Fundamental Forecast – January 23, 2017

Natural gas futures closed sharply lower on Friday as long investors continued to shed positions due to the absence of cold weather. The current downside momentum has put the market in a position to challenge the January 9 bottom at $3.110. March Natural Gas futures closed at $3.211, down $0.149 or -4.43%. Forecast Technical and … Continue reading Natural Gas Fundamental Forecast – January 23, 2017

James Hyerczyk
2 days ago

USD/JPY Fundamental Forecast – January 23, 2017

The U.S. Dollar retreated against the Japanese Yen after Trump’s inauguration on Friday. This was likely flight to safety buying fueled by uncertainty over Trump’s ability to run a government. His inauguration speech centered on putting America first, but it sounded more like a campaign speech. He repeated a few of his campaign promises, but … Continue reading USD/JPY Fundamental Forecast – January 23, 2017

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