Forecasts & Analysis | Fundamental, Page

Lack of news and macro data updates has led to range bound action in GBPUSD pair and this is expected to continue ahead of UK macro data update release.

The pair is seeing range bound action in favor Euro owing to dollar’s weakness ahead of Sino-U.S. trade talks set to begin today.

It’s a mixed start to the day for the majors, following Monday’s breakout. Bitcoin Cash ABC is amongst the front runners early on.

Bitcoin and legacy cryptos hit new monthly highs as positive price rally continues for the second week.

Bullish oil prices underpin Loonie fueling ongoing bearish price rally.

The British Pound is still completely focused on the Brexit talks. This is the reason why the Pound plummeted significantly last week and the reason it managed to recover later.

Strong production could keep a lid on NG prices

Soft US data is paving the way for higher gold prices

DAX to trade in red owing to dovish investor sentiment in the European market following ECB board members comments who hinted at plans for TLTRO owing to the economic slowdown in Euro area.

Gold has been resilient lately despite a stronger U.S. Dollar, rising Treasury yields and increased demand for higher risk assets. I think the demand is coming from investors reacting to forecasts for a weaker global economy.

Prices are retreating from early session highs after China reported automobile sales in January fell for a seventh month, raising concerns about fuel demand in the second-largest oil user.

GoldThe gold prices rallied significantly during the Friday’s session, reaching towards the $1325 level. The market has plenty of resistance around this zone and could witness a pullback. The weak economic numbers from the US and the Fed’s dovish attitude will keep supporting the gold prices higher and a break

GBP trades range bound near previous session highs with a positive bias on Dollar’s weakness ahead of tomorrow’s employment update owing silent macro calendar schedule for the day.

We’re looking for a bullish tone to develop on a sustained move over $2.648. The main trend is expected to change to up on a trade through $2.730.

Rangebound action in favor of Euro to continue owing to a silent macro calendar on both sides of the pair.

The direction of the USD/JPY the rest of the week is likely to be determined once again by Treasury yields and the stock market. These market are likely to be largely influenced by U.S.-China trade negotiations. However, investors will also get a chance to react to the latest Federal Open

This week, the economic news shifts back to the Australian Dollar. The week will start with the Aussie supported by the resumption of trade talks between the United States and China, but this time in Washington. Both parties cited progress in last week’s trade talks which took place in Beijing.

Here come the bulls… Late Sunday’s rally spills over to the early hours of this morning. Holding onto key levels would support more upside in the day.

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.