Forecasts & Analysis |

The direction of the market next week is likely to be determined by trader reaction to $2.706 to $2.622.

The potential market moving event this week occurred over the weekend when the U.S. Senate passed a $1.9 trillion coronavirus relief package.

We could see profit-taking this week as traders prepare for the release of the U.S. Federal Reserve’s monetary policy decisions on March 17.

The hack exploits four newly-discovered flaws in Microsoft Exchange Server email software.

Now really apropos is our anticipatory piece from two weeks ago (“Gold’s Near-Term Brush with the 1600s”) as ’tis become reality. Gold settled out the week yesterday (Friday) at 1698 (almost kissing where ’twas a year ago in the above chart) and has now traded in tow to as low

Following is a list of company earnings scheduled for release March 8-12, along with an earnings preview for select companies. Next week’s earnings are probably not much significant for major market movements, but it is adequate to gauge investors’ sentiment.

Japanese Finance Minister Taro Abe declined to comment on the Yen’s decline when asked about how the depreciation would affect the economy.

We could see a counter-trend rally by the Aussie and Kiwi over the near-term ahead of the Fed’s March 17 monetary policy announcements.

Bespoke Weather Services said comfortable weather and light heating demand are to permeate most of the Lower 48 in the coming week.

U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices soared to their highest levels since 2019.