Forecasts & Analysis | , Page 1

Prices fall on warm weather forecast

Gold rallies despite a rise in the dollar

The USD/JPY is likely to continue to be influenced by trader demand for risky assets and the direction of Treasury yields.

What happens in China with regards to the coronavirus will determine the direction of the Aussie and Kiwi.

We’ve said since the start that with a sell-off fueled by speculators, the market will go down until it hits a value area attractive enough for the professionals to find value.

Silver prices attempted to push higher, but prices were rejected at higher levels.  While the coronavirus has added volatility and uncertainty as it pertains to growth, the safe haven natural of silver demand helped buoy prices.Gold continued to rally, breaking out of a cup and handle pattern, but this was

With an incubation period for the virus of up to two weeks, the lockdowns in China could last for several weeks. This could put a negative impact on the major financial markets, while driving investors into gold for protection.

We’re looking for a sideways to lower trade until all the models agree on colder temperatures. Technically, taking out $1.957 could trigger a short-covering rally with $2.033 the first upside target.

The COT report covering the week to January 21 showed futures positions and changes made by hedge funds across key commodities just before the increasingly alarming corona virus news from China began hurting sentiment.

Currently, more and more analysts talk about the impact of the coronavirus on the financial markets.