Forecasts & Analysis |
Natural Gas Price Fundamental Weekly Forecast – Needs More than Strong LNG Demand to Turnaround This Market
The direction of the market next week is likely to be determined by trader reaction to $2.706 to $2.622.
AUD/USD and NZD/USD Fundamental Weekly Forecast – Higher-Risk Currencies Could Benefit from COVID Relief Bill
The potential market moving event this week occurred over the weekend when the U.S. Senate passed a $1.9 trillion coronavirus relief package.
USD/JPY Fundamental Weekly Forecast – Direction Hinges Upon Bond Trader Reaction to COVID Relief News
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.
Gold – 1600s Brushed!
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
Earnings to Watch Next Week: MongoDB, Campbell Soup, JD.com and Oracle in Focus
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.
USD/JPY Fundamental Daily Forecast – Surge Supported by Powell Remarks, Robust US Jobs Report
Japanese Finance Minister Taro Abe declined to comment on the Yen’s decline when asked about how the depreciation would affect the economy.
AUD/USD and NZD/USD Fundamental Daily Forecast – Stubborn Longs Taken Out on Friday – Retracement Time?
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.
Natural Gas Price Fundamental Daily Forecast – New Doubts on Demand Heading into Spring Shoulder Season
Bespoke Weather Services said comfortable weather and light heating demand are to permeate most of the Lower 48 in the coming week.
Oil Price Fundamental Daily Forecast – Soars after OPEC+ Holds Cuts; US Jobs Growth Fuels Demand Optimism
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.
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