Forecasts & Analysis | Fundamental, Page

The Fed is on deck

Tropical storm Imelda heads toward Texas

The currency markets have been quiet on Tuesday, with the pound, Canadian dollar and Mexican peso showing limited movement. However, the Fed meeting on Wednesday could trigger some movement. As well, investors will be keeping a close eye on CPI releases in Canada and the U.K.

After a double-digit rise to start off the week, oil has lost ground on Tuesday. Upcoming crude inventory reports are predicting a decline in stockpiles, which could see the volatility continue

Silver prices are flat in the Tuesday session. Will we see the metal make a push towards the round number of $18.00?

Traders expect the API report to show a 2.1 million barrel draw down. A larger-than-expected draw could spike prices higher. This is because the U.S. is expected to fill in any major shortfalls from the Saudi loss. 

GBP/USD is seeing some selling pressure in the early week after a test of the important 1.2500 level.

The recent sell-off from multi-year highs indicates that gold investors have cut the chances of a U.S. recession, the current sideways price action indicates investors are searching for a new catalyst. The 25-basis point rate cut is priced in. Traders are also feeling more optimistic over U.S.-China trade relations.

EUR/USD corrected sharply lower on Monday but has caught a bid in early trading on Tuesday after a brief dip below the 1.1000 level.

It’s becoming highly unlikely that the Saudi attacks are helping to support prices. However, it is clear that the warmer trends over the 11- to 15-day period are helping to underpin prices. This should be your near-term focus.

It is red across the board, as the New Zealand, Australian and Chinese currencies have all posted modest gains against the U.S. dollar. With no key indicators on the schedule, it could be a lackluster session on Tuesday.

Although crude oil traders are likely to raise their risk premium, and risky asset investors will remain on their toes due to the simmering conditions in the Middle East, investors will begin to gradually shift their focus to the start of the two-day U.S. Federal Reserve monetary policy meeting which

The minutes show that the RBA was ready to consider further policy easing as needed to support growth and inflation targets, while it was reasonable to expect an extended period of low interest rates.

Crude oil prices surge 14% buoying energy shares

Tropical storm threats continue to generate volatility

Gold rises and remains oversold

With no major events to kick off the week, the Canadian dollar and Mexican peso are showing little movement. The British pound is showing some volatility and has retracted after ending last week with sharp gains.

Bullish traders will be betting on a prolonged shutdown of the facility or an escalation of tensions between the United States and Iran in the hopes of a major supply disruption in the area. Bearish traders are counting on the Saudis to restore the facilities as quickly as possible. The

U.S. crude surges close to 10%, after an attack on a Saudi oil facility knocks out 50% of Saudi oil production.

Now the shorts have to deal with the problems in Saudi Arabia that may or may not have an impact on U.S. prices. However, when you put together words and phrases like “halt production” and “reduce supply” in a sentence, speculators are likely to buy first and ask questions later.