Forecasts & Analysis | Fundamental, Page

Gold is in a long-term bull market but from time to time the market will go through periods of profit-taking and position-squaring. Additionally, traders are not always going to chase the market higher.

At 14:30 GMT, the EIA will release its weekly inventories report. It is expected to show a 1.4 million barrel draw down. We could see above average volatility with the release of today’s numbers since we are nearing the end of peak U.S. driving season.

The British pound jumped higher yesterday after some positive Brexit comments from German Chancellor Angela Merkel.

The fundamentals appear to have reached a stalemate, which supports the sideways-to-higher chart pattern. Since the technicals tend to precede the fundamentals, where likely to see the next move determined by chart watchers.

EUR/USD caught a bid from support on Tuesday to end a 5-day consecutive decline. Volatility is expected in the session ahead as the Fed will release minutes from their latest meeting.

The major focus for the day would remain over the July Canadian CPI data release and FOMC minutes. Since the start of August, the USD/CAD had hardly made a move below the Ichimoku Clouds until today.

The VIX volatility index rebounds

Cool-weather could weigh on prices

US yields continue to head lower

Driving the two-side price action is a forecast calling for heat and high humidity until mid-week then a cooling off period into August 30. The odds are in favor of a downside bias because of cooler-trending long-range outlooks and rising production, however, the bulls are being stubborn after picking up

With yields dipping and the Japanese Yen inching higher, the price action in gold suggests that today may actually develop into a “risk-off” day.  This is understandable since it’s been about a week since the yield curve inverted, signaling a recession, and the news hasn’t been all that supportive for

The lower demand numbers are real so traders are paying close attention to the warning from OPEC. On the other hand, the rally we saw on Monday was fueled by hope and optimism. Usually, real wins the battle, but there is always the chance that hope and optimism will turn

GBP/USD has lost some momentum in its recovery as sellers maintained pressure since testing resistance yesterday.

A recovery attempt on Monday was short-lived as sellers took the exchange rate into negative territory late in the day to close for a fifth consecutive daily loss.

On the weekly chart, the USD/CAD pair had recently crossed below a 1-year old slanting support line, signaling reversal trend. Later today, the market would witness the release of the API Weekly Crude Oil Stock Change calculated since August 16.

Cryptocurrencies are becoming an inextricable part of our society. They are actively permeating all the spheres of our lives: users pay for goods and services with digital assets and use them to invest. Business, on its part, is implementing instant crypto accounting mechanisms into its processes. Even the likes of

The RBA minutes should offer nothing new for investors and should take on a somewhat dovish tone. However, the primary focus for investors this week will be speeches by Governor Lowe and Fed Chair Jerome Powell at the Jackson Hole Symposium.

Fed Chair Powell is schedule to speak at Jackson Hole

LNG exports hit a record in July

Momentum turns lower