Forecasts & Analysis | Fundamental, Page

  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Whipsaw Despite Larger than Expected Inventory Build

    Natural gas prices whipsawed but eventually moved higher as a larger than expected build in natural gas inventories was offset by warmer than normal weather which is forecast to cover most of the United States over the next 8-14 days.  Prices surged higher testing resistance near the June highs at

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Rebounds as Fast Stochastic Generates Buy Signal

    Gold prices rebounded from session lows closing up slightly on the session, after hitting a fresh 6-month low. The risk of a global trade war helped buoy gold prices. Target support on the yellow metal is seen near the December 2017 lows at 1,236. Resistance is seen near the 10-day

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 21/06/18

    Bitcoin Cash in ReverseBitcoin Cash slipped by 1.79% on Wednesday, partially reversing Tuesday’s 2.35% gain, to end the day at $891.1.An intraday low $861.4 came in the early afternoon after a start of the day slide to $862 levels, with Bitcoin Cash sliding through the first major support level at

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  • Colin First
    Colin First

    USD/CAD Price Forecast – USD/CAD Hits 2018 High on Strong US Greenback

    The USD/CAD pair held on to its mildly positive tone near fresh one-year highs, albeit seemed lacking any strong follow-through buying interest, however price action remains supportive of positive momentum in US dollar’s favor. US Dollar Index is trading near one-year’s high in the 95.00 area, as the currency pair

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  • Colin First
    Colin First

    Commodities Daily Forecast – June 21, 2018

    GoldThe gold prices were mostly stable during the Wednesday’s session hovering around the $1275 level. The market has fallen hard in the last couple of session and is likely to continue weak until it gains significant momentum to continue higher. The $1285 and $1290 level continues to offer strong resistance

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  • Colin First
    Colin First

    DAX Index Forecast – DAX Consolidates Near Lows

    The DAX is back to the lows of its range over the last couple of days after a brief bullish trip above the 13000 region over the last week or so. That move had inspired hopes that the bulls would be in control of the index going forward and help

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Underpinned by Forecasts Calling for Above-Average Temperatures

    Natural gas futures rose on Wednesday on a warmer-than-average weather forecast. According to the National Weather Service, temperatures are expected to remain above-average throughout most of the country over the next six to 10 days.The above-average temperatures are expected to continue through June which should lead to increased cooling demand.

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  • Colin First
    Colin First

    GBP/USD Price Forecast – GBP/USD Slides Downwards Ahead of BOE Rate Decision

    The GBP/USD is continuing to sink on bearish action into the week’s swing lows. The BOE’s rate call today is guaranteed to be a non-starter, but traders will be keeping an eye out for hints about action in the 3rd quarter. The GBP/USD is continuing to slump in Wednesday’s lows

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – BTC Prices Above $6700

    The BTC prices have recovered over the last couple of days and trade comfortably above the $6600 region as of this region and even some bad news in the form of a hack at one of the South Korean exchanges seems to have had little impact on the market and

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  • Colin First
    Colin First

    EUR/USD Price Forecast – EUR/USD near 3-Week Low as US Treasury Yields Spike

    EURUSD is currently on steep downward curve and the pair is moving around 1.1556 handle for majority of Asian market hours. The single currency trades narrowly but with a soft bias in Asia as intra-day rise in usd/yen has led to broad-based usd’s strength. Despite yesterday’s brief dip to session

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Demand for Risk, Strong Dollar, Rising Yields Pressuring Gold

    Gold is under pressure early Thursday with the selling led by increased demand for higher risk assets, a rise in U.S. Treasury yields and a stronger U.S. Dollar.At 0612 GMT, August Comex Gold futures are trading $1265.00, down $9.50 or -0.75%. If the downside momentum continues, we could see a

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Prices Dip Slightly on Reports Iran May Agree to Small Production Hike

    U.S. West Texas Intermediate and international-benchmark Brent crude oil settled sharply higher as investors continued to position themselves ahead of a key meeting of OPEC producers that may decide to increase global output. Traders primarily ignored the weekly U.S. Energy Information Administration’s inventories report that showed mixed results.Volatility was the

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Daily Forecast – Strong Demand for Higher Risk Assets Pressuring Safe-Haven Yen

    The Dollar/Yen posted an inside day with a higher close on Wednesday, indicating investor indecision and impending volatility, but with a developing upside bias.The Forex pair could also be going through a transition period after momentum shifted to the downside earlier this week. Despite the change in momentum to down,

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Daily Forecast – Kiwi Tumbles on Disappointing GDP Data

    The New Zealand and Australian Dollars are under pressure early Thursday with the Kiwi plunging in reaction to a New Zealand GDP report that matched expectations, but came in slightly below the previous read.At 0514 GMT, the NZD/USD is trading .6833, down 0.0032 or -0.47% and the AUD/USD is at

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Continues to Drop Poised to Test Lower Levels

    Gold prices continued to move lower as the dollar gains traction and risk aversion abates. The U.S. current account widened much to the dismay of the White House allowing the dollar to grind higher paving the way for lower gold prices. The stronger than expected mortgage index also buoyed the

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 20/06/18

    Bitcoin Cash Back in the RedBitcoin Cash gained 2.35% on Tuesday, following Monday’s 4.59% rise, to end the day at $906.6, which was the first $900 close since 11th June’s $950.6.A pullback through the early part of the day saw Bitcoin Cash ease to an intraday low $874 before recovering

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Should Resume Rally if High Demand Offsets Increasing Production

    Natural gas futures broke sharply for a second day on Tuesday as investors continued to react to short-term weather forecasts calling for a cooling trend early next week.“Weather forecasts show an upper ridge is expected to strengthen and expand across the southern and eastern United States next week, although recent

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Has Lost Its Luster as Safe-Haven Asset

    Gold futures hit a six-month low on Tuesday. The catalysts were a stronger U.S. Dollar and the failure to hold key technical levels. The escalating trade tension between the U.S. and China drove investors into the safety of the U.S. Dollar. This weakened demand for dollar-denominated gold.The close below a

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Prices Firm After API Reports Drop in U.S. Inventories

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed lower on Tuesday as investors continued to express concerns over a possible increase in OPEC crude supply. Also pressuring prices were the escalating trade dispute between the United States and China.August WTI crude oil settled at $65.07, down $078

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Daily Forecast – Prices Firm, but Investors Remain on Edge Over US-China Trade Dispute

    The Dollar/Yen fell on Tuesday after U.S. President Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation. The news drove global stock markets sharply lower, sending investors scurrying for the safety of the Japanese Yen.A drop in

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SymbolLast PriceChange
EURUSD
EUR/USD
1.1607
+0.0001
+0.01%
GBPUSD
GBP/USD
1.3247
+0.0001
+0.01%
XAUUSD
Gold
1267.7
+0.6900
+0.05%
CL
Crude Oil
65.960
+0.1400
+0.21%
SPX
S&P 500
2753.5
+1.0000
+0.04%
DAX
DAX 30
12461.5
-239.00
-1.88%
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