Forecasts & Analysis | Fundamental, Page

Gold prices moved higher on Wednesday ahead of the no confidence vote in the UK.  While May is widely expected to remain the Prime Minister, there is no clear cut plan on how to move forward. UK core inflation came in stronger than expected but the headline remains soft due

Despite investors caution over delay in ETH hard fork headlines from Russia continues to some level of activity in day to day market.

Pickup in the US bond yields helped revive USD demand as investors await US EIA Crude oil inventory data.

Given the new weather forecasts, the uptrend is not over, but we may see a short-term correction before moving higher. The price action will be determined by whether investors prefer to buy strength, or wait for a pullback into support.

We’re looking for the sideways trade to continue until we see a clear shift in demand for higher risk assets. If risk is on then gold is likely to be pressured. If risk is off then gold will be supported.

The outlook for prices is unclear at this time which usually suggests uncertainty and a rangebound trade. The wild card, however, is China. Prices should strengthen if the world’s largest economy announces a fresh stimulus package, or if a new trade deal is announced.

Continue to watch the price action in the U.S. equity markets for direction today. A risk-on session will be bullish for the USD/JPY, risk-off will be bearish.

Cues from international market are likely to underpin market bulls in German stock market but upside move could be limited owing to investors cautious stance following dovish comments from Draghi yesterday.

Despite rejection of deal in parliament, hopes that brexit proceedings will now proceed in faster pace has helped British Pound maintain bullish price action.

The AUD/USD and NZD/USD could remain in a range on Wednesday, underpinned by the hopes that China will soon announce a stimulus package. As noted on Tuesday, traders will be particularly sensitive to any positive or negative comments about a potential trade deal between the U.S. and China.

GoldThe gold prices are continuing its move around the $1290 level as it is facing extreme resistance in breaking above the psychologically important $1300 level. If it breaks above the $1300 level, then it can reach towards the $1400 level in the long term, with some selling at every $25 until

EURO which suffered strong declines yesterday continues to trade slightly above weekly lows as bears continue to pressure EURO post Draghi’s speech yesterday.

It’s a mixed start to the day for the trio, with Litecoin struggling in the early hours, the market seemingly treading water early on.

Gold prices moved sideways in the wake of the Brexit vote which as widely expected defeated the Prime Minister Teressa May. The markets had discounted a no vote, which led to some short-covering in the pound. The easing of the dollar helped buoy gold prices. Technical Analysis Gold prices remain range bound

Bitcoin and legacy cryptos range bound on recent gains but it is unlikely to be starting point of bullish price rally.

Both sides of pair vie for control of momentum as news driven momentum resulted in neither pair dominating rally.

The current intraday chart pattern indicates that investors will have to decide between buying strength and playing for a breakout over today’s intraday high at $3.373, or wait for a pullback into the support zone at $3.091 to $3.024.

Gold has been rangebound for nearly two weeks due to mixed fundamentals. Underpinning the market has been the dovish Fed which recently signaled it may take a break from further rate hikes until the stock market volatility stabilized and the global economy started to show signs of strengthening.

The fundamentals are a little mixed today which could lead to higher prices, but an inside trading session. This occurs when price neither take out the previous days’ high nor the previous session’s low. This tends to indicate investor indecision.

The Dollar/Yen is edging higher after wiping out yesterday’s losses on the back of upbeat comments from China. The news triggered a turnaround in U.S. equity markets which led to increased appetite for risk and the shedding of the safe-haven Japanese Yen. All eyes are likely to remain on the