Forecasts & Analysis | Fundamental

Eurozone yields moved lower as the dollar gain traction with 10-year Bund yields falling below 0.50% and Eurozone spreads narrowing after weaker than expected PMI readings underpinned Draghi’s reluctance to commit to QE tapering just yet. The renewed dip in long yields is weighing on the currency pair, but comments from Mersch  Monday confirmed that … Continue reading EUR/USD Daily Technical Analysis for July 25, 2017

The GBP/USD pair is trading at 1.3041, up 0.36% on Monday morning. From the GBP/USD daily chart, it is apparent that the current level of the cable is trading close to the September 23, 2016 level. At that point, the GBP was trading at 1.31207. The fact the the pound remains bullish against the greenback is … Continue reading Slowly But Surely, the Pound Rises Against US Dollar

Gold The gold market was very bullish on Friday’s trade and went above the $1255 level. This is a strong sign of market likely going towards $1300 level. The dollar is trading at 14-month low level is supporting the prices and $1250 will be the support in this market. Buying on pullbacks will be an … Continue reading Commodities Daily Forecast – July 24, 2017

EUR/USD The pair went higher on Fridays’ trade after moving initially in a sideways direction. The pair is still moving strong and is trading in 2 years high level. It has a resistance level of 1.1650 level. Any pullback will provide a good opportunity to go for long position. No support for the dollar will … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 24, 2017

USDCAD continues to trade in a weak manner as there does not seem to be any respite for the dollar. This is expected to continue in the short and medium term as well as the oil prices begin to steady and they are likely to only get stronger in due course of time. Also, the … Continue reading USD/CAD Daily Fundamental Forecast – July 24, 2017

EUR/USD: Further Room to Climb The Euro will be watched by investors carefully as its starts trading this week. The European currency is testing long-term highs and the 1.17 resistance level has come into sight against the U.S Dollar. Traders looking for reversals downward may want to reconsider stepping in front of the Euro’s strong … Continue reading Daily Market Forecast, July 24, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

The major U.S. equity indexes are trading slightly lower during the pre-market session. Traders are mostly reacting to lower markets in Asia and Europe. A weaker U.S. Dollar is also putting some pressure on stocks. The primary focus for investors today will be earnings. However, investors will also get the opportunity to react to the … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Earnings, Politics Key Market Drivers Today

The DAX index continued to trade weakly on Friday, in line with the rest of the stock markets in Europe. This is likely to continue in the short and medium term as the market comes to terms with all the tapering talk. It has to be noted that the weakness in the DAX has basically … Continue reading DAX Index Daily Fundamental Forecast – July 24, 2017

The Dollar/Yen sold-off early in the session, but is starting to mount a slight comeback as we approach the European opening. The USD/JPY was pressured by weaker U.S. equities and further weakness in the U.S. Dollar. Some investors attributed the Forex pair’s weakness to political uncertainty in the United States. A slight dip in Asian … Continue reading USD/JPY Fundamental Daily Forecast – U.S. Political Uncertainty Leaning on Dollar/Yen

The Australian and New Zealand Dollars are trading mixed early Monday. The currencies are showing little reaction to dovish comments from a Reserve Bank of Australia on Friday. The AUD/USD is trading slightly higher and the NZD/USD is trading a little lower. There was no follow-through to the upside by the Kiwi following Friday’s strong … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Ranges May Tighten Ahead of Australian Consumer Inflation Data

The bitcoin prices are back where they were at the beginning of the month and as expected, they have begun to chop around. This is likely to last for some time, as was the case last time as well. One of the main reasons for this chopping around is the fact that it is very … Continue reading Bitcoin and Ethereum Price Forecast – Bitcoin Prices Consolidate at Highs

December Comex Gold futures are trading slightly higher early Monday, underpinned by weaker U.S. equities and slightly lower U.S. Dollar. Foreign investors are attributing gold’s early strength to political uncertainty in the United States. U.S. equity indexes are being dragged lower by a dip in Asian securities as investors book profits after recent gains. The … Continue reading Price of Gold Fundamental Daily Forecast – Traders eyeing Weaker Equities, Lower U.S. Dollar

There has been a little bit of dollar weakness around in the markets since this morning and for once, the GBPUSD pair has made use of this weakness to push above the 1.30 mark and trade just above it as of this writing. It has to be noted that the dollar stayed weak during a … Continue reading GBP/USD Daily Fundamental Forecast – July 24, 2017

The EURUSD pair has continued on its merry ways and it continues to move on its higher trajectory even when there is not much news around. On Friday, it was supposed to be a slow day with the absence of any news or events from the Eurozone and the US. But even on that day, … Continue reading EUR/USD Daily Fundamental Forecast – July 24, 2017

U.S. West Texas Intermediate and international-benchmark crude oil futures are trading slightly better early Monday, but inside Friday’s range, suggesting investor indecision and impending volatility. There has been no follow-through to the downside following Friday’s steep sell-off amid growing expectations that the joint OPEC and non-OPEC oil ministers’ meeting later in the day in St. … Continue reading Oil Price Fundamental Daily Forecast – Direction Determined by Outcome of Oil Ministers’ Meeting

Natural gas futures gapped lower early Monday, continuing the downside momentum created by Friday’s sharp sell-off. Traders are concerned about the weather. Uncertainty is being created by differences in the European and U.S. weather models. The current U.S. and European weather models are calling for warmer-than-normal temperatures the next two weeks, however, the forecasts differ … Continue reading Natural Gas Price Fundamental Daily Forecast – Gaps Lower on Weather Concerns

The Dollar/Yen closed lower last week in continuation of the selling that began the previous week. If you recall, that weakness was fueled by dovish comments from Fed Chair Janet Yellen and disappointing U.S. Consumer Inflation and Retail Sales data. This news was strong enough to reduce the chances of a third Fed rate hike … Continue reading USD/JPY Fundamental Weekly Forecast – Traders Will React to Fed, Treasury Yields, Trump Woes

The Australian Dollar rose sharply last week after the minutes of the RBA’s July 4 meeting, released on July 18, showed the central bank now estimates the “neutral” official cash rate to be 3.5 percent – a full 200 basis points above where the cash rate is now. The AUD/USD closed at .7913, up 0.0087 … Continue reading AUD/USD and NZD/USD Fundamental Weekly Forecast – Aussie Traders Have to Deal with Debelle Comments, Quarterly CPI and Fed

After several weeks of consolidation in June and early July, U.S. equity markets have posted solid gains the last two weeks. All major cash and futures indexes have even reached new all-time highs. In the cash market, the benchmark S&P 500 Index settled last week at 2,473, up 0.50%. It is up 10.4% for the … Continue reading S&P 500; US Indexes Fundamental Weekly Forecast – Earnings and Fed on Tap This Week

Natural gas futures spiked to a fresh three-week high on July 20 in reaction to a better-than-expected government storage report, but sellers took over from there, producing a bearish chart pattern on the daily chart that led to further selling on Friday. The move was strong enough to erase the week’s gains, setting up the … Continue reading Natural Gas Price Fundamental Weekly Forecast – Rangebound Until European and U.S. Weather Models Agree