Forecasts & Analysis | Fundamental, Page 1

  • David Becker
    David Becker

    Crude Oil Price Analysis for January 19, 2018

    Crude oil prices edged lower on Thursday following the Department of Energy’s report on inventories that were delayed a day due to the MLK holiday.  Despite robust distillate demand and a draw in inventories, prices remained nearly unchanged. While crude oil and distillate fuels saw reduction in stocks, gasoline supplies

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  • David Becker
    David Becker

    EUR/USD Daily Technical Analysis for January 19, 2018

    The EUR/USD continued to consolidated at higher levels, following housing number in the Eurozone that showed inflation was accelerating. While U.S. jobless claims dropped showing employment strength, housing sales tumbled which weighed on the greenback.TechnicalsThe EUR/USD rebounded from session lows closing up on the day, and forming an inside day

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Daily Forecast – Economic Data, Treasury Yields Driving the Price Action

    The Dollar/Yen is up slightly on Thursday, shortly before the U.S. opening. Buyers are trying to build upon yesterday’s dramatic technical closing price reversal bottom. Although the chart pattern doesn’t mean the trend is changing to up, it does indicate a shift in momentum to the upside. This could lead

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Needs Bigger-than-Expected Draw to Sustain Rally

    The return of cold weather to several key demand areas helped drive up natural gas futures on Wednesday and early Thursday. The buying was strong enough to take out last week’s high at $3.035, but the rally stalled at $3.070.At 0855 GMT, March Natural Gas futures are trading $3.012, down

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 18, 2018

    The USDCAD pair had a day of huge volatility as the prices bounced and turned within a large range of 200 pips during the day yesterday. This was something that was expected and we had also mentioned as much in our forecast yesterday as the BOC was out with its

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Stronger Dollar, Shift in Momentum Pressuring Prices

    Gold futures are trading lower early Thursday in reaction to a stronger U.S. Dollar. The catalysts behind the price action are stronger-than-expected U.S. economic data and the breach of a key technical level.At 0821 GMT, February Comex Gold futures are trading $1329.30, down $9.90 or -0.74%.Technically, gold crossed to the

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – EIA Report Should Determine Direction Today

    U.S. West Texas Intermediate and international-benchmark crude oil futures posted a two-sided trade on Wednesday before closing higher. The markets were pressured early in the session on concerns over excessive hedge fund buying that may have put prices in an overbought condition. Traders were also positioning themselves ahead of a

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  • Yaron Mazor
    Yaron Mazor

    Daily Market Forecast, January 18, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

    Gold has stumbled and will attract speculative traders who may look for more downside.GBP/USD: Pound Testing Higher RealmsThe Pound traded higher on Wednesday as investors reacted to whispers from political circles in the U.K suggesting a ‘soft Brexit is being considered. The Pound is above 1.38 against the U.S Dollar

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 17, 2018

    GoldThe gold prices pulled back during the yesterday’s session as it found enough resistance to continue moving higher towards the $1350 level. The market is expected to remain volatile as it trying to build up enough momentum to continue higher and every pullback in this market will continue to offer

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 18/01/18

    Bitcoin Cash in Recovery ModeBitcoin Cash wasn’t alone in having a choppy day on Wednesday, falling to a low $1,343 before recovering to a $1,736 by the end of the day, a gain of 1.06%.Bitcoin and Bitcoin Gold also managed to make minor gains through the day on Wednesday, restoring

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  • Colin First
    Colin First

    DAX Index Daily Fundamental Forecast – January 18, 2018

    The DAX index continued to be volatile as it moved lower in the early half of the day and then recovered during the second half of the day to end the day above the 13200 region, continuing to give some hope for the bulls in the short term. The bulls

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – Prices Bounce After Steep Fall

    The volatility continued in the crypto markets as a combination of traders taking profit, fear of regulation and crackdowns in some of the biggest markets of the world and panic selling led to a crash in the crypto prices and bitcoin was no exception. The prices broke through the $10,000

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  • Colin First
    Colin First

    GBP/USD Daily Fundamental Forecast – January 18, 2018

    The pound ripped higher during a period of around 2 hours yesterday, only to correct after that move and settle back towards the 1.38 region as of this writing. There does not seem to be any major fundamental cause for the move higher and it has left the traders scratching

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  • Colin First
    Colin First

    EUR/USD Daily Fundamental Forecast – January 18, 2018

    The choppiness in the EURUSD pair continues as the pair moves between 1.22 and 1.23 with no specific direction. Yesterday, we saw the pair moving higher during the first half of the day and for sometime, it appeared that the day would be another rout for the dollar. But that

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  • David Becker
    David Becker

    Gold Price Prediction for January 18, 2018

    Gold prices whipsawed on Wednesday initially moving lower as the dollar gain traction, but climbing back to nearly unchanged following a surge in U.S. industrial production.  Prices appear to be forming a bull flag pattern that is a pause that refreshes higher.  Support on the yellow metal is seen near

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  • David Becker
    David Becker

    Crude Oil Price Analysis for January 18, 2018

    Crude oil prices moved higher on Tuesday reversing the prior day’s decline. News on Tuesday said that the EIA expects U.S. shale production to increase by 111k barrels per day, which should help push overall U.S. production to record levels above 10 million barrels per day. While the overall bullish

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  • David Becker
    David Becker

    EUR/USD Daily Technical Analysis for January 18, 2018

    The EUR/USD continued to press higher but was unable to hold on to gains. European inflation came in as expected, just as ECB officials try to put a lit on the Euro’s rise. Brexit noise is beginning to pick up, while U.S. Chain Stores fell in the latest week.TechnicalsThe EUR/USD

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 17, 2018

    The pair traded within a tight range as a lack of fundamentals kept the prices on a tight leash for much of the day. There was not any major economic news from the Canadian or the American fronts and hence the prices traded and consolidated just below the 1.25 region

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Could Consolidate Until Thursday’s EIA Storage Report

    Natural gas futures are trading flat early Wednesday. The price action this week is nearly mirroring last week’s price action. This likely means we’re going to see another tight range as investors await Thursday’s U.S. Energy Information Administration’s weekly storage report.At 0847 GMT, March Natural Gas futures are trading $2.964,

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 17, 2018

    GoldThe gold prices pulled back slightly during the Tuesday’s session as the market was bit overextended. The $1325 level is going to be the massive support area for the gold and will see a lot of buyers getting into this market to take it forward. The $1350 will offer significant

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.2240
+0.0061
+0.5%
GBPUSD
GBP/USD
1.3898
+0.0075
+0.54%
XAUUSD
Gold
1327.1
-1.2000
-0.09%
CL
Crude Oil
63.785
-0.3950
-0.62%
SPX
S&P 500
2795.5
-10.250
-0.37%
DAX
DAX 30
13269.5
+42.500
+0.32%
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