Forecasts & Analysis | Fundamental

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

Gold futures surged last week to their highest level since June 28 after the U.S. Dollar was hammered by events out of Australia and the Euro Zone. Weaker U.S. Treasury yields also made gold a more attractive investment. Gold was also supported by concerns over the Trump administration’s involvement with the Russians and the election, … Continue reading Price of Gold Fundamental Weekly Forecast – Dovish Fed Should Should Underpin Prices

We had been mentioning in several of our forecasts that the DAX index does not look to be working on strong foundations and despite some strong bounces over the last couple of weeks, it always looked as though the weakness was just beneath the surface. It looked as though the bears could take the time … Continue reading DAX Index Fundamental Analysis – week of July 24, 2017

U.S. West Texas Intermediate and international-benchmark Brent crude oil posted a volatile two-sided trade last week before settling lower. The bullish price action was fueled by a bigger-than-expected draw in U.S. inventories. The bearish news was increased production from OPEC. September WTI crude oil futures settled at $45.77, down $0.98 or -2.10% and October Brent … Continue reading Oil Price Fundamental Weekly Forecast – Oil Ministers May Try to Limit Libyan, Nigerian Production at Key OPEC Meeting

The USDCAD continued on its downward journey through the course of last week which was not a major surprise considering how weak the dollar is, across the board, and how strong the CAD has been, with the ample support of data and the BOC as well. We now reach a crucial price region in this … Continue reading USD/CAD Fundamental Analysis – week of July 24, 2017

The GBPUSD had a very difficult week after promising the sky in the week before. Following the weak CPI and retail sales data from the US in the week before, we saw the pair shoot up through the 1.3030 region and have a look above the 1.31 region briefly that day. The traders and the … Continue reading GBP/USD Fundamental Analysis – week of July 24, 2017

In a way, it was a typical week for the EURUSD pair. The traders had to get it into their head that the pair is in a clear uptrend. Any other thought would just spoil their participation in the party that the euro bulls have been having over the last few weeks. Last week, we … Continue reading EUR/USD Fundamental Analysis – week of July 24, 2017

WTI crude prices are down showing a 1.5% loss. Weakness in the dollar was unable to help keep oil prices buoyed, while the breach in the Brent benchmark above $50.0 over the last day was seen as bullish-affirming price action. The looming OPEC-led meeting of major oil producers on Monday in St. Petersburg is an … Continue reading Crude Oil Price Analysis for July 24, 2017

The EUR/USD moved higher on Friday following Thursday’s ECB meeting where forex traders lifted the currency pair to fresh 14-month highs.  There appears to be a divergence in how the markets viewed the Draghi commentary following the ECB meeting. While forex markets are focusing on upbeat economic comments from Draghi on Thursday and push the … Continue reading EUR/USD Daily Technical Analysis for July 24, 2017

The USDCAD pair continues to struggle during the course of the last 24 hours and has been in the tight grip of the bears. Though there was a brief look over 1.26 as the pair tried to make a break, it could not get past the 1.2630 region and fell back below 1.26 where it … Continue reading USD/CAD Daily Fundamental Forecast – July 21, 2017

Gold Weakness in the dollar has helped the gold to zip through the $1240 level on Thursday’s trade. For now, buying on dips will be the preferred way to enter the market which is expecting a resistance around the level $1250 and $1235 will act as good support region. In Long term,  gold prices will target … Continue reading Commodities Daily Forecast – July 21, 2017

Natural gas futures are trading lower early Friday on low volume. There has been no follow-through to the downside after yesterday’s steep sell-off. This suggests the selling may have been overdone, or investors are waiting for more information. At 0730 GMT, September Natural Gas futures are trading $3.017, down $0.16 or -0.49%. Prices rose slightly … Continue reading Natural Gas Price Fundamental Daily Forecast – Less Cooling Demand Expected Next Week

EUR/USD The pair shot up during the Thursday’s trade after reports from the US suggesting the investigators expanding the search into Donald Trump’s global companies for collusion with Russia. The pair went up to 1.16 level during the day and closed around that level only. The pair had a good support on 1.15 level and … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 21, 2017

Gold is trending higher early Friday and nearing a three-week high, helped by a weaker U.S. Dollar and lingering U.S. political uncertainty. At 0700 GMT, December Comex Gold is trading at $1253.10, up $1.00 or +0.08%. A steep rise in the Euro to nearly a two-year high on Thursday sent the U.S. Dollar plunging against … Continue reading Price of Gold Fundamental Daily Forecast – Reaction to $1258.30 to $1269.40 Will Determine Longer-term Direction

U.S. West Texas Intermediate and international-favorite Brent crude oil are trading flat-to-mixed as investors square positions ahead of the week-end and a key meeting of major oil producing nations next week in St. Petersburg Russia. At 0625 GMT, September WTI crude oil is trading $46.89, down $0.03 or -0.06% and October Brent crude oil is … Continue reading Oil Price Fundamental Daily Forecast – Flat Ahead of OPEC, Non-OPEC Production Discussions in Russia

The DAX index spent much of the day yesterday waiting for the ECB. The DAX has been weak over the past few days on the talk of tapering by the ECB and with it, came the fear that the ECB would start funding the flow in the markets and this would lead to the drying … Continue reading DAX Index Daily Fundamental Forecast – July 21, 2017

Bitcoin and ethereum prices continued to skyrocket into the stratosphere on the same week when they had crashed to the bottom and there was panic all around. We had begun the week on the backfoot and with many ICOs doing the rounds over the weekend, we saw the ethereum prices crash towards its lows and … Continue reading Bitcoin and Ethereum Price Forecast – Bitcoin Rockets Higher