Forecasts & Analysis | Fundamental, Page

Early in the week, trader reaction to a minor top at $2.406 will tell us if the short-covering is getting stronger. If momentum begins to build on this move then the rally could eventually extend into the short-term pivot price at $2.518. This rally will look impressive on the short-term

Early Tuesday, the RBA will release its Monetary Policy Meeting Minutes. The minutes are expected to show policymakers are supporting a July rate cut. On Wednesday, the U.S. Federal Reserve is expected to leave its benchmark interest rate unchanged at 2.50%, but could issue a dovish monetary policy, Early Thursday,

The U.S. Federal Reserve is expected to leave its benchmark interest rate unchanged at 2.50%, but could issue a dovish monetary policy, which hints at a rate cut in July. Investors will be looking for clues for an easing of monetary policy later this year.

The unease across financial markets has intensified the oil markets recent sell-off.

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As we mentioned last week, Gold should at minimum be on everyone’s radar if not in everyone portfolio. After the break of the psychological $1350, Gold is reclaiming its rightful status as a must-have asset in everyone’s investment portfolio.

Over the long-run a direct U.S.-Iran conflict would likely lead to the shutdown of the Strait of Hormuz. This poses a higher risk of oil-supply disruption, which could lead to sharply higher prices. Therefore, we may continue to see attacks, but until there is a military response to the attacks,

Energy shares weighed on the broader market

Injections are rising at a robust rate

Strong retail sales revisions weigh on gold prices

The real reason for the surge in gold prices are concerns over a weakening global economy following a report of lower Chinese industrial output growth to a more than 17-year low of 5% in May, and lower than expected retail sales data in the United States.

Prices are also trading lower in response to weaker than expected economic data from China, which raised concerns over a slowing global economy and lower future demand.

EUR/USD seems to have fallen into a range below 1.1280 ahead of US retail sales which are scheduled for release today. I expect some volatility from the release, but I think the markets will be more focused on the Fed who are scheduled to meet next week.

Volatility has slowed in GBP/USD despite some recent headlines out of the UK. The pair trades near an important inflection point and traders will look to US retail sales to see if it can introduce some volatility

Crude prices slipped 3.2% last night as demand appeared to fade. Yesterday, more than 600 US Companies wrote a letter to President Trump requesting to resolve the trade dispute with China.

Wednesday’s trading session was slightly bearish, as investors took more short-term profits off the table following the recent advances. However, the daily trading range was very narrow. The S&P 500 index reached the new local high on Tuesday and then it came back below the 2,900 mark. So was it

U.S. consumer inflation has moderated recently. Trade wars go on. What the Fed will do now? Let’s not forget the recent ECB monetary policy meeting. It carries implications for both EUR/USD and gold. Just what are they?

Inflation in the US continues to ease

Inventories rose less than expected

Short term momentum has turned positive