Forecasts & Analysis | , Page 1
USD/JPY Fundamental Daily Forecast – Direction Dictated by Demand for Risk, Treasury Yields
The USD/JPY is likely to continue to be influenced by trader demand for risky assets and the direction of Treasury yields.
AUD/USD and NZD/USD Fundamental Daily Forecast – Weakening Yuan Dragging Aussie, Kiwi Lower
What happens in China with regards to the coronavirus will determine the direction of the Aussie and Kiwi.
Oil Price Fundamental Daily Forecast – Speculators Still in Control; Professionals Looking for Value
We’ve said since the start that with a sell-off fueled by speculators, the market will go down until it hits a value area attractive enough for the professionals to find value.
Silver Price Prediction – Prices Attempt to Rally on Coronavirus Scare
Silver prices attempted to push higher, but prices were rejected at higher levels. While the coronavirus has added volatility and uncertainty as it pertains to growth, the safe haven natural of silver demand helped buoy prices.Gold continued to rally, breaking out of a cup and handle pattern, but this was
Price of Gold Fundamental Daily Forecast – Likely to be Bid as Coronavirus Fears Intensify
With an incubation period for the virus of up to two weeks, the lockdowns in China could last for several weeks. This could put a negative impact on the major financial markets, while driving investors into gold for protection.
Natural Gas Price Fundamental Daily Forecast – Uncertain Weather Forecasts Keeping Lid on Prices
We’re looking for a sideways to lower trade until all the models agree on colder temperatures. Technically, taking out $1.957 could trigger a short-covering rally with $2.033 the first upside target.