Forecasts & Analysis |
Oil Price Fundamental Daily Forecast – Mixed Trade but Bearish News Outweighing Bullish News
Adding to the bearish sentiment was the progress on negotiations between Iran and world powers to resurrect the 2015 nuclear accord.
Gold Price Prediction – Prices Slip as the Dollar Gains Traction
Gold prices reversed course on Thursday as the dollar gained traction and US yields moved lower. The Biden Administration accounted that they planned to raise taxes on capital gains which weighe on equity prices, and helped the yellow metal remain buoyed. Jobless claims were stronger than expected but failed to
Alphabet Could Hit New All-Time High on Strong Q1 Earnings; Target Price $2,461
Alphabet, the parent of Google, the world’s largest search engine that dominates internet search activity globally, is expected to report its first-quarter earnings of $15.54 per share, which represents year-over-year growth of over 57% from $9.87 per share seen in the same quarter a year ago.
Natural Gas Price Fundamental Daily Forecast – Main Trend Up; Strengthens Over $2.868, Weakens Under $2.802
The EIA reported on Thursday that domestic supplies of natural gas rose by 38 billion cubic feet (Bcf) for the week-ended April 16.
Price of Gold Fundamental Daily Forecast – Central Bank Rate Hike Chatter Weighing on Prices
The direction and the price action will ultimately be determined by whether investors will continue to be willing to chase the market higher.