Forecasts & Analysis |
Natural Gas Price Fundamental Daily Forecast – Stable as Traders Await the Next Major Catalysts
Looking ahead to next week, early estimates call for a modest build that reflects the intense heat cooking the western United States in June, according to NGI.
FOMC Sees Two Rate Hikes in 2023. Gold Didn’t Like It!
The newest Fed’s statement and dot-plot indicated a much more hawkish tone among the FOMC members than the markets expected, and gold dropped.
Gold: The Fed Wreaked Havoc on the Precious Metals
Gold declined on Wednesday, or I should say, it rushed down at breakneck speed. And while it might have been a surprise for some, it wasn’t for me.
Adobe Shares Hit New Record High After Earnings Beat Estimates; Analysts Raise Target Price
Adobe shares scaled its fresh all-time high on Friday after the U.S. multinational computer software company reported better-than-expected earnings and revenue in the fiscal second quarter, prompting several analysts to raise their one-year price targets.
Oil Price Fundamental Daily Forecast – Traders Concerned Hawkish Fed May Curtail Demand Growth
Traders may be using this week’s hawkish tone in the Fed’s monetary policy statement as an excuse to book profits after posting a 17-day rally.