Forecasts & Analysis | Fundamental

Crude oil prices broke out on Tuesday as news that the Saudi’s planned on reducing exports by 1-million barrels helped lift crude oil above resistance. The Saudi’s are targeting exports to the United States which show up in the inventory report released by the Department of Energy on a weekly basis. With these numbers coming … Continue reading Crude Oil Price Analysis for July 26, 2017

Eurozone yields jumped higher with European equity markets in the wake of record beating German Ifo confidence readings. The headline Ifo may overstate growth prospects, but coupled with comments from ECB’s Mersch, who was more optimistic on both growth and inflation, markets were reminded that tapering is still looming on the horizon. Inflation remains moderate … Continue reading EUR/USD Daily Technical Analysis for July 26, 2017

Gold The market is trying to go higher in every trading session. The market fell initially but found enough support around the $1250 level and turned around to break above the $1255 level. Dips should be considered a good opportunity to buy into the market as trouble in the dollar will continue for some time … Continue reading Commodities Daily Forecast – July 25, 2017

EUR/USD The pair went through sideways movements on yesterday’s trade and went down towards 1.1625 level which is a support zone also. The market is consolidating before beginning any upward movement. The market will provide traders with a opportunity to buy in dips as the market seems fairly overbought. The 1.15 level is a strong … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 25, 2017

GBP/USD: Reversal Opportunities Today The Pound has continued to hold it higher ground against the U.S Dollar above the 1.30 level. Growth numbers will come from the U.K on Wednesday and in combination with the U.S Federal Reserve’s monetary policy tomorrow, the Pound may continue to see a rather tight range in the coming twenty … Continue reading Daily Market Forecast, July 25, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

U.S. equity markets are trading lower during the pre-market session as investors digest the earnings report from Alphabet, Google’s parent, which were released after the close on Monday. Investors are also preparing for Wednesday’s Fed interest rate decision and monetary policy statement. Investors widely expect the central bank to leave interest rates unchanged, but are … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Big Week for Earnings including Facebook and Amazon

The USDCAD pair continues to weaken over the last 24 hours and despite the fact that the dollar did try to make some sort of a recovery against certain other currencies, it has not been able to do anything against the CAD and continues to get slaughtered. The pair is clearly oversold but those in … Continue reading USD/CAD Daily Fundamental Forecast – July 25, 2017

The DAX index corrected further yesterday and for a brief while, it seemed as though the index would be totally routed as it dipped below the 12200 support mark. But some strong buying later in the day helped it to recover above the 1220 mark by the end of the day and this has helped … Continue reading DAX Index Daily Fundamental Forecast – July 25, 2017

We had mentioned in our forecast yesterday that the bitcoin prices are likely to consolidate and range near their range highs in the short term and that is what has been happening over the past 24 hours. We are back near the highs of its range, where we were at the beginning of the month, … Continue reading Bitcoin and Ethereum Price Forecast – Prices Continue Consolidation

The GBPUSD pair has consolidated and ranged over the past 24 hours but so far, it looks to be well supported. This could imply that the pair is getting ready to make a move upwards as we are seeing some strong support in the 1.30 region but with the month end looming ahead and with … Continue reading GBP/USD Daily Fundamental Forecast – July 25, 2017

It was a mixed and choppy day of trading in the markets in general with no specific direction. This was generally expected way of trading on the first day of the last week of the month. Generally, there is a lack of economic data and events during the last week of the month and so … Continue reading EUR/USD Daily Fundamental Forecast – July 25, 2017

The Dollar/Yen spiked through a support level early Monday before erasing most of the loss throughout the session. Nonetheless, the buying was not strong enough to trigger a reversal into the close and the Forex pair closed lower. The USD/JPY settled at 111.095, down 0.022 or -0.02%. The early selling pressure was attributed to a … Continue reading USD/JPY Fundamental Daily Forecast – BOJ Minutes Show Policymakers Discussed Disclosure of Exit Strategy

The Australian and New Zealand Dollars finished mixed on Monday as investors continued to digest the events from last week involving the Reserve Bank of Australia and whether it hinted in the minutes from its July monetary policy meeting that it was preparing to raise rates sooner than expected. The AUD/USD settled at .7923, up … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Underpinned by Positive Outlook for China from IMF

Comex gold futures hit a one-month high on Monday before sellers came in to drive the market lower at the close. The market was supported early in the session by a weaker dollar and worries about the political uncertainty in the U.S. The sell-off late in the session was attributed to a rebound in the … Continue reading Price of Gold Fundamental Daily Forecast – Traders May Square Positions Ahead of Fed Announcements

U.S. West Texas Intermediate and international-benchmark crude oil futures rose on Monday after OPEC’s biggest producer, Saudi Arabia, pledged to cut exports in August to help reduce the global crude glut. According to a report, Saudi Energy Minister Khalid al-Falih said his country would limit crude oil exports at 6.6 million barrels per day (bpd) … Continue reading Oil Price Fundamental Daily Forecast – Rangebound: Underpinned by Saudi Pledge to Cut Exports, Lack of Deeper Cuts Caps Prices

Natural gas futures plunged to a two-week low on Monday, continuing the downside momentum which began late last week. The selling pressure was related to forecasts for less cooling demand through early August than previously forecast. Prices also fell for the fourth straight session, the market’s longest losing streak since early July. September Natural Gas … Continue reading Natural Gas Price Fundamental Daily Forecast – Less Cooling Demand Expected Through Early August

WTI crude futures were up 1.3%, at $46.38. The front-month contract closed near its highs, which was just shy of a 50% retracement of Friday’s 2.5%-odd decline. Saudi’s oil minister said earlier that his country may curtail output to 6.6 million barrels per day during August, which would be nearly 1 million below the production … Continue reading Crude Oil Price Analysis for July 25, 2017

Eurozone yields moved lower as the dollar gain traction with 10-year Bund yields falling below 0.50% and Eurozone spreads narrowing after weaker than expected PMI readings underpinned Draghi’s reluctance to commit to QE tapering just yet. The renewed dip in long yields is weighing on the currency pair, but comments from Mersch  Monday confirmed that … Continue reading EUR/USD Daily Technical Analysis for July 25, 2017

The GBP/USD pair is trading at 1.3041, up 0.36% on Monday morning. From the GBP/USD daily chart, it is apparent that the current level of the cable is trading close to the September 23, 2016 level. At that point, the GBP was trading at 1.31207. The fact the the pound remains bullish against the greenback is … Continue reading Slowly But Surely, the Pound Rises Against US Dollar

Gold The gold market was very bullish on Friday’s trade and went above the $1255 level. This is a strong sign of market likely going towards $1300 level. The dollar is trading at 14-month low level is supporting the prices and $1250 will be the support in this market. Buying on pullbacks will be an … Continue reading Commodities Daily Forecast – July 24, 2017