Forecasts & Analysis | , Page 1
USD/JPY Fundamental Weekly Forecast – Investors Questioning Yen’s Worth as Safe-Haven Asset
Why did the Japanese Yen weaken last week? Japan’s economy is flirting with recession and the coronavirus could put it over the edge. Last week’s data serves as proof that the virus is likely to stamp out hopes for an economic recovery in the first quarter and investors lost confidence
AUD/USD and NZD/USD Fundamental Weekly Forecast – Pressured by Growing Fears of Virus’ Economic Fallout
Even if reports start to show the virus outbreak receding, global growth is still set to fall to zero in the first quarter. A near-term hit to the Australian and New Zealand economies looks unavoidable.
Oil Price Fundamental Weekly Forecast – Industry Preparing for Demand Shock Due to Coronavirus
Even if the outbreak begins to recede, the damage is done, which means crude oil demand growth will take a near-term hit before bouncing back over the remainder of the year.
AUD/USD and NZD/USD Fundamental Daily Forecast – Short-Covering Rally Driven by Disappointing US PMI Data
The price action suggests AUD/USD and NZD/USD traders were heavily over-weighted to the downside and needed to rebalance after U.S. Treasury yields plunged following the release of the weaker-than-expected U.S. Manufacturing and Services PMI reports.
USD/JPY Fundamental Daily Forecast – Coronavirus Driving Japan’s Economy to Recession
Japan’s economy shrank 1.6% in the fourth quarter of 2019, according to a government estimate released on February 17. The decline from the third quarter is the biggest contraction since 2014.
Natural Gas Price Prediction – Prices Slip but Close up Nearly 4% for the Week
Natural gas prices whipsawed for a second consecutive trading session initially testing lower levels and then rebounding to close the session -0.6%. For the week, prices rallied nearly 4% but well of the highs of the week. This follows Thursday’s outside day reversal pattern is a negative sign. The weather
Gold Price Prediction – Prices Surge as Option Traders Cover Short Call Positions
Gold prices surge as concerns over the spread of the coronavirus continued to buoy the yellow metal. Prices stormed higher rising by nearly 2% but is up more than 4% for the week. Gold implied volatility, which is represented by the GVZ index calculated by the Chicago Board of Options
Natural Gas Price Fundamental Daily Forecast – Weakens Under $1.878, Strengthens Over $1.928
The direction of the April natural gas futures market on Friday is likely to be determined by trader reaction to the 50% level at $1.928 and the Fibonacci level at $1.878.