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Colin First
11 hours ago

USD/CAD Daily Fundamental Forecast – December 08, 2016

USDCAD consolidated for most of the day as it continued to trade within a small range as it waited for the BOC rate decision later on in the day. There was a talk in a small section of the market which expected the BOC to throw a surprise and cut the rates but alas, that … Continue reading USD/CAD Daily Fundamental Forecast – December 08, 2016

Colin First
11 hours ago

DAX Daily Fundamental Forecast – December 08, 2016

The DAX index finally broke through the strong resistance around the 10800 region and this triggered a lot of stops and kept pushing the index higher and higher as a result. The index rests above 11000 at close of the day, up about 2% from the previous day. We have been warning about this impending … Continue reading DAX Daily Fundamental Forecast – December 08, 2016

Colin First
11 hours ago

GBP/USD Daily Fundamental Forecast – December 08, 2016

GBPUSD turned out to be one of the weakest pairs in trading yesterday as several factors contributed to the weakening of the pound during the course of the day. On the data side, the Manufacturing Data came in at a weak -1.3% against the expected value of 0.2% and this was a real shocker as … Continue reading GBP/USD Daily Fundamental Forecast – December 08, 2016

Colin First
12 hours ago

EUR/USD Daily Fundamental Forecast – December 08, 2016

EURUSD again had a day of consolidation and ranging yesterday though the US session was more lively than the Asian and the London session as the dollar weakened across the board and this helped the pair to move up above 1.0750. The dollar weakened as the yields dropped during the NY session and the bulls … Continue reading EUR/USD Daily Fundamental Forecast – December 08, 2016

James Hyerczyk
15 hours ago

Natural Gas Fundamental Forecast – December 8, 2016

Despite a rapidly approaching Artic Blast, natural gas futures paused after new buyers refused to drive the market through a key retracement zone and into the psychological $4.00 level.  The rally took the market to its highest its highest level since December 2014, but instead of attracting aggressive buyers, investors took profits while awaiting further … Continue reading Natural Gas Fundamental Forecast – December 8, 2016

James Hyerczyk
15 hours ago

Gold Fundamental Forecast – December 8, 2016

Gold traders ignored the sharp rise in U.S. equity prices on Wednesday and focused on the weaker U.S. Dollar ahead of Thursday’s European Central Bank meeting, helping to drive the market higher into the close. The move also suggests that next week’s Fed rate hike has already been priced into the market. February Comex Gold … Continue reading Gold Fundamental Forecast – December 8, 2016

James Hyerczyk
15 hours ago

USD/JPY Fundamental Forecast – December 8, 2016

The Dollar/Yen posted an outside move and lower close on Wednesday despite the stronger U.S. equity markets. This suggests the correlation between demand for higher risk assets and lower risk assets may be waning. This may not mean the trend is getting ready to turn down, but it does signal a loss in upside momentum … Continue reading USD/JPY Fundamental Forecast – December 8, 2016

James Hyerczyk
15 hours ago

S&P 500; US Indexes Fundamental Forecast – December 8, 2016

After several days of consolidation and a slow drift higher, the U.S. major indexes finally broke out to the upside on Wednesday. Some say the catalyst behind the price surge was the anticipation of further stimulus from the European Central Bank on Thursday. In the cash market, all three major indexes hit new all-time highs. … Continue reading S&P 500; US Indexes Fundamental Forecast – December 8, 2016

James Hyerczyk
15 hours ago

AUD/USD and NZD/USD Fundamental Forecast – December 8, 2016

Increased demand for higher risk assets and a weaker U.S. Dollar helped drive the Australian and New Zealand Dollars higher on Wednesday. The AUD/USD closed at .7481, up 0.0021 or +0.29%. The NZD/USD finished the session at .7162, up 0.0043 or +0.60%. The Australian Dollar sold-off early in the session after the government reported that … Continue reading AUD/USD and NZD/USD Fundamental Forecast – December 8, 2016

James Hyerczyk
15 hours ago

Oil Fundamental Forecast – December 8, 2016

Crude oil prices closed lower on Wednesday on concerns that production cuts pledged by OPEC and Russia will not be enough to reduce the supply glut in a timely fashion and as U.S. fuel stockpiles rose. U.S. West Texas Intermediate crude oil futures closed at $49.77, down $1.14 or -2.24%. North Sea Brent crude oil … Continue reading Oil Fundamental Forecast – December 8, 2016

Colin First
yesterday

DAX Daily Fundamental Forecast – December 07, 2016

The DAX continued the momentum that it had gained on Monday by pushing through large selling and posting range highs at 10840 which will be key for its further progress as far as the bulls are concerned. We have been mentioning in many of our forecasts that a clear break and retest of the previous … Continue reading DAX Daily Fundamental Forecast – December 07, 2016

Colin First
yesterday

USD/CAD Daily Fundamental Forecast – December 07, 2016

Like most of the other currency pairs, the USDCAD also spent the day consolidating and ranging and closely following the oil prices during the course of the day. As we had mentioned in our forecast yesterday, the oil prices corrected a bit during the day and this helped to weaken the CAD and provide some … Continue reading USD/CAD Daily Fundamental Forecast – December 07, 2016

Colin First
yesterday

GBP/USD Daily Fundamental Forecast – December 07, 2016

GBPUSD, like most of the dollar related pairs yesterday, spent most of the day in a ranging and consolidation mode only on either side of 1.27, something which we had said in our forecast yesterday. There was no major news from the UK to push the pair on either side and so like the rest … Continue reading GBP/USD Daily Fundamental Forecast – December 07, 2016

Colin First
yesterday

EUR/USD Daily Fundamental Forecast – December 07, 2016

The EURUSD chose to spend yesterday consolidating in a tight range as there was no economic news to push the pair in either direction and there was also no continuation of the move that we had seen the previous day. The fact that the pair continues to trade above 1.0680 should give a lot of … Continue reading EUR/USD Daily Fundamental Forecast – December 07, 2016

James Hyerczyk
2 days ago

Natural Gas Fundamental Forecast – December 7, 2016

Natural gas futures rallied early in the session on Tuesday to a two-year high, but buying was scarce near the high and the market ended slightly lower for the session. Traders were reacting to the colder weather forecasts and rising demand expectations on the early move. However, concerns over value or perhaps a new weather … Continue reading Natural Gas Fundamental Forecast – December 7, 2016

James Hyerczyk
2 days ago

Gold Fundamental Forecast – December 7, 2016

Gold futures traded lower on Tuesday, but the market saw limited price action, probably due to position-squaring after Monday’s volatile two-sided trading session. The dollar-denominated asset was likely underpinned by the weaker U.S. Dollar, but the upside may have been limited by firm U.S. Treasury yields and rising equity indexes. February Comex Gold futures finished … Continue reading Gold Fundamental Forecast – December 7, 2016

James Hyerczyk
2 days ago

Oil Fundamental Forecast – December 7, 2016

Crude oil fell on Tuesday as investors took profits on concerns over production cuts. The lower close broke the market’s 4-day winning streak. Rising production in December by OPEC and Russia suggests that the fuel glut will last well into 2017 even with the planned production cuts to begin in January. January West Texas Intermediate … Continue reading Oil Fundamental Forecast – December 7, 2016

James Hyerczyk
2 days ago

S&P 500; US Indexes Fundamental Forecast – December 7, 2016

U.S. equities rallied on Tuesday with the Dow closing a new all-time high as Trump’s post-election rally continued. Volume was below average and the ranges tight, however, as investors had little reaction to fresh U.S. economic data while waiting for Thursday’s European Central Bank meeting and next week’s U.S. Federal Reserve interest rate announcement. In … Continue reading S&P 500; US Indexes Fundamental Forecast – December 7, 2016

James Hyerczyk
2 days ago

USD/JPY Fundamental Forecast – December 7, 2016

After Monday’s volatile move, Dollar/Yen traders took a breather on Tuesday, pushing the Forex pair slightly higher. The market is also trading higher for the week after a technical signal last week indicated the market may be ripe for a near-term correction. The USD/JPY closed at 114.027, up 0.185 or +0.16%. The direction of the … Continue reading USD/JPY Fundamental Forecast – December 7, 2016

James Hyerczyk
2 days ago

AUD/USD and NZD/USD Fundamental Forecast – December 7, 2016

The Australian and New Zealand Dollars finished lower against the U.S. Dollar on Tuesday in a lackluster trade. The AUD/USD closed at .7459, down 0.0012 or -0.16%. The NZD/USD ended the session at .7119, down 0.0022 or -0.31%. The Aussie drifted sideways to lower most of the session in reaction to the Reserve Bank of … Continue reading AUD/USD and NZD/USD Fundamental Forecast – December 7, 2016

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