Forecasts & Analysis | Fundamental

The GBPUSD pair ripped higher on hawkish comments from Carney yesterday and like a similar time a couple of weeks back, the BOE has once again managed to save the pound from falling further. The same thing happened a couple of weeks back, when the pound was in a free fall due to the results … Continue reading GBP/USD Daily Fundamental Forecast – June 29, 2017

It was a volatile day of trading in the EURUSD pair as the spate of news continue to flow in from the different parts of the world and this has been pushing and pulling the various currencies in different directions. This should come as a surprise to a lot of traders who would have expected … Continue reading EUR/USD Daily Fundamental Forecast – June 29, 2017

The EUR/USD whipsawed following ECB officials suggesting markets misjudged Draghi comments. According to reports citing unnamed ECB policy makers Draghi’s speech yesterday was intended to strike a balance between recognizing economic strength and warning that monetary support is still needed. So, after Draghi’s reference to possible policy changes served as a reminder that tapering announcements … Continue reading EUR/USD Daily Technical Analysis for June 29, 2017

Crude oil prices continued to rebound on Wednesday despite an unexpected build in crude oil inventories compared to the draw that was expected.  It appears that managed money moved out of their long positions in futures and options over the past few weeks, allowing prices to rebound.  Demand continues to remain subdued, especially gasoline which … Continue reading Crude Oil Price Analysis for June 29, 2017

We had mentioned in our forecast yesterday that the bitcoin prices are likely to fall further on fundamental and technical factors and this is what we saw for the first half of the day yesterday. But this was soon followed by  a recovery in the prices which has since pushed the prices steadily higher on … Continue reading Bitcoin Price Forecast – Focus on the Dollar

Gold Gold prices spent the day in a form of consolidation which should come as a surprise to the bulls who would have expected the prices to move up very strongly on the back of some dollar weakness that we have been seeing over the last 24 hours. We have also seen the stock markets … Continue reading Commodities Daily Forecast – June 28, 2017

GBP/USD: Pound Continues to Gain Bank of England Governor Mark Carney said the U.K central bank is prepared for all scenarios regarding Brexit ramifications yesterday. The Pound gained against the U.S Dollar and has traversed above the 1.28 mark. Mark Carney will be speaking again today in Portugal. The Pound has done well early this … Continue reading Daily Market Forecast, June 28, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

EUR/USD The pair shot up higher and showed a bullish trend. Going forward, traders can expect the market to go higher. Due to the ECB President Draghi’s speech on monetary policy coupled with the central bank’s events in the United States, the dollar fell and caused the Euro to rise higher in the last 24 … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 28, 2017

The major U.S. stock indexes finished lower on Tuesday as investors reacted to weakness in the tech sector and the news that the Republicans postponed the vote on healthcare reform until after the July 4 recess. In the cash market, the benchmark S&P 500 Index closed at 2419.38, down 19.69 or -0.81%. The blue chip … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Downside Momentum is Building

The Dollar/Yen closed higher on Tuesday with the rally fueled by talk of higher interest rate in the Euro Zone and the United States. The USD/JPY settled at 112.341, up 0.484 or +0.43%. Tuesday’s rally was triggered initially by hawkish comments from European Central Bank President Mario Draghi. It was further supported later in the … Continue reading USD/JPY Fundamental Daily Forecast – Favorable Interest Rate Differential Providing Support

The DAX index fell through yesterday on the back of weak stock markets all around the world and also due to the general risk off mode in the markets which led to a sell off in the stock markets. Though the ECB struck a very positive note on the Eurozone economy, this wasnt enough for … Continue reading DAX Index Daily Fundamental Forecast – June 28, 2017

The USDCAD pair finally broke through the 1.32 support region during the course of the last 24 hours on the back of strength from the CAD and weakness in the USD which was seen all across the board. This now sets the stage for the pair to move towards the 1.31 region and then further … Continue reading USD/CAD Daily Fundamental Forecast – June 28, 2017

The Australian and New Zealand Dollars posted a volatile, two-sided trade on Tuesday before settling lower. Hawkish comments from European Central Bank President Mario Draghi suggested the ECB may begin lifting stimulus and raise interest rates. Hawkish comments from Philadelphia Fed President Patrick Harker also helped underpin the U.S. Dollar. The reason this news is … Continue reading AUD/USD and NZD/USD Fundamental Daily Forecast – Pressured by Monetary Policy Divergence

The GBPUSD pair had moved steadily higher, helped by the rise in the Euro and also helped by the fact that there has not been anything adverse happening in the UK over the past 24 hours. For a country that has been witnessing a lot of political and economic turmoil, it should indeed be considered … Continue reading GBP/USD Daily Fundamental Forecast – June 28, 2017

The EURUSD pair ripped higher on hawkish comments from Draghi and also a combination of events in the US which has caused the dollar to fall across the board during the course of the last 24 hours. The pair has risen by over 160 pips over the last 24 hours and finally, all the bullishness … Continue reading EUR/USD Daily Fundamental Forecast – June 28, 2017

Gold prices finished marginally higher in limited trading as investors sat on the sidelines after Monday’s steep sell-off and yesterday’s volatile Forex trade. Mixed news probably led to the low volume and tight range. August Comex gold finished the session at $1246.90, up $0.50 or +0.04%. The U.S. Dollar Index plunged on Tuesday, however, this … Continue reading Price of Gold Fundamental Daily Forecast – Rising Treasury Yields Will Cap Gold Prices

Profit-taking and quarterly position-squaring helped crude oil prices surge nearly 2 percent on Tuesday. Most of the price action was driven by short-covering with some by aggressive counter-trend buyers playing for a bullish U.S. Energy Information Administration (EIA) inventories report on Wednesday. August West Texas Intermediate crude oil futures settled at $44.24, up $0.86 or … Continue reading Oil Price Fundamental Daily Forecast – Lower After API Report Shows Surprise Build

Natural gas futures posted another higher-high on the daily chart on Tuesday as the market rapidly advanced toward a pair of tops at $3.102 and $3.127. These prices are very important because they may be the trigger points for an acceleration to the upside. August natural gas futures settled at $3.064, up $0.015 or +0.49%. … Continue reading Natural Gas Price Fundamental Daily Forecast – Weather Related Move May Have Run Its Course

Oil prices moved higher on Tuesday for the 4th consecutive trading session as prices bounced ahead of Wednesday inventory report from the Department of Energy.  The long liquidation that ensued over the prior 2-weeks reduced long position by hedge funds, helping the markets gain neutrality.  Now that hedge funds are out of the market on … Continue reading Oil Price Analysis for June 28, 2017

After trading relatively flat most of the session, the blue chip Dow Jones Industrial Average and benchmark S&P 500 Index are finally rolling over to the downside in response to comments from Fed Chair Janet Yellen and the news that Senate Republicans will delay the vote on the health-care bill until after the Fourth of … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Stocks Tumble as Republicans Delay Health Care Reform Vote