Forecasts & Analysis | Indices, Page

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold Bulls Need the Dollar to Weaken, or Stocks to Plunge

    Gold is trading flat shortly before the regular session opening on Friday. The market is being underpinned by renewed political and economic concerns including China’s weak economic growth reported earlier in the session. Traders are also monitoring stock market activity which could affect gold’s appeal as a safe-haven asset. Additionally,

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Short-Covering, Profit-Taking Underpinning Prices

    U.S. West Texas Intermediate and International-benchmark Brent crude oil futures are trading higher shortly before the regular session opening. The markets are trading inside yesterday’s range which suggests investor indecision and impending volatility. It could also be suggesting that traders are transitioning for a counter-trend move. Nonetheless, U.S. and Brent

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  • James Hyerczyk
    James Hyerczyk

    NZD/USD Fundamental Daily Forecast – Reversing Earlier Weakness on China Market Rebound

    The New Zealand Dollar is trading higher on Friday, reversing earlier weakness. The currency turned higher on the back of data that showed China’s economy grew 6.5 percent in the third quarter, a tick short of forecasts and the slowest pace since the global financial crisis. Buyers could also be

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Fundamental Daily Forecast – Trader Reaction to .7101 Likely to Set the Tone on Friday

    The Australian Dollar is trading higher against the U.S. Dollar on Friday after reversing earlier weakness. Traders are likely reacting to fresh economic data from China, but the bigger picture is being controlled by U.S. Treasury yields and demand for risky assets. The currency is currently straddling the mid-point of

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  • Bob Mason
    Bob Mason

    Monero Technical Analysis – Bucking the Trend – 19/10/18

    Key HighlightsMonero’s XMR slid by 2.33% on Thursday, following Wednesday’s 1.66% decline to end the day at $102.15.A bullish start to the day saw Monero’s XMR break through the first major resistance level at $105.52 with an intraday high $105.8.A reversal saw Monero’s XMR fall through the first major support

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 19/10/18

    Bitcoin Cash Hits ReverseBitcoin Cash fell by 3.32% on Thursday, following on from a 1.68% decline on Wednesday, to end the day at $446.2.A bullish start to the day saw Bitcoin Cash break through the day’s first major resistance level at $469.93 to an early morning intraday high $471 before

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Pressured by Slight Shift in Weather Forecast, Neutral EIA Report

    Natural gas futures finished lower on Thursday as weekly government storage data fell largely in line with trader expectations despite reports of strong demand. Weather reports showing an easing of cold temperatures also weighed on prices. The inability to exceed last week’s multi-month high also led to profit-taking as speculative

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets pulled back slightly to kick off Thursday

    The S&P 500 has shown signs of picking up during the trading session on Thursday, as the bullish candle from Tuesday still seems to be an area where buyers are willing to come in and pick this market up. If that’s the case, then I think that we will continue

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets pulled back to find buyers

    The Silver markets continue to find resistance at the $15 level, while they will also find significant support at the $14 level. Ultimately, this market continues to go back and forth but I think silver is trying to form a bit of a base. At this point, I think if

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets pulled back on Thursday to find support

    The WTI Crude OilThe WTI Crude Oil market has rallied significantly during the trading session on Thursday after initially falling down to the 61.8% Fibonacci retracement level, or the $68.60 level. Overall, it looks as if we are trying to form a bit of a hammer on the daily chart,

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets fall on Thursday

    Natural gas markets fell rather hard during the day on Thursday, as the inventory numbers came in roughly as we expected. Because of this, there was no further catalyst to continue going higher in what is already in the overbought market. I think that the market probably pulls back towards

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold hangs onto gains

    Gold markets rallied, breaking towards the $1225 level recently, but since then we have gone sideways. This is a very bullish sign though, because it shows us that the market is comfortable hanging onto the gains from the move last week. If that’s the case, then it shows real resiliency

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar sideways against yen

    The US dollar has gone sideways against the Japanese Yen overall during the trading session on Thursday, as we continue to try to digest the gains as we broke above the ¥112.50 level just the other day. That of course is a bullish sign, as we have bounced from the

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound sideways against dollar

    The British pound continues to hover around the 1.31 handle as the Americans take the baton for the Thursday session. The market looks likely to try to rally from here, perhaps reaching back towards 1.3250 level. Beyond that, the 1.30 level underneath is massive support, and I think that a

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound choppy against yen on Thursday

    The British pound has chop around against the Japanese yen during trading on Thursday, as we hover around the ¥147.50 level at the time of writing. The market looks like it is trying to respect the That has since been filled, so we could get a bit of a bounce.

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – EUR shows signs of weakness again on Thursday

    The Euro fell again during the trading session on Thursday after initially looking bullish, but there is a significant amount of support below. Because of this, I think this is a short-term phenomenon, but the shooting star the four hour chart that sent this market lower of course is a

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Australian dollar pulls back after initially rallying on Thursday

    The Australian dollar initially took off to the upside during the trading session on Thursday but could not break out above the 0.7150 level, as we continue to grind overall. However, the market looks as if it is trying to grind to the upside, but obviously fighting the overall trend.

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  • David Becker
    David Becker

    Natural Gas Price Prediction – Profit Taking Following Inventory Release Weighs on Prices

    Natural gas prices moved lower on Thursday mid-day as traders took profit following an in line inventory report released earlier in the day by the Department of Energy.  The trajectory of injections remains subdued which will put the US at a year over year deficit when the withdrawal season begins

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Moves Higher Despite Robust Jobs Data

    Gold prices moved higher on Thursday as US yields whipsawed initially moving higher following a stronger than expected jobless claims report.  With claims close to a 59-year low, wages should begin to move higher which is why the Fed in its meeting minutes said that it was likely to move

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  • Lukman Otunuga
    Lukman Otunuga

    Sterling Turns Blind eye to weak UK Retail Sales

    Open your FXTM account todayThe fairly muted response in the British Pound to the disappointing retail sales data for September reaffirms once again that Brexit headlines take precedence over domestic economic fundamentals for currency volatility.Retail sales tumbled sharply last month, printing well below market expectations at -0.8% thanks to a

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