Forecasts & Analysis | , Page 4
E-mini S&P 500 Index (ES) Futures Technical Analysis – Major Downside Target Zone is 3305.00 – 3283.25
Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at 3339.50.
USD/JPY Price Forecast – US Dollar Pulls Back to End Week Against Japanese Yen
The US dollar pulled back from the ¥112 level during the day on Friday as perhaps a bit of profit-taking was going on heading into the weekend, but Manufacturing PMI figures missing out of the US doesn’t help either.
GBP/JPY Price Forecast – British Pound Recovers After Initially Falling
The British pound had initially fallen against the Japanese yen, but then turned around to show signs of strength yet again as we continue to press the ¥145 level.
EUR/USD Price Forecast – The Euro Looking for Stability
The Euro has rallied a bit during the trading session on Friday, showing signs of stability near the 1.08 level. It has reached towards a major gap, so that makes a bit of sense.
AUD/USD Price Forecast – Australian Dollar Trying to Recover
The Australian dollar has rallied after initially falling during the day on Friday, as traders are starting to do a bit of short cover trading going into the weekend.
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
EUR/USD Mid-Session Technical Analysis for February 21, 2020
Based on the early price action and the current price at 1.0807, the direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to the downtrending Gann angle at 1.0795.
Should Investors Worry about Repo Market and Buy Gold?
Teaser: $500 billion. This is the sum the Fed has already pumped into the repo market since the crisis there started. We invite you to read our today’s article, which examines the situation in the US repo market.