Forecasts & Analysis, Page 2

On Monday, gold prices are recovering from their lows following the release of a weaker-than-expected Empire State Manufacturing Index report. It came in at -8.6, well below the 12.1 forecast and 17.8 previous read. We’re not expecting major moves in Treasury yields or the stock market ahead of the Fed

While the inside trade may indicate opinions are mixed about the catalysts behind the price action, the lower trade suggests expectations of lower demand are outweighing supply fears being generated by Iran’s potential involvement in the attacks on oil tankers in the Gulf of Oman last week.

The concern for traders is not likely whether the Fed cuts rates or not at the June meeting, but how dovish it comes across for cuts in July or September. The market has been driving Treasury yields lower due to uncertainty over trade and geopolitics, the economy has been steady

Last week’s economic reports were mixed but the reduction in the chances of a June rate cut indicates that investors don’t expect a rate cut from the Fed at this meeting because the economy is still relatively strong. Some investors feel the need for a rate cut has been driven

Not too surprising ahead of the key FOMC meeting markets are opening tentatively this morning, with equity futures pointing to small losses in Asia as trader pivot to what can best be described as a tricky balancing act when the Federal Reserve Board meets later in the week.

We can look back at recent themes in global markets to set a platform and a stage 2H19 in FX markets. And, there is always merit in that, because when we consider what seems to be brewing and the massive implications for FX markets, then, we can assess the trigger

Dear Traders,The EUR/USD has hit the strong support at 1.1201 and bounced, making a retracement pattern. We can spot two POC zones.–>The first POC zone is 1.1230-40. It is slightly below the W L3 camarilla pivot which serves as resistance. If the W L3 breaks the price might go to

Ahead of the day, the Greenback might show some good upward movements making the Index touching the 2/1 Gann fan. Oil prices dropped after the statement of US Secretary of State Mike Pompeo.

After a sharp fall on Friday, EUR/USD is seen consolidating near its 200-period moving average on a 4-hour chart. All eyes will be on the Fed meeting later this week. Ahead of it, the pair has some potential to bounce higher.

A new week has begun! Traders await the meeting of the Federal Reserve, the USD is relatively strong and we take a look at the important levels in EUR/USD, EUR/CHF, GBP/USD, USD/JPY, and gold.

All eyes will be on the Federal Reserve’s policy announcement on Wednesday, where any hint of waning patience from policymakers could undermine the Greenback’s recent gains.

The British pound fell sharply against the dollar on Friday as the greenback strengthened broadly following US retail sales data. There are several important economic releases this week that should keep volatility elevated in the pair.

Based on last week’s price action and the close at 7504.75, the direction of the September E-mini NASDAQ-100 Index this week is likely to be determined by trader reaction to the Fibonacci level at 7551.00.

Based on last week’s price action and the close at 26128, the direction of the September E-mini Dow Jones Industrial Average this week is likely to be determined by trader reaction to the downtrending Gann angle at 26198.

U.S retail sales figures will question just how dovish the FED will be on Wednesday, which could limit any upside across the majors…

As of today, the NQ has already moved upward by over 400 points since the end of May. This price advance equaling our expected data range would suggest that the upward price move in the NQ may be very close to ending.

NEO breaks through the first major resistance level early to look for a return to $15 levels on the day…

Ripple’s XRP joins Bitcoin in the green in the early hours. Litecoin is looking to break back into positive territory, however…

Based on last week’s price action and the close at 2894.75, the direction of the September E-mini S&P 500 Index this week is likely to be determined by trader reaction to the Fibonacci level at 2877.75.

I’m not expecting too much of a reaction to the Fed news from gold traders. The next two moves by the Fed have been telegraphed for at least a week. In my opinion, the Euro is going to have a bigger influence on the price action. A weaker Euro will