Forecasts & Analysis, Page 2

Gold prices are trading higher on Tuesday, following through to the upside after yesterday’s price surge netted nearly 1 percent. The market is rapidly approaching its five-month high at $1256.60, reached last week on December 10. Today’s price action is being driven by a weaker U.S. Dollar and another drop

Hi traders,The GBP/USD exactly behaved as I analysed it yesterday, but at this point the cable make higher lows and higher highs suggesting a possible bounce.1..2640-50 is the zone where the pair could bounce. A rejection from the zonal confluence has formed an inverted head and shoulders pattern that might

The USD/CAD pair held on to its mildly weaker tone through the early European session, with bears eyeing a follow-through weakness below the 1.3400 handle. The pair struggled to build on the overnight up-move and started retreating from one-week tops amid some renewed US Dollar selling bias. After a brief

Natural gas prices are trading slightly higher early Tuesday, but the price action has had no effect on the downtrend. The current inside move suggests investor indecision and impending volatility. The early uncertainty is likely being caused by a slight change in the mid-term weather forecasts or technically oversold conditions.Also

As we get ready for the Christmas and New Year’s recess, the market is steadily gaining momentum. There was an incredible bullish move that swept across the market yesterday where gains were visible in terms of market capitalization. The market cap not only reclaimed position above the $100 billion mark,

U.S. West Texas Intermediate and international benchmark Brent crude oil futures are trading lower on Tuesday. Both contracts are down a third consecutive session with the selling being primarily driven by concerns over the global supply glut and forecasts of increased shale production in the United States.Traders are also expressing

$50 Welcome Bonus – the easiest way to progress on ForexAs we can see from the economic calendar, there is no significant data today. That is why we recommend you to trade on the news and the market sentiment.During the Asian session the risk-off sentiment across the markets increased as

Gold futures are trading flat early Tuesday after an attempt to breakout over yesterday’s high failed to attract enough buyers to extend the rally. Nonetheless, the market continues to be underpinned by a weaker U.S. Dollar. A falling greenback tends to drive up foreign demand for dollar-denominated gold. Lower Treasury

AUD starts this week on the back foot. The best setup that can show this is on the AUDNZD, where today, we can see a huge decline. From the technical point of view, the drop is supported by the Head and Shoulders formation and by the breakout of the lower

U.S. West Texas Intermediate crude oil futures are under pressure for a third straight session on Tuesday on renewed concerns over a supply glut. The catalysts are reports of inventory builds and forecasts of record shale output in the United States. Worries over future demand amid weakening global economic growth

Germany equities were lower at the close on Monday, as losses in the Retail, Consumer & Cyclical and Food & Beverages sectors propelled shares lower. At the close in Frankfurt, the DAX declined 0.86%, while the MDAX index lost 1.64%, and the TecDAX index lost 0.87%. Declining stocks outnumbered rising

Open your FXTM account todayEmerging market currencies have entered the final full trading week before Christmas on a positive note despite fears over plateauing global economic growth weighing on risk sentiment.It is becoming clear that a weakening Dollar remains the primary driver behind the impressive gains witnessed in the EM

GoldThe gold prices pulled back slightly during the Monday’s session reaching down to test the 50 Day EMA but then turned around showing signs of strength. The $1225 level above is offering significant resistance but there might be some weakness as the Fed is likely to hike interest rates this

EUR/USDThe EUR/USD pair rallied a bit to kick off the week but struggled to move higher as the 50 Day EMA crossover offered significant resistance. With Federal Reserve moving to raise the interest rate this Wednesday, the pair is expected to trade under pressure with a back and forth momentum.

GBP/USD is getting more comfortable on higher ground as the drama around Brexit is not as intense as it used to be. GBP/USD is trading just north of 1.2600 heading into Tuesday’s main trading sessions, but bidding interest in the Sterling looks relatively low making broad based US Dollar weakness

The EUR/USD pair on Monday closed well above the lower edge of the contracting triangle, neutralizing the bearish view put forward by Friday’s triangle breakdown. Essentially, the EUR bears have been trapped on the wrong side of the market. Moreover, the dollar was offered across the board yesterday on expectations

Key HighlightsStellar’s Lumen rallied by 15.46% on Monday, following on from a 0.38% gain on Sunday, to end the day at $0.11225.An early morning intraday low $0.09717 steered well clear of the first major support level at $0.0948.A day long rally saw Stellar’s Lumen break through the day’s major resistance

The Dollar/Yen is down sharply early Tuesday, continuing the plunge from the previous session. Safe-haven buying and expectations of a dovish Fed later this week is driving investors into the Japanese Yen. The major stock indexes were trading lower across the board in Asia as investors awaited a key speech

Bitcoin Cash – ABC Hits the $90sBitcoin Cash ABC rallied 11.98% on Monday, following on from a 3.58% gain on Sunday, to end the day at $88.49.Tracking the broader market through the day, Bitcoin Cash ABC rallied from an early morning intraday low $77.89 to a late in the day

The Australian and New Zealand Dollars are trading higher early Tuesday as investors await a key speech from China’s President Xi Jinping. The Aussie Dollar is also being underpinned by some RBA data. Furthermore, we could be looking at position-squaring ahead of the start of the U.S. Federal Reserve’s two-day