Forecasts & Analysis, Page 2

The Dollar/Yen posted an inside day with a higher close on Wednesday, indicating investor indecision and impending volatility, but with a developing upside bias.The Forex pair could also be going through a transition period after momentum shifted to the downside earlier this week. Despite the change in momentum to down,

The New Zealand and Australian Dollars are under pressure early Thursday with the Kiwi plunging in reaction to a New Zealand GDP report that matched expectations, but came in slightly below the previous read.At 0514 GMT, the NZD/USD is trading .6833, down 0.0032 or -0.47% and the AUD/USD is at

On the hourly chart, the S&P 500 has broken above the 50 SMA again, one of the indicators that I pay attention to. The market has a significant amount of noise around the 2775 level, but the resiliency of the market cannot be denied. This brings to mind the saying

Silver markets have been very quiet over the last couple of days and are currently dancing around the $16.25 level. Silver is highly sensitive to risk appetite and of course the US dollar, so if the US dollar were to rally like it did on Thursday of last week, it’s

WTI Crude OilThe WTI Crude Oil market has been very noisy during the trading session on Wednesday, drifting back and forth between the $64.75 level, and the $66 level as I record this video. If we can continue above the $66 level, that would be a very bullish sign for

Natural Gas markets were very noisy during the trading session on Wednesday, shooting towards the $2.95 level before showing signs of resistance. At this point, the market looks as if the $2.96 level should continue to be important as it has in the past, and I think that the market

Gold markets have gone sideways in general, dancing around the $1275 level. That’s an area that of course is important, based upon previous action. We had recently have broken down below a trend line, so that of course was a negative sign, but at the end of the day it

The US dollar has been back and forth against the Japanese yen so far during the trading session on Wednesday, showing signs of life near the ¥110 level, and on the hourly chart it looks as if we are trying to roll over again. However, on the daily chart we

The British pound has done very little during the trading session on Wednesday, rallying ever so slightly but showing signs of exhaustion near the 1.32 level on the short-term charts. This confirms that the 1.32 level is an area of interest, and I think it will continue to be so.

The British pound has gone back and forth during most of the trading session on Wednesday, as I record the video. It looks as if the ¥145 level is offering a bit of resistance, but we have broken through it by a few pips here and there. If we can

The Euro has both rallied and pulled back during early trading on Wednesday, as we continue to see a lot of choppy conditions in the Forex world. The 1.15 level is structurally important from a longer-term standpoint, and of course is a psychological standpoint. It had been major resistance from

First and foremost, the Australian dollar is highly linked to Asia and commodities. This is because Australia is a major exporter of hard commodities to countries such as China, and therefore currency traders will simply play the Aussie dollar as a proxy on what’s going on in that part of

The AUD/USD finished lower but inside yesterday’s range, suggesting investor indecision and impending volatility. Traders are still on edge over the threat of additional tariffs from the U.S. against China and the possible retaliation from Beijing. However, the price action indicates cooler heads may be prevailing as the trade negotiations

Gold prices continued to move lower as the dollar gains traction and risk aversion abates. The U.S. current account widened much to the dismay of the White House allowing the dollar to grind higher paving the way for lower gold prices. The stronger than expected mortgage index also buoyed the

September E-mini NASDAQ-100 Index futures are expected to open higher based on the pre-market trade. Investors seem to have calmed down after President Trump triggered a sell-off on Tuesday following a threat of additional tariffs on China. Despite the early strength, investors continue to remain on edge which is leading

September E-mini Dow Jones Industrial Average futures are trading higher shortly before the cash market opening. The market appears to be recovering nicely following yesterday’s steep sell-off. Of the three major indexes, the Dow remains the weakest.Daily September E-mini Dow Jones Industrial AverageDaily Swing Chart Technical AnalysisThe main trend is

September E-mini S&P 500 Index futures are expected to open higher based on the pre-market trade. Increased demand for higher risk assets is helping to fuel today’s early strength.Daily September E-mini S&P 500 IndexDaily Swing Chart Technical AnalysisThe main trend is up according to the daily swing chart. A trade

August West Texas Intermediate crude oil futures are trading slightly better on Wednesday, helped by a friendly American Petroleum Institute inventories report.The news about the outcome of the OPEC meeting in Vienna on June 22-23 remains unchanged. Traders expect Saudi Arabia and Russia to push for an increase in production,

August Comex gold prices are edging lower on Wednesday, hitting a six-month low earlier in the session. Given the recent geopolitical turmoil, and gold’s response to the news, it appears that gold has lost its appeal as a safe haven asset. Gains are being capped today by a firmer U.S.

The Euro is trading lower on Monday, posting an inside move, which suggests investor indecision and impending volatility. On Tuesday, it was under pressure after European Central Bank President Mario Draghi called for a patient approach to European monetary policy at a forum in Portugal.At 1128 GMT, the EUR/USD is