Forecasts & Analysis, Page 2

I am a huge fan of Gold and I look at this instrument almost every day. Silver stays in the shadow but that does not mean that I ignore this asset.

DAX to trade in red owing to dovish investor sentiment in the European market following ECB board members comments who hinted at plans for TLTRO owing to the economic slowdown in Euro area.

Based on the price action of the eight week rally, the direction of the March E-mini S&P 500 Index futures contract this week is likely to be determined by trader reaction to a downtrending Gann angle at 2779.50.  

The early price action shows support is the pivot at 1.1288. If this move creates enough upside momentum then look for buyers to make a run at 1.1342. Taking out this level will change the main trend to up.

Gold has been resilient lately despite a stronger U.S. Dollar, rising Treasury yields and increased demand for higher risk assets. I think the demand is coming from investors reacting to forecasts for a weaker global economy.

Based on the price action of the eight week rally, the direction of the March E-mini Dow Jones Industrial Average futures contract this week is likely to be determined by trader reaction to a steep uptrending Gann angle at 25548. This angle is moving up at a rate of 512

Prices are retreating from early session highs after China reported automobile sales in January fell for a seventh month, raising concerns about fuel demand in the second-largest oil user.

GoldThe gold prices rallied significantly during the Friday’s session, reaching towards the $1325 level. The market has plenty of resistance around this zone and could witness a pullback. The weak economic numbers from the US and the Fed’s dovish attitude will keep supporting the gold prices higher and a break

EUR/USDThe Euro struggled a bit during Friday’s session in breaking above the 1.13 level but this level is also attracting a lot of attention. The pair is getting hammered due to ECB’s dovish attitude and weak economic numbers from the European Union. The pair is likely to continue consolidating between

Based on last week’s close at $1322.10, the direction of the April Comex gold futures contract this week is likely to be determined by trader reaction to the major Fibonacci level at $1319.70.

GBP trades range bound near previous session highs with a positive bias on Dollar’s weakness ahead of tomorrow’s employment update owing silent macro calendar schedule for the day.

We’re looking for a bullish tone to develop on a sustained move over $2.648. The main trend is expected to change to up on a trade through $2.730.

Based on last week’s close at $55.98, the direction of the April WTI crude oil futures contract this week is likely to be determined by trader reaction to the downtrending Gann angle at $56.01.

Based on last week’s price action and the close at 7063.75, the direction of the March E-mini NASDAQ-100 Index this week is likely to be determined by trader reaction to the Fibonacci level at 7022.25.

Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at .7153.

Rangebound action in favor of Euro to continue owing to a silent macro calendar on both sides of the pair.

The direction of the USD/JPY the rest of the week is likely to be determined once again by Treasury yields and the stock market. These market are likely to be largely influenced by U.S.-China trade negotiations. However, investors will also get a chance to react to the latest Federal Open

This week, the economic news shifts back to the Australian Dollar. The week will start with the Aussie supported by the resumption of trade talks between the United States and China, but this time in Washington. Both parties cited progress in last week’s trade talks which took place in Beijing.

DASH sees a bullish start to the day but faced resistance early to ease back. A break back through to $79 levels would give DASH a run at $80.

Here come the bulls… Late Sunday’s rally spills over to the early hours of this morning. Holding onto key levels would support more upside in the day.