Forecasts & Analysis
GBP/USD, News Announcements and Market Changes
In 2016 with the introduction of the ECB’s new revamp to interest rates, market prices separated from news releases and central bank meetings to trade in tiny ranges. it was a planned and forced move after 2 years of study to the currency price particularly as Libor was slated for
Crude Oil Price Update – Inside Move Suggests Trader Indecision, Impending Volatility
The 50% level at $60.56 is the first downside target. Since the main trend is up, look for buyers to step in on the first test of this level.
U.S. Dollar Index (DX) Futures Technical Analysis – Strengthens Over 91.165, Weakens Under 90.950
The direction of the March U.S. Dollar index on Monday is likely to be determined by trader reaction to the 50% level at 90.950.
Emerging Caution Despite Continued Strength
Futures positions held and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, February 23. A week that saw growing unease across markets as bond yields continued to rise. A continued rally in commodities attracted profit taking from funds in both energy and
Commodity Prices Climb As U.S Passes Stimulus Bill – What’s Next?
Commodity prices climbed higher on Monday, following news that the U.S House of Representatives passed President Joe Biden’s massive $1.9 trillion stimulus bill, which now goes to the Senate for approval.
Gold Price Futures (GC) Technical Analysis – Weakens Under $1711.70, Strengthens Over $1787.30
The longer-term direction is likely to be determined by trader reaction to the Fibonacci level at $1711.70 and the 50% level at $1787.30.