Forecasts & Analysis, Page 3

  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Daily Forecast – China’s Xi Speech Could Set Tone, RBA Warns About Housing Correction

    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

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – Threatening to Breakout Over 50% Level at .7207

    The Australian Dollar is inching higher early Tuesday after the Reserve Bank of Australia (RBA) meeting minutes showed policymakers agreed that the next move in its benchmark rate is more likely to be an increase than a decrease. However, the board also believes there is no strong case for a

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  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – Showing Early Counter-Trend Strength

    March E-mini Dow Jones Industrial Average futures plunged further into to bear market territory on Monday. The March futures contract posted a new contract low. As the new nearby futures contract because of the rollover from the December contract, it closed in a position to challenge the nearby contract’s low

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  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Tumbled on Warm Weather Forecast

    Natural gas prices tumbled on Monday, dropping 7% as warmer than normal weather is expected to cover most of the United States for the next 2-weeks. Warmer weather reducing heating demand, and traders are speculating that prices will decline. This comes despite lower than average inventory levels which are well

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Accelerates Higher Form Bull Flag Pattern

    The dollar eased as yields moved lower ahead of the Fed’s monetary policy decision which is scheduled for this Wednesday. The Euro gain traction despite weaker  than expected EU CPI and last weeks soft EU PMI data. The Fed is widely expected to raise rates by 25-basis points, and investors

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets teeter

    As I record this video, the day has been rather rough already for S&P 500 traders. The futures contracts are hanging about the 2600 level, an area that is of course of vital importance due to not only the large come around, psychologically significant figure, but also the fact that

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver continues to hover

    Silver markets did very little to kick off the week on Monday, as we continue to hover above the 50 day exponential moving average. Recently, we’ve been consolidating between $14 below and $15 above, with the 50 day EMA offering a bit of support as well. Ultimately, the market is

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets continue to struggle

    WTI Crude OilThe WTI Crude Oil market initially trying to rally a bit during the trading session on Monday but gave back the gains to roll over and reach towards the $50 level again. The $50 level of course is a large come around, psychologically important figure, and if we

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets gap to open the week

    Natural gas markets gapped lower to kick off the week, reaching below the $3.75 level. Ultimately, it now looks as if we will probably go looking to fill the gap underneath, which of course has been filled yet. I think it’s probably best to wait for a rally at this

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets find support

    Gold markets have pulled back slightly during the trading session on Monday, reaching towards the 50 day EMA before turning around and showing signs of strength. At this point, the $1255 level above is offering significant resistance, and if we can break above there think we go much higher. This

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar rolls over to kick off week

    The US dollar initially tried to rally during the trading session on Monday, but then rolled over to reach towards the 50 day EMA. The market is currently in consolidation, as the symmetric triangle continues to be the main feature of this market. I think at this point, we will

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast – US dollar rallied slightly

    The US dollar has continued to grind higher during the trading session on Monday as traders came back to work, and we continue to trade in the parallel channel. However, I do think that there is a lot of noise above and it is going to be difficult to continue

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound choppy on Monday

    The British pound has gone back and forth during the trading session on Monday to kick off the week, as we continue to see a lot of trouble overall. I think that the British pound is very likely to continue to see sellers on rallies, reaching down towards the 1.25

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – Euro rallies to kick off the week

    The Euro rallied a bit during the trading session on Monday, as traders came back to work from the weekend. I think at this point we are simply trying to square up all of our trades between now and the Jerome Powell statement after the Federal Reserve interest rate announcement.

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Australian dollar looking for stability

    The Australian dollar has found support near the 0.7175 handle, an area that has been both support and resistance. At this point, it looks as if the market is trying to figure out where to go next, and at this point I think that we will be making a decision

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  • James Hyerczyk
    James Hyerczyk

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 17, 2018 Forecast

    December E-mini NASDAQ-100 Index futures are trading lower shortly after the cash market opening. Concerns over global economic weakness is primarily behind the selling pressure. This is a follow-through move related to Friday’s softer-than-expected economic data from China. Some of the selling pressure is related to position-squaring and general nervousness

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    AUDNZD: testing the new resistance

    The new week starts for us with an interesting trading opportunity on AUDNZD. This pair has recently been following the technical protocol with great accuracy, so it provides us with a very interesting occasion.Price action principles have been dominant here over the past few months. It all started with the

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  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – December 17, 2018 Forecast

    December E-mini S&P 500 Index futures opened the regular session lower on Monday. Program selling related to the three major U.S. indexes entering correction territory for the first time since March 2016 is helping to drive the negative sentiment. Traders are also saying that concerns over a global economic slowdown

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Mid-Session Technical Analysis for December 17, 2018

    The Euro is trading better on Monday as traders began squaring positions ahead of Wednesday’s U.S. Federal Reserve interest rate and monetary policy decisions. The Fed begins its two-day policy meeting on Tuesday and is expected to hike its benchmark interest rate for a fourth time in 2018. Traders aren’t

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  • Lukman Otunuga
    Lukman Otunuga

    Gold Edges Higher as Dollar Rally Takes a Pause

    Open your FXTM account todayGold bulls were in the driving seat on Monday as investors struggled to shake off jitters over plateauing global economic growth and lingering trade tensions.A softening Dollar boosted appetite for the yellow metal with prices trading marginally above $1240 as of writing. With the Dollar seen

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