Forecasts & Analysis, Page 3

I’m not expecting too much of a reaction to the Fed news from gold traders. The next two moves by the Fed have been telegraphed for at least a week. In my opinion, the Euro is going to have a bigger influence on the price action. A weaker Euro will

Early in the week, trader reaction to a minor top at $2.406 will tell us if the short-covering is getting stronger. If momentum begins to build on this move then the rally could eventually extend into the short-term pivot price at $2.518. This rally will look impressive on the short-term

Early Tuesday, the RBA will release its Monetary Policy Meeting Minutes. The minutes are expected to show policymakers are supporting a July rate cut. On Wednesday, the U.S. Federal Reserve is expected to leave its benchmark interest rate unchanged at 2.50%, but could issue a dovish monetary policy, Early Thursday,

The U.S. Federal Reserve is expected to leave its benchmark interest rate unchanged at 2.50%, but could issue a dovish monetary policy, which hints at a rate cut in July. Investors will be looking for clues for an easing of monetary policy later this year.

Crude oil bulls proved weaker and the strength they attempted to project yesterday, evaporated to a considerable degree. Neither today, they appear any stronger.

The unease across financial markets has intensified the oil markets recent sell-off.

The current economic expansion has just equaled with the longest boom in US history. Is that not suspicious? We invite you to read today’s article, which provides you with the valuable lessons from the 1990s expansion for the gold market and find out whether the US economy will die of

As we mentioned last week, Gold should at minimum be on everyone’s radar if not in everyone portfolio. After the break of the psychological $1350, Gold is reclaiming its rightful status as a must-have asset in everyone’s investment portfolio.

It’s a mixed start to the day for the majors, with Litecoin trailing early on. Support from the broader market could deliver an afternoon recovery…

Over the long-run a direct U.S.-Iran conflict would likely lead to the shutdown of the Strait of Hormuz. This poses a higher risk of oil-supply disruption, which could lead to sharply higher prices. Therefore, we may continue to see attacks, but until there is a military response to the attacks,

Based on Friday’s price action and the close at $2.381, the direction of the August natural gas futures contract on Monday is likely to be determined by trader reaction to the minor pivot at $2.353. We may see some technical buying due to the friendly government report from Thursday, but

Based on last week’s price action and the close at $62.01, the direction of the August Brent crude oil futures contract on Monday is likely to be determined by trader reaction to the 50% level at $62.93 and the 61.8% level at $60.32. Holding inside this zone will be another

One result is predicting an upward price bias over the next 2 to 4 months whereas the second result is predicting a sideways price result over the same period of time.

Based on Friday’s close at 97.065, the direction of the September U.S. Dollar Index on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at 97.020.

Ripple’s XRP and Litecoin buck the trend early. The rest of the pack will need to catch up, however, for the pair to stay in the green.

Energy shares weighed on the broader market

Injections are rising at a robust rate

Strong retail sales revisions weigh on gold prices

We’re going to be keeping an eye on the 11- to 15-day forecast and trader reaction to $2.406, over the next few days. If the forecasts call for increased heat then look for a breakout over this level with $2.518 the minimum upside target.

Stock markets went back and forth during the week, gapping higher on Monday but then slicing back and forth over the next several days as we aren’t quite sure what to do. However, by looking at the weekly S&P 500 chart, there are some clues to pay attention to.