Forecasts & Analysis
NASDAQ, S&P 500, Dow Jones Analysis – Stocks Are Volatile After Powell’s Comments
Stocks are swinging between gains and losses as traders decipher Powell’s comments.
USD/JPY Forex Technical Analysis – Sharply Lower after Powell Says Inflation Beginning to Ease
The USD/JPY moved to its low of the session as Powell spoke as investors are hoping the Fed soon will halt is aggressive interest rate hike campaign.
Natural Gas, WTI Oil, Brent Oil – Oil Rebounds Amid Supply Worries
The oil terminal in Turkey remains closed after the strong earthquake.
S&P 500 Price Forecast – Stock Markets Await Jerome Powell
Stock markets have been a little bit negative during the trading session on Tuesday, as we wait to see how Jerome Powell speaks.
Gold, Silver, Palladium – Precious Metals Rebound From Multi-Week Lows
Treasury yields pulled back from recent highs, providing additional support to precious metals.
Gold Price Forecast – Gold Markets Bounce Slightly
Gold markets have bounced a bit during the trading session on Tuesday to show signs of resiliency. Quite frankly, gold markets have been absolutely pummeled so it should not be a huge surprise to see market participants take a bit of a break.
EUR/USD Forecast – Euro Lower as Dollar Strengthens Ahead of Powell Speech
In other news, German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors.
EUR/USD, GBP/USD, NZD/USD, USD/JPY – U.S. Dollar Gains More Ground As Treasury Yields Rise
U.S. dollar stays strong as traders bet on a more hawkish Fed.
Silver Price Forecast – Silver Continues to Hover Above Support
Silver has gone back and forth during the trading session on Tuesday, as we are sitting just above the crucial 200-Day EMA.
US Stocks Lower as Investors Brace for Hawkish Powell
Bullish traders are worried that Powell may walk back some of the commentary that he made last Wednesday that prompted the market’s dovish read.