Forecasts & Analysis
Crude Oil Price Forecast – Crude Oil Markets Continue to Trade in a Range
Crude oil markets did rally a bit during the trading session on Tuesday, but they continue to trade in a range overall.
Natural Gas Price Forecast – Natural Gas Markets Continue to Hover Around $2.50
Natural gas markets have continued to hang around the $2.50 level, an area that’s been like a magnet for price as of late.
USD/JPY Forecast – US Dollar Continues to Look for Catalysts
The US dollar has pulled back just a bit during early trading on Tuesday, but with Jerome Powell speaking later, it’s very likely that we will see volatility pick up.
GBP to USD Forecast – British Pound Continues to Suffer
The British pound has continued to fall during the trading session on Tuesday, as we wait for the Jerome Powell speech later in the day.
GBP/JPY Forecast – The British Pound Pulls Back Towards Gap
The British pound has fallen significantly during the trading session on Tuesday to fill a gap underneath. It now looks as if we could try to find buyers.
US, Canadian Trade Deficits Increase Less than Expected
The goods and services trade deficit in the United States came in at $67.4 bill in December, increasing by $6.4 billion in comparison to October’s revised figure, the U.S. Bureau of Economic Analysis and the Census Bureau shared in their final report on Tuesday. In December, exports stood at $250
AUDUSD Forecast – Australian Dollar Bounces From the 50-Day EMA
The Australian dollar has rallied a bit during the trading session on Tuesday, as we have touched the 50-Day EMA.
Investors Want to Hear Powell’s Thoughts on the Latest Employment Data
Stock investors are anxious to hear from Federal Reserve Chairman Jerome Powell today, who will be interviewed at an event organized by The Economic Club of Washington DC.
Natural Gas Price Fundamental Daily Forecast – Light-Short-Covering on Slight Shift Higher in Heating Demand
Meteorologists forecast the weather would remain mostly warmer than normal through Feb. 20 except for a few cold days around the Feb. 18-19 weekend.