Forecasts & Analysis, Page 4

Hi traders,The GBP/USD has a potential POC zone straight at the Upper Bands just above the W H3 pivot point.1.2670-90 is the POC zone where we might see fresh sellers. H4 Upper band, ATR Pivot, W H3 are making a confluence for a rejection. Targets will be 1.2624 and 1.2542.

$50 Welcome Bonus – the easiest way to progress on ForexFed, BOJ, and BOE will meet this week to announce their interest rates. Do you want to know how to trade on central bank meetings? Check FBS trading plan.

Natural gas futures gapped lower early Monday as investors continued to react to forecasts calling for warmer temperatures over the short-run. Also contributing to the weakness was uncertainty over the mid-term forecasts and strong production. Bullish traders just don’t know when or if extremely cold temperatures will return and are

Higher global equity markets are helping to calm investors on Monday after Friday’s steep sell-off. The move is encouraging traders who bought the U.S. Dollar as a hedge against stock market weakness to pare their positions. The weaker dollar is helping to make gold a more desirable asset. However, gains

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading mixed to lower on Monday as investors continue to digest the OPEC-led decision to reduce production. The group, primarily led by Saudi Arabia and Russia, hopes that a 1.2 million barrel reduction in supply beginning January 1 will

The USD/CAD pair lacked any firm directional bias and was seen oscillating in a narrow trading band below through the early European session as trading session opened for the week. The pair continued with its struggle to build on the momentum further beyond the 1.3400 handle and is now weighed

Many cryptocurrencies saw range-bound price action in early Asian market hours following reports that Hong Kong would tighten regulations on digital coins. Citing the Securities and Futures Commission’s guidelines, South China Morning Post (SCMP) reported that the regulator would soon require local investment funds to obtain a license if more

December E-mini S&P 500 Index futures are inching higher Monday. Although the index traded below Friday’s low early in the session, there was very little follow-through to the downside and the market quickly turned positive. This may be an indication that traders are being cautious about selling weakness so close

Open your FXTM account todayInvestors regularly search the Internet for the Santa rally as we head into the final trading days of the year. This time around, the term ‘recession’ is being searched the most since 2011 according to Google trends. Fears of a recession ahead of us explains the

December E-mini Dow Jones Industrial Average futures are edging lower on Monday after giving back earlier gains. The market opened lower, but quickly turned higher in reaction to firm markets in Asia. There were no major events overnight so the price action may be investors positioning themselves ahead of Wednesday’s

December E-mini NASDAQ-100 Index futures are trading slightly higher Monday after reversing early session weakness. The major technology-based index is being supported primarily by mostly higher stocks in Asia. Investors in China may be bargain-hunting, however, the price action suggests buyers are being cautious due to concerns over a weakening

Germany equities were lower at the close on Friday, as losses in the Consumer & Cyclical, Technology and Industrials sectors propelled shares lower. At the close in Frankfurt, the DAX fell 0.54%, while the MDAX index declined 0.89%, and the TecDAX index lost 1.08%. Declining stocks outnumbered rising ones by

GBP/USD heads into the new trading week on upper half of 1.25 handle trading in range bound fashion following Friday’s two way move which saw the pair fall sharp below 1.26 handle and test lower end of 1.25 handle. The pair was pressured by Brexit woes and bearish equity market

U.S. West Texas Intermediate crude oil futures are trading flat to slightly better early Monday. Supporting the market is a slight dip in the rig count. Perhaps putting a lid on prices are concerns the Fed could drive the U.S. Dollar higher when it makes its interest rate and monetary

The American dollar could continue to draw bids, sending the EUR/USD pair lower toward the recent low of 1.1215 if the global equities remain risk-averse on mounting global growth fears. Friday’s softer-than-expected economic data from China revived fears of a global economic slowdown and dampened investors’ appetite for perceived riskier

Gold futures are inching lower early Monday, but inside Friday’s range. The chart pattern suggests investor indecision and impending volatility. Underpinning the market is the slight recovery in the global equity markets. This is helping to ease the safe-haven buying of the U.S. Dollar. We’re also probably looking at some

Crude oil prices are trading slightly better early Monday, likely underpinned by a positive trade in the global equity markets and a report from Friday that showed U.S. drilling activity fell to its lowest level in about two months. Nonetheless, capping the market are increasing concerns about a weaker global

Key HighlightsNEM’s XEM gained 2.83% on Sunday, partially reversing a 4.30% slide on Saturday, to end the week down 18.4% to $0.06177.A start of a day intraday low $0.05975 saw NEM’s XEM steer clear of the first major support level at $0.0546.NEM’s XEM hit a late afternoon intraday high $0.06407,

Bitcoin Cash – ABC Up, But Gives up $80Bitcoin Cash ABC gained 3.58% on Sunday, reversing a 2.89% fall on Saturday, to end the week down 25.7% to $79.00.A bullish start to the day saw Bitcoin Cash ABC rally to a mid-morning intraday high $81.31, breaking through the first major

With the bears clearly in control at the moment, February natural gas futures gapped lower on the opening on Monday. Although the market may be oversold by some technical measures, we’re likely to continue to see more downside pressure throughout the session amid forecasts calling for warmer temperatures over the