Forecasts & Analysis, Page 5

The real reason for the surge in gold prices are concerns over a weakening global economy following a report of lower Chinese industrial output growth to a more than 17-year low of 5% in May, and lower than expected retail sales data in the United States.

Prices are also trading lower in response to weaker than expected economic data from China, which raised concerns over a slowing global economy and lower future demand.

The mood across financial markets was cautious this morning as rising geopolitical tensions in the Middle East and persistent uncertainty over US-China trade developments capped risk appetite.

Based on the early price action and the last price at 2887.25, the direction of the June E-mini S&P 500 Index is likely to be determined by trader reaction to the downtrending Gann angle at 2899.25.

EUR/USD seems to have fallen into a range below 1.1280 ahead of US retail sales which are scheduled for release today. I expect some volatility from the release, but I think the markets will be more focused on the Fed who are scheduled to meet next week.

All the markets’ attention is focused on the US & China Retail Sales and Industrial production.

Volatility has slowed in GBP/USD despite some recent headlines out of the UK. The pair trades near an important inflection point and traders will look to US retail sales to see if it can introduce some volatility

The market awaits the release of US retail sales. What should you know ahead of the event? Which pairs are best for trading? Watch the video to find out.

US market received an unexpected bounce from surging oil prices as energy stocks topped the list of winners. But investor sentiment remains supported by the one constant that keeps the S&P 500 ticking, the allure of the Federal Reserve easy money policy.

The short-term range is .6481 to .6682. Its retracement zone at .6582 to .6558 is controlling the near-term direction of the Forex pair. Trading below this zone is helping to give the NZD/USD a downside bias. This zone should be considered resistance.

Crude prices slipped 3.2% last night as demand appeared to fade. Yesterday, more than 600 US Companies wrote a letter to President Trump requesting to resolve the trade dispute with China.

Based on the early price action, the direction of the AUD/USD the rest of the session on Friday is likely to be determined by trader reaction to the uptrending Gann angle at .6914 and short-term Fibonacci level at .6924.

Economic data is on the lighter side going into the weekend. U.S retail sales could spoil the party, as the futures point to a positive open.

DASH sees red early on as the broader market takes a hit. A move back through to $155 levels would support a break out later in the day.

The majors see red early on as a late pullback from Thursday continues into the early hours. A move back through key levels would signal a rebound…

When we think about the current environment for precious metals, one has to understand that fear and greed don’t have to be tangible or overwhelming. This process is almost like a perpetual motion machine. Once the process gets started where investors pile into Gold because of the fear

Based on Thursday’s close at 2894.50, the early direction of the index on Friday is likely to be determined by trader reaction to the minor pivot at 2889.25.

Based on Thursday’s close at 26117, the direction of the June E-mini Dow Jones Industrial Average futures contract early Friday is likely to be determined by trader reaction to the pivot at 26090.

Wednesday’s trading session was slightly bearish, as investors took more short-term profits off the table following the recent advances. However, the daily trading range was very narrow. The S&P 500 index reached the new local high on Tuesday and then it came back below the 2,900 mark. So was it

U.S. consumer inflation has moderated recently. Trade wars go on. What the Fed will do now? Let’s not forget the recent ECB monetary policy meeting. It carries implications for both EUR/USD and gold. Just what are they?