Forecasts & Analysis | Page 7
EUR/USD Price Forecast – Euro Rallies After Strong German ZEW
During the trading session on Tuesday, we have seen the Euro rally significantly to break above the top of the hammer from the Monday candlestick. This was facilitated by a stronger than anticipated German ZEW.
AUD/USD Price Forecast – Australian Dollar Continues To Find Support
The Australian dollar has gone back and forth during the trading session again on Tuesday, initially breaking down below the recent lows, but has turned around to show signs of life again.
Gold and Japanese Yen: Which One is not a Safe-Haven Asset Anymore?
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. The US dollar, Japanese yen, and gold were always considered as the main refuges.
Natural Gas Price Fundamental Daily Forecast – Oversold Technical Signs May Offset Bearish Fundamentals
The weather is bearish; however, oversold conditions could lead to a surprise short-covering rally. Be prepared for a possible two-sided trade.
Oil Price Fundamental Daily Forecast – Plenty of Supply, Lower Demand Forecasts Weigh on Prices
Today’s price action suggests what we’ve been saying for about two weeks – crude oil prices are likely to remain rangebound as sellers, betting on slower demand growth, keep a lid on rallies, and buyers hoping for higher demand because of the U.S.-China trade deal, bet on a global economic
Price of Gold Fundamental Daily Forecast – Prices Tumble Amid Mixed Reaction to Coronavirus Scare
The “sluggish” forecast from the IMF likely means that central banks will keep interest rates at or near historically low levels. Furthermore, it opens the door to more creative central bank stimulus like Quantitative Easing (QE) and fresh fiscal stimulus. This could provide support for gold throughout the year.
GBP/USD Daily Forecast – Sterling Rallies as UK Unemployment Holds at 3.8%
Job numbers out of the UK were generally positive on Tuesday, triggering a rally in the pound to dollar exchange rate.
USD/JPY Fundamental Daily Forecast – BOJ Holds Rates Steady; Bumps Up Growth Forecast as Global Risks Recede
In a quarterly review of its forecasts, the BOJ revised up its growth projection for the fiscal year beginning in April to 0.9% from an estimate of 0.7% growth made in October, helped by a boost from the government’s fiscal stimulus package.
EUR/USD Daily Forecast – Euro Trades in a Range Near Three-Week Lows
After a quiet start to the week, EUR/USD has fallen into a range while investors await Thursday’s ECB meeting.