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- Oil Monthly Forecast – August 2018
- Crude oil market saw range bound movement for majority of month of July’18 post its decline in early trading sessions. The price action for crude oil in month of July can be divided into two half’s with first two weeks seeing steady...
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- Gold Monthly Forecast – August 2018
- Gold market was on steady decline across the month of July 2018 with over 4% decrease in value as traders replaced precious metals and traditional safe haven instruments with US Greenback. Investors betting on a stronger U.S economy and higher interest ra...
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- EUR/USD Monthly Forecast – August 2018
- The EURUSD pair in month of July’18 saw a range bound momentum trapped within a wider price band as month long news driven market failed to provide breakout trigger and kept the pair moving in repeated triangular formation. Thus the pair could...
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- Natural Gas Price Fundamental Weekly Forecast – Heat Could Return, but Production Will Remain New Re
- Natural gas futures finished higher last week following the release of a bullish weekly government storage report. Natural gas futures prices jumped Thursday after a government report showed a smaller-than-expected storage build, setting the tone for a st...
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- Oil Price Fundamental Weekly Forecast – Choppy Trade, but OPEC Supply Gives It Downside Bias
- U.S. West Texas Intermediate and international Brent crude oil futures settled lower last week with the selling primarily driven by worries about over supply.September WTI crude oil futures settled at $68.49, down $0.20 or -0.29% and October Brent crude o...
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- AUD/USD Forex Technical Analysis – Straddling .7397 Pivot for Four Weeks, Breakout Imminent
- The Australian Dollar finished slightly better versus the U.S. Dollar last week. The price action was mostly two-sided. Investors reacted to the escalation of the trade dispute between the United States and China, the divergence between the hawkish U.S. F...
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- EUR/USD Declines As US-China Trade Conflict Escalates
- EUR/USD declined on the reports that the trade war between the United States and China continued to escalate as the USA considered additional tariffs on Chinese imports. As for US macroeconomic reports, there were just two of them today, and...
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- USD/CAD Daily Price Forecast – USD/CAD Range Bound Ahead of US NFP Release
- The USD/CAD pair struggled to build on overnight modest recovery and was seen oscillating in a narrow trading range, above the 1.30 psychological mark. Resurgent US Dollar demand on Thursday, supported by the latest FOMC monetary policy update, reaffirmin...
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- USD/JPY Fundamental Daily Forecast – Tight Trading Range Suggests Impending Volatility
- The Dollar/Yen is inching higher early Friday, shortly ahead of the release of the U.S. Non-Farm Payrolls report at 1230 GMT. Short-term, the dollar is being supported by safe-haven buying tied to the escalation in trade tensions between the United States...
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- Natural Gas Price Forecast – natural gas rises for Thursday
- Natural gas markets continue to be very noisy but have seen a significant amount of buying pressure on Thursday more than anything else. This is a market that looks likely to be very noisy as per usual, but I think that if we can clear the $2.85 level, we...
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- Crude Oil Price Forecast – crude oil bounces from significant support
- WTI Crude OilThe WTI Crude Oil market found plenty of support at the $67 level to turn around and bounce over one dollar from the lows. Because of this, it looks as if we are going to continue to stay within the range, between the $67 level on the bottom...
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- Silver Price Forecast – Silver markets fail to hang onto gains on Thursday
- Silver markets initially tried to rally during the day on Thursday but found the $15.50 level a bit too expensive and rolled over to struggle overall. I believe that the market will probably continue to be very noisy between now and the jobs number, and q...
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- S&P 500 Price Forecast – markets rebound after initial bearishness on Thursday
- The S&P 500 initially fell during trading on Thursday but bounced enough to form a hammer. By doing so, it’s likely that the market is trying to show that it wants to go higher, but the jobs number needs to be out of the way before I think...
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- Bitcoin Cash, Litecoin and Ripple Daily Analysis – 03/08/18
- Bitcoin Cash Back Under PressureBitcoin Cash fell by 5.01% on Thursday, following Wednesday’s 0.97% decline, to end the day at $730.4.It was a bearish day for Bitcoin Cash and the broader market, with a start of the day intraday high $773.8 com...
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- EUR/USD Daily Price Forecast – EUR/USD Flat-lines at Major Support Level Ahead of NFP Data Release
- The heavy week of FX data nears its end as tomorrow brings Non-Farm Payrolls out of the United States for the month of July. Wednesday’s FOMC rate decision brought little by way of new information to markets, but it did end up driving a wave of...
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- Monero Technical Analysis – Bears Take Control – 03/08/18
- Key HighlightsMonero’s XMR slid by 4.75% on Thursday, reversing Wednesday’s 4.79% gain, to end the day at $122.03.An intraday high $130.34, struck in the early hours, saw Monero’s XMR fall short of the first major resistan...
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- GBP/USD Daily Price Forecast – Pound Moves Lower Pressured by Brexit Woes & Dovish BOE
- The GBP/USD is trading just above the 1.30 major technical level after seeing a familiar sell-off pattern on Thursday. The British pound was very volatile during the trading session on Thursday after the central bank statement and interest rate hike as in...
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- Natural Gas Price Fundamental Daily Forecast – Major Hedgers May Show Up Inside $2.831 to $2.869
- Natural gas futures are edging higher early Friday after spiking to the upside the previous session following the release of the weekly government storage report.At 0554 GMT, September natural gas futures are trading $2.821, up $0.005 or +0.18%.Natural ga...
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- Oil Price Fundamental Daily Forecast – Aggressive Hedgers Betting on Drop in U.S. Inventories
- U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are inching lower early Friday, following Thursday’s steep rise. Traders said yesterday’s nearly 2 percent rise was fueled by aggressive hedge buying ti...
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- Price of Gold Fundamental Daily Forecast – U.S. Jobs Report Expected to Have Little Impact on Gold P
- Sellers continue to pressure gold prices early Friday on the strength of the U.S. Dollar. Gold is now trading at its lowest level in more than a year after taking out the July 19 bottom at $1221.00 the previous session. Given the current downside momentum...
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- EUR/USD Mid-Session Technical Analysis for August 3, 2018
- The Euro is trading lower shortly before the U.S. opening and the release of the U.S. Non-Farm Payrolls report at 1230 GMT. Short-term, the dollar is being driven higher by safe-haven buying tied to the escalation in trade tensions between the United Stat...
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- AUD/USD Forex Technical Analysis – August 3, 2018 Forecast
- The Australian Dollar is trading lower shortly before the U.S. opening and the release of the U.S. Non-Farm Payrolls report at 1230 GMT.At 0856 GMT, the AUD/USD is trading .7358, down 0.0050 or -0.07%.Long-term, the Aussie is being pressured by Wednesday&...
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- EUR/USD Price Forecast – Euro falls only to find support at major level
- The Euro initially fell hard during the day on Thursday but found the 1.16 level supportive. This is the bottom of the symmetrical triangle, and of course a large, round, psychologically significant figure. At this point, I believe it’s only a...
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- GBP/JPY Price Forecast – British pound falls to find major support against yen
- The British pound has fallen rather hard during the trading session on Thursday, reaching down towards the ¥145 level, an area that I have been talking about for some time. So far, it appears that market participants are willing to defend this ar...
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- GBP/USD Price Forecast – British pound noisy after statement
- The British pound has been extraordinarily noisy after the interest rate announcement and following statement. The market seems to be a bit confused right now, but what I do see is that there is a significant demand level underneath at the 1.30 level. It...