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- EUR/USD Mid-Session Technical Analysis for August 16, 2018
- The Euro is trading higher on Thursday, helped by a weaker U.S. Dollar in a move that was fueled by news that a Chinese delegation will travel to the U.S. in late August for trade talks. Easing fears of contagion over the financial crisis in Turkey also s...
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- Technical Update For USD/CAD, EUR/CAD, GBP/CAD & AUD/CAD: 16.08.2018
- USD/CADAlthough short-term ascending trend-line favors the USDCAD‘s rise, seven-week long downward slanting TL, at 1.3175 now, becomes a tough challenge for the pair to clear in order to justify its strength in targeting the 1.3215-20 and the 1...
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- Natural Gas Price Fundamental Daily Forecast – Will EIA Report Trigger Move to $3.00 or $2.86 Today?
- Natural gas futures are trading lower early Thursday, shortly before the regular session opening and well ahead of the government storage report at 1430 GMT. Prices have drifted sideways for two days since spiking to the upside on Monday.At 0951 GMT, Octo...
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- Oil Price Fundamental Daily Forecast – Softer Dollar Supportive, but Lower Demand Still Major Concer
- U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading slightly lower on Thursday. We’ve seen a bounce off the lows, which is probably related to the softer dollar. This tends to drive up foreign demand for...
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- Commodities Daily Forecast – August 16, 2018
- GoldThe gold prices broke down significantly during the Wednesday’s session as USD continues to strengthen. The Turkish situation is driving the overall forex and commodity market lower which is very negative for the market as it will restrict...
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- Forex Daily Outlook – August 16, 2018
- EUR/USDEuro drifted further lower during the Wednesday’s session reaching down to the important 1.13 level. The market is likely to get a bounce from here but will not be a significant one as the negative sentiment still dominates the market. G...
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- USD/CAD Daily Price Forecast – Loonie Gains Upper Hand As USD Lost Strength on News of Sino-U.S. Tra
- The USD/CAD fell back into 1.3115 ahead of Thursday’s London market session after hitting resistance at 1.3175 yesterday. Wednesday saw the USD/CAD mark in a new high for August, but the Dollar still remains under June and July’s pea...
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- Situation on the AUD after the data from the job market
- Overnight, the market received data about the condition of the job market from Australia. The unemployment rate dropped, which was a good sign, but the employment change was worse than expectations. In overall, traders used this data to buy AUD, which is...
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- Price of Gold Fundamental Daily Forecast – Massive Short-Covering Rally Alleviates Oversold Conditio
- A softer U.S. Dollar and aggressive profit-taking is helping to fuel a massive short-covering rally in gold futures on Thursday. Gold is paring heavy losses this week which drove the market to slightly above the December 22, 2016 main bottom at $1166.60 e...
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- DAX30 Possibly Targeting 12050 Zone
- The DAX30 has made a break below the trend line and at this point, it is still trapped below W L4 camarilla pivot. POC 12300-325 is the first POC zone that could initiate fresh selling if the price retests it. POC2 12500-520 is the POC2 with a very strong...
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- USD/JPY Fundamental Daily Forecast – Increased Risk Appetite Supportive, but Dollar/Yen Still Facing
- An easing of tensions over the financial crisis in Turkey and news that a Chinese delegation will travel to the United States late in August to hold trade talks is helping to reduce risk aversion enough on Thursday to underpin the Dollar/Yen.At 0911 GMT,...
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- DAX Index Price Forecast – DAX to Open Positive on Increased Risk Appetite amid Mixed Global Cues
- Germany equities were lower at the close on Wednesday, as losses in the Technology, Pharmaceuticals & Healthcare and Chemicals sectors propelled shares lower. At the close in Frankfurt, the DAX lost 1.58% to hit a new 3-month low, while the MDAX index...
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- AUD/USD and NZD/USD Fundamental Daily Forecast – Supported by Easing Risk Aversion, Aussie Employmen
- The Australian and New Zealand Dollars are moving higher early Thursday as risk aversion eased and emerging market currencies rebounded on news that a Chinese delegation will travel to the United States late in August to hold trade talks.At 0613 GMT, the...
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- GBP/USD Daily Price Forecast – GBP/USD Aims For 1.276 Handle Ahead of UK Retail Sales Data
- The GBP/USD is trading near the 1.273 level ahead of Thursday’s London market session as fears of a no-deal Brexit continue to rise and inflation figures for the UK barely make it to expectations. The UK’s CPI reading yesterday came...
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- EUR/USD Daily Price Forecast – EUR/USD Rebounds Post Hitting 13-Month Lows on US-China Trade Talks
- Riskier assets and the EUR scored gains in Asian market hours due to the news that Chinese officials will be traveling to the United States for trade talks in late August. As of writing this article, the EURUSD pair is trading at 1.1384 up 0.33% on the da...
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- Cardano’s ADA Technical Analysis – Support Levels in Play – 16/08/18
- Key HighlightsCardano’s ADA gained 0.35% on Wednesday, following Tuesday’s 7.09% sell-off, to end the day at $0.09427.An early morning intraday high $0.10084 saw Cardano’s ADA break through the first major resistance level...
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- S&P 500 Price Forecast – S&P 500 drops to major support level
- The S&P 500 has had a horrible open to the Wednesday session, dropping down towards the 2800 level. This is an area that has been important more than once, so I think it’ll be interesting to see whether we find buyers in this area. The 2800...
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- Silver Price Forecast – precious metals get hammered on Wednesday
- Silver markets have been absolutely hammered during the trading session on Wednesday, slicing through the last vestiges of support. At this point, I think that the market will probably go looking towards the $14 level underneath, where we have seen a mass...
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- Crude Oil Price Forecast – crude oil gets hammered on Wednesday
- WTI Crude OilThe WTI Crude Oil market has broken down significantly during the trading session on Wednesday, slicing through major support at the $65 level. Ultimately, this market should continue to go much lower, unless of course something changes drast...
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- Price of Gold Fundamental Daily Forecast – Rapid Turnaround in Euro May Save Gold from Plunging to $
- Short-sellers continue to dominate the gold market early Wednesday, driving the precious metal to its lowest level in 17 months, while putting it in a position to challenge the January 3, 2017 daily chart bottom at $1184.00.At 0747 GMT, December Comex Gol...
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- Oil Price Fundamental Daily Forecast – U.S. EIA Stocks Report Expected to Show 2.6 Mb Drawdown
- U.S. West Texas Intermediate and international-benchmark Brent crude oil futures finished slightly lower on Tuesday after giving back earlier gains. Advances were capped by concerns that a rising U.S. Dollar would dampen demand for the dollar-denominated...
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- DAX Index Price Forecast – DAX To Continue Range Bound Movement As Turkish Crisis Woes Grip European
- Germany equities were mixed at the close on Tuesday, as gains in the Utilities, Consumer & Cyclical and Chemicals sectors propelled shares higher while losses in the Media, Retail and Basic Resources sectors led shares lower. At the close in Frankfurt...
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- E-mini Dow Jones Industrial Average (YM) Futures Analysis – Strengthens Over 25287, Weakens Under 25
- Aversion to risk is helping to put pressure on the Dow during the early futures session. After posting a triple-digit gain on Tuesday, sellers came in early Wednesday to put a cap on the rally as investors continued to express concerns over the financial...
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- GBP/USD Daily Price Forecast – GBP/USD Tests 1.269 Handle Ahead of UK CPI Data
- Asia experienced a major turnaround in risk sentiment after the Turkish Lira and Chinese Yuan resumed its recent declines, triggered a wave of risk-aversion across the financial markets. The US dollar regained poise versus its main rivals and reached the...
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- Crude Oil Price Update – Weakens Under $65.92, Strengthens Over $66.95
- U.S. West Texas Intermediate crude oil futures are trading lower early Wednesday after posting a steep-sell-off on Tuesday. The catalyst behind the selling pressure is private report showing increased U.S. crude inventories and growing concerns that a glo...