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Price of Gold Fundamental Daily Forecast – Could Firm if Fed’s Bostic Offers Dovish Rate Remarks

Gold futures are trading lower shortly after the regular session opening as investors continue to shed long positions in reaction to worries the Fed may refrain from cutting interest rates at its July 30-31 monetary policy meeting. These fears are…

GBP/USD Daily Forecast – Sterling Tumbles to Fresh Six Month Lows Below 1.25

The British Pound is the Weakest Currency in July Thus Far Support at the psychological 1.2500 handle failed to hold GBP/USD higher in the early week as the pair was last seen trading at 1.2464. Much of the decline is…

Fed Speeches are In Focus, While Apple Has Pulled The Markets Down

Corrective pullback is developing on the revaluation of the Fed’s monetary policy.  This report forced market participants to doubt that the Fed would take aggressive measures towards reducing interest rates in July. As a result, key stock indices are losing…

EUR/USD Daily Forecast – Euro Attacks 1.12 Handle

The dollar continues to outperform in the early week, sending EUR/USD to lows not seen since mid-June. The driver for the surge in the greenback is a readjustment of rate cut expectations. With several Fed members scheduled to speak over…

Natural Gas Price Fundamental Daily Forecast – Foundation There for Rally, but Need Real Buyers to Trigger Breakout

Natural gas futures posted a potentially bearish technical closing price reversal top on Monday after slamming into resistance inside an important 50% to 61.8% retracement zone. The catalyst behind the selling pressure was rising production, which offset potentially bullish weather…

USD/CAD Daily Forecast – Resilient Pair Aiming 1.3133 Key Resistance

The Loonie pair displayed a slight upward movement in the early hours, possessing some slow-growing momentum. The pair quite remarkably breached the 1.3109 resistance mark last touched earlier this month. Ahead of the day, on moving further upwards, the pair…

Oil Price Fundamental Daily Forecast – Demand Worries Outweighing Iran Concerns

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading slightly lower early Tuesday on concerns that a slowing global economy will lead to lower demand. Looking at the bigger picture, the markets are beginning to take on…

Will Powell Cause a Market Tantrum?

That is playing out now, with rates and bond traders two or three steps ahead of central banks. With that in mind, I wanted to explore tomorrow’s (midnight AEST) testimony from Fed chair Jerome Powell to the House Financial Services…

Euro Bulls: Don’t Worry About Fed Rate Cut, Worry About Massive ECB Stimulus

Most of the talk lately has been about the Federal Reserve, Treasury yields and the U.S. Dollar, but equal weight should be on the Euro especially since the European Central Bank (ECB) meets on July 25, six days before the…

Stock Market Cycle Top And Fearless Vix Signal Turning Point

Before we get into the details here I would like to touch on two myths that you as a trader need to know in terms of average profit per trade and the number of trades needed to be highly profitable.…

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