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…

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…

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…

US Stock Market Overview – Stock Slide on Apple Downgrade

US Stocks traded under pressure as losses in Apple shares pressured the broader tech sector, and weighed on the broader markets. Traders are in a holding pattern ahead of key testimony from the top Federal Reserve official Gerome Powell later…

Natural Gas Price Fundamental Daily Forecast –

Natural gas futures are inching higher on Monday shortly after the regular session opening after posting a two-sided trade during the early futures session. The price action suggests two things:  One, the market has run into technical resistance, formed by…

Price of Gold Fundamental Daily Forecast – Weak Demand for Risk Providing Some Support Ahead of Powell Speech

Gold futures are trading slightly better on Monday, while recovering some of Friday’s loss that was fueled by trader reaction to a stronger-than-expected U.S. Non-Farm Payrolls report. The market is trading inside the previous session’s range, which tends to indicate…

Oil Price Fundamental Daily Forecast – Demand Woes Keeping Markets Capped

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are inching lower shortly after the regular session opening after giving back earlier gains. The lackluster trade during the pre-market suggests investors are waiting for the next catalyst to drive…

USD/CAD Daily Forecast – Overhead Ichimoku Clouds Confining Positive Moves

The Loonie pair rang the opening bell on Monday near 1.3078 level and continued to provide some slow-growing upward movements. Anyhow, the gains for the pair got capped near 1.3083 resistance level in the Asian trading session. Still, the USD/CAD…

All Eyes Turn Focus to This Week’s Humphrey Hawkins Testimony. 

And if it’s Fed guidance they need, there should be plenty of that on offer this week when  Fed  Chair Powell delivers his semi-annual Monetary Policy Report to Congress and the Senate which should guide markets to the timing and…

Natural Gas Price Fundamental Weekly Forecast – Traders Looking for Increased Demand This Week

Natural gas futures soared on Friday to change the trend to up on the daily chart, but no significant top was taken out on the weekly chart to suggest a major change in trend was developing. This likely means that…

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