E-mini Dow Jones Industrial Average (YM) Futures Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 11:26:11 +0000
September E-mini Dow Jones Industrial Average futures are trading slightly lower shortly before the cash market opening. The main trend is down according to the daily swing chart. The short-term range is 17319 to 17721. Its pivot is 17520. Trader reaction to this price will set the tone for the day. A sustained move under […]
E-mini Russell 2000 Index (TF) Futures Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 11:05:32 +0000
September E-mini Russell 2000 Index futures are trading sideways-to-lower during the pre-market session. The market is currently trading between a pair of retracement zones, suggesting investor indecision. They may be waiting for clarity regarding the Fed’s decision to raise interest rates. This is likely to occur, following the release of the U.S. Non-Farm Payrolls report […]
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 10:30:50 +0000
September E-mini NASDAQ-100 Index futures are trading flat-to-lower shortly before the cash market opening. The main trend is up according to the daily swing chart, but momentum appears to be shifting to the downside. This may not mean the trend is getting ready to turn down, but it could just be consolidation ahead of Friday’s […]
EUR/GBP Fundamental Analysis – August 5, 2015 – Forecast
Tue, 04 Aug 2015 10:16:14 +0000
Analysis and Recommendations: The EUR/GBP is flat at 0.7028 as both the currencies saw low level data but remained without direction today. The pound saw National Housing Prices which met expectation while the euro witnessed a decline in Spanish employment. The balancing factor was the drop in UK construction which kept the pound weak. Strength in […]
GBP/USD Fundamental Analysis – August 5, 2015 – Forecast
Tue, 04 Aug 2015 10:10:50 +0000
Analysis and Recommendations: The GBP/USD dipped 9 points after UK construction PMI missed expectations but remained positive. The pound moved to 1.5618 fighting a stronger US dollar. The pound fell against the dollar and the euro on Tuesday, after growth in Britain’s construction industry slowed unexpectedly in July. The monthly Markit/CIPS UK construction purchasing managers’ […]
USD/CAD Fundamental Analysis – August 5, 2015 – Forecast
Tue, 04 Aug 2015 10:09:04 +0000
Analysis and Recommendations: The USD/CAD continued to climb as the Loonie is on the edge with gold and oil remaining depressed and the dollar climbing as the FOMC meeting looms closer. The pair added 63 points to trade at 1.3154. Data on Monday showed slightly weaker US manufacturing activity and a modest gain in consumer […]
Crude & Brent Oil Fundamental Analysis – August 5, 2015 – Forecast
Tue, 04 Aug 2015 10:04:26 +0000
Analysis and Recommendations: Crude Oil dipped 76 cents today heading towards a new bottom as Brent Oil tumbled $1.14 on comments that Iran could quickly ramp up production. “There’s a price range of $45 to $65 for West Texas Intermediate crude that’s needed to make U.S. shale oil profitable,” said Olivier Jakob, managing director at […]
Industrial and Base Metals Fundamental Analysis – August 5, 2015 – Forecast – Copper, Palladium & More
Tue, 04 Aug 2015 10:01:30 +0000
Analysis and Recommendations: Copper fell 30 more points looking to touch a 6 year low at 2.334 after lackluster Chinese data sent the commodities markets tumbling on Monday. Palladium surprised and gained $1.35 to 612.20 as auto sales posted better sales figures than expected. As copper and aluminum prices sank to six-year lows on the […]
Natural Gas Fundamental Analysis – August 5, 2015 – Forecast
Tue, 04 Aug 2015 09:57:03 +0000
Analysis and Recommendations: Natural Gas  climbed 46 points but remains near the bottom of its average trading range as supply far outpaces demand. NG is trading at 2.763. Futures: U.S. futures have averaged $2.77 per thousand cubic feet through the first half of the year, 40 percent lower than last year. Residential prices: Averaged 9 […]
EUR/USD Mid-Session Technical Analysis for August 4, 2015
Tue, 04 Aug 2015 09:53:35 +0000
Daily EUR/USD Technical Analysis The EUR/USD is trading slightly higher at the mid-session. The main trend is down according to the daily swing chart. The short-term range is 1.0808 to 1.1129. Its retracement zone is 1.0969 to 1.0931. The market has been testing this range over the last five days. The current price is 1.0965. […]
Precious Metals Fundamental Analysis – August 5, 2015 – Forecast – Gold, Silver & Platinum
Tue, 04 Aug 2015 09:53:02 +0000
Analysis and Recommendations: Gold eased $2.50 recovering from its losses in the Asian session to trade at 1092.60. Silver remained on the bottom at 14.675 and platinum was down $6.35 at 978.65. Gold tumbled to a five-year low in July as Fed Chair Janet Yellen said the central bank is on track for raising rates, […]
EUR/USD Fundamental Analysis – August 5, 2015 – Forecast
Tue, 04 Aug 2015 09:49:52 +0000
Analysis and Recommendations: The EUR/USD was directionless today with little on the economics calendar and little in the way of headlines as traders were focused on the commodities weakness. The euro is trading at 109.77 moving between gains and losses. The euro was under pressure on Tuesday following a sell-off in New York as a […]
E-mini S&P 500 Index (ES) Futures Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 09:29:15 +0000
September E-mini S&P 500 Index futures are trading flat shortly ahead of the cash market opening. The main trend is up according to the daily swing chart, but momentum appears to be shifting to the downside. The main range is 2126.25 to 2056.50. The retracement zone is 2091.25 to 2099.50. The market has straddled this […]
US Dollar Index (DX) Futures Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 09:09:47 +0000
Although the main trend is up on the daily swing chart, September U.S. Dollar Index futures appear to be losing upside momentum, leading to a consolidation chart pattern. From all appearances, it looks as if traders are undecided about their next move. This may lead to a sideways trade into Friday’s U.S. Non-Farm Payrolls report. […]
Comex Gold Futures (GC) Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 08:50:18 +0000
December Comex Gold futures continue to consolidate inside the $1073.70 to $1104.90 range. The longer the market remains inside this range, the greater the volatility once it begins to breakout. Traders seem to be waiting for direction before making their next move. They may have to wait until Friday when the U.S. releases its latest […]
Comex High Grade Copper Futures (HG) Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 08:31:04 +0000
September Comex High Grade Copper is trading better shortly ahead of the cash market opening. On Monday, sellers took out the previous main bottom at 2.3375. This triggered a move into a new low for the year at 2.3215. The selling dried up at 2.3215, leading to a short-covering rally into the close. It wasn’t […]
30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 07:55:49 +0000
September 30-Year U.S. Treasury Bonds are trading flat shortly before the cash market opening. Yesterday’s surge and strong close gives the market an early upside bias, but there hasn’t been a follow-through to the upside. If there is a follow-through rally then look for the move to extend into the major Fibonacci level at 158’13. […]
10-Yr U.S. Treasury Notes (TY) Futures Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 07:35:50 +0000
September 10-Year U.S. Treasury Notes are trading lower shortly before the cash market opening. Yesterday, the market surged to its highest level since April 30. The close was also on the strong side of a Fibonacci level at 127’20.5, giving it an early upside bias. The main trend is up according to the daily swing […]
AUD/USD Forex Technical Analysis – August 4, 2015 Forecast
Tue, 04 Aug 2015 07:16:05 +0000
The AUD/USD rallied sharply higher after the Reserve Bank of Australia kept its benchmark cash interest rate unchanged at 2%. The market firmed after RBA Governor Glenn Stevens suggested the Australian economy is on track. Traders reacted as if this meant we’ve seen the end of the interest rate cycle. In a written statement, Governor […]
Technical Analysis Natural Gas for 8/4/15
Tue, 04 Aug 2015 06:13:38 +0000
Natural Gas prices moved higher on Monday, as warmer than expected weather is supposed to infiltrate most of the United States over the next 8-14 days according to NOAA.  Softer than expected manufacturing number released by the Institute of Supply Management did little to help price action.  With crude prices continuing to fall, traders will […]
Technical Analysis Crude Oil for 8/4/15
Tue, 04 Aug 2015 06:11:20 +0000
Crude oil prices tumbled through horizontal trend line support and is poised to test the lows from March at $42.03.  Prices were pulled down by the softer than expected Chinese PMI report. The China CAIXIN Manufacturing PMI fell to 47.8 in July, down from 49.4 in the previous month. The drop to a 2-year low […]
Technical Analysis EUR/USD for 8/4/15
Tue, 04 Aug 2015 06:09:27 +0000
EUR/USD managed 1.0988 highs after opening near 1.0950, though has since fallen back to the 1.0945 level, despite the downdraft in yields in the U.S. Greece concerns remain a weight on the euro, as the 20% fall in Greek equities following it re-open from a five-week halt, was a wake-up call to the markets. Friday’s […]
Nikkei Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:52:53 +0000
The Nikkei initially fell during the course of the session on Monday, testing the Â¥20,400 level for support. We did in fact find it there, and bounced significantly enough to form a hammer. The hammer of course is one of the more bullish candlesticks that you can find, and with that we are buyers on […]
DAX Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:51:20 +0000
The DAX as you can see had a very strong session on Monday, breaking above the top of the €11,300 level. The reason this area is so important is the fact that we have formed two hammers previously that stopped right at that level. By breaking above that area and clearing the gap from several […]
NASDAQ Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:49:30 +0000
The NASDAQ as you can see fell during the course of the session on Monday, as the stock markets in America all drifted a bit lower. However, we think there is more than enough support below to keep this market going higher, but we do not have the right supportive candle in order to start […]
MIB Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:46:48 +0000
The MIB broke higher during the course of the session on Monday, clearing the top of the hammer that had formed on Friday. Because of this, we believe that this market continues to grind higher, probably aiming for the next large round number in the form of 24,000 at this point in time. We are […]
Ibex Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:45:14 +0000
The Ibex broke higher during the course of the session on Monday as all European indices did, breaking the top of the hammer from Friday. With this, the market should then continue to go towards the €11,500 level. We believe that pullbacks continue to offer short-term buying opportunities, and that the market has found a […]
CAC Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:43:50 +0000
The Parisian index broke higher during the course of the session on Monday, breaking the top of the hammer from the Friday session. Because of this, we appear to be building up bullish momentum, and as a result we should continue to go higher. Any type of a pullback at this point in time should […]
S&P 500 Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:41:55 +0000
The S&P 500 fell hard during the course of the session on Monday, breaking through the 2100 level. However, the market looks as if there is plenty of support below there though, so we are simply waiting to see if we get some type of supportive candle in order to go long. We have no […]
FTSE Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:40:20 +0000
The FTSE went back and forth during the course of the session on Monday, struggling at 6700. Ultimately though, we believe that this market will continue to go higher, so we can break the top of the range we are buyers. On the other hand, if we pull back a little bit we would wait […]
Dow Jones 30 Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:38:50 +0000
The Dow Jones 30 as you can see fell hard during the course of the session on Monday, as we continue to struggle overall. Ultimately though, we do believe that there is a bit of support just below, even though the markets are not showing any real signs of turning back around at the moment. […]
US Dollar Index Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:37:15 +0000
The US Dollar Index went back and forth during the course of the session on Monday, and as a result we believe that this market will continue to be choppy, but we do believe that there’s plenty of bullish pressure underneath. With this, we believe that a break of the top of the range from […]
Silver Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:35:42 +0000
Silver markets continue to bounce around, as the $14.50 level below is supportive, and the $15.00 level above is resistance. With this being the case, the market looks like it is ready to consolidate overall, but at this point in time it is going to be difficult to trade this market unless of course you […]
Crude Oil Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:33:48 +0000
Light Sweet Crude The light sweet crude market fell hard during the course of the session on Monday, breaking below the $46 level significantly. With this, the market did in fact reach towards $45, as the market continues to show weakness. This market simply cannot get out of its own way, and therefore we have […]
Natural Gas Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:31:22 +0000
The natural gas markets initially tried to rally during the course of the session on Monday, but found so much resistance near the $2.80 level that we turned back around to form a shooting star. With this, we are sitting just above the $2.70 level, and look ready to go lower. We believe that selling […]
Gold Prices August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:29:37 +0000
The gold markets fell slightly during the session on Monday, but at the end of the day there really isn’t too much to discern from this move in. After all, the $1100 level above is resistance, but the $1080 level below is support. We believe that the market bouncing around should continue, especially considering that […]
USD/JPY Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:27:44 +0000
The USD/JPY pair went back and forth during the course of the session on Monday, essentially settling nothing. With that, we believe that the market ultimately is bullish, but at the end of the day we don’t really have much in the way of interest in putting money to work at the moment. A little […]
USD/CHF Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:26:06 +0000
The USD/CHF pair broke higher during the day on Monday, breaking the top of the hammer from Friday. We believe that this market continues to go higher, and that it should eventually reach towards the 0.98 handle, and then perhaps parity. The Swiss National Bank continues to work against the value of the Swiss franc […]
USD/CAD Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:24:37 +0000
The USD/CAD pair broke higher during the course of the session on Wednesday, breaking above the 1.31 handle handily. We believe that the market will continue to find buyers every time it dips, especially considering that the oil markets show so much in the way of weakness. Remember, the oil markets highly influence what happens […]
NZD/ USD Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:22:53 +0000
The NZD/USD pair initially rallied during the course of the session on Monday, but turned back around to form a little bit of a shooting star. Quite frankly, this is a downtrend and we believe that it will continue. We believe that the 0.65 level will be targeted next, and perhaps a move below there […]
GBP/USD Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:21:16 +0000
The GBP/USD pair fell again during the session on Monday, but we are essentially just grinding sideways overall. With that being the case, the market looks as if we could see significant consolidation in the short-term, but ultimately we believe that this pair does go higher. With this, we are buyers in general, as the […]
EUR/USD Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:19:21 +0000
The EUR/USD pair fell slightly during the course of the session on Monday, as we simply meandered below the 1.10 level. With this, the market looks like its essentially grinding lower, but there isn’t too much to move the markets at the moment and we also have to keep in mind that the time of […]
EUR/JPY Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:17:48 +0000
The EUR/JPY pair fell slightly during the course of the day on Monday, but there should still be a significant amount of support all the way down to the 134 handle. Because of this, we feel that it’s probably best to just to sit on the sidelines and wait for a longer-term signal. At this […]
EUR/GBP Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:16:04 +0000
The EUR/GBP pair went back and forth during the course of the day on Monday, bouncing off of the 0.70 level. However, the market essentially went nowhere before was all said and done, and as a result we are on the sidelines. This is a market that is sitting just above significant support, so quite […]
EUR/CHF Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:14:05 +0000
The EUR/CHF pair rose slightly during the course of the session on Monday, using the 1.06 level as support. The market should continue to go higher over the longer term though, because we believe that the Swiss National Bank will not allow this market to drop much further. With this, we are bullish but we […]
Commodities Rout Weighs Heavily On Asian Currencies
Tue, 04 Aug 2015 05:05:26 +0000
The global commodities run is weighing heavily on the Tasmanian currencies with the Aussie only adding 7 points moving off its bottom after retail sales beat forecasts pushing the AUD out of the red to trade at 0.7292. The Aussie was able to gather momentum after the RBA held rates and policy this morning.  Australia’s […]
AUD/USD Forecast August 4, 2015, Technical Analysis
Tue, 04 Aug 2015 05:05:08 +0000
During the session today, we will be hearing from the Reserve Bank of Australia. They are expected to do very little as far as the rates are concerned, but the statement will of course be important. Any rally at this point in time though, we look at as a selling opportunity once things calmed down. […]
Metals Bleed Red
Tue, 04 Aug 2015 04:37:34 +0000
Gold seemed immune to the commodities rout as industrial metals and other precious metals tumbled hard. Gold remained locked in its recent trading range. In the Asian session gold gave up $5.70 to trade at 1083.70 staying dead center of its trading zone. Silver fell 100 points this morning to 14.416 heading to its lowest […]
Iran & US Rig Count Send Oil Prices Below $50
Tue, 04 Aug 2015 04:16:33 +0000
Crude oil recovered 33 cents in the Asian session as traders took advantage of the steep declines to buy up the cheap commodity. WTI oil fell as low as 45.17 and is trading at 45.50 this morning. Brent oil did not do as well as crude, as it gained 24 cents to trade at 49.79 […]
EUR/JPY Fundamental Analysis – August 5, 2015 – Forecast
Tue, 04 Aug 2015 03:56:41 +0000
Analysis and Recommendations: The EUR/JPY is trading at 135.83 adding a point this morning as the JPY gained as traders looked for safety against the euro after Greece’s financial problems moved back to the headlines yesterday.  Japan’s inflation-adjusted real wages fell in June from a year earlier at the fastest pace in seven months and […]
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