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Natural Gas Fundamental Analysis August 1, 2014 Forecast

July 31, 2014
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Natural Gas Fundamental Analysis August 1, 2014 Forecast

Natural Gas Fundamental Analysis August 1, 2014 Forecast Analysis and Recommendations: Natural Gas gained 25 points ahead of the weekly inventory release supported by warmer temperatures across the US along with higher temperatures forecast over the next week. A fight is brewing over whether Energy Department regulators should weigh the impact of liquefied natural gas on climate change before granting companies permission to ship the product abroad. The dueling pressures on the department from industry officials and green groups are part of a wider dispute over whether natural gas is a friend or enemy in battles against global warming. Natural gas emits far less carbon dioxide than coal when burned to create electricity. But leaks of the potent greenhouse...

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Asian Sellers Drive Crude Oil Futures Under Psychological $100 Level

July 31, 2014
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Asian Sellers Drive Crude Oil Futures Under Psychological $100 Level

Sellers continued to maintain control of the September Crude Oil market on Thursday. Overnight, Asian traders drove the futures contract through the psychological $100 support level. Much of the selling pressure was attributed to this week’s bearish inventory report. On Wednesday, the U.S. Energy Information Administration reported U.S. oil stockpiles fell by 3.7 million barrels in the week-ended July 25. Traders were looking for a 1.8 million-barrel decline. U.S. refineries continue to operate at peak summer levels, but this...

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EUR/USD Mid-Session Technical Analysis for July 31, 2014

July 31, 2014
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EUR/USD Mid-Session Technical Analysis for July 31, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is posting an inside day at the mid-session. Downside momentum has slowed considerably since yesterday’s sell-off into a new low for the year. The sideways price action may be indicative of position squaring ahead of tomorrow’s U.S. Non-Farm Payrolls report. The nearest downtrending angle drops in at 1.3350 today. This angle, moving down .002 per day from the 1.3650 top on July 10, stopped the break on Wednesday. Traders should treat...

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EUR/USD Mid-Session Technical Analysis for July 29, 2014

July 29, 2014
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EUR/USD Mid-Session Technical Analysis for July 29, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD After posting a new low for the year on July 25 at 1.3421 and an inside day, higher-close on Monday, selling pressure resumed in the EUR/USD today, driving the market to a new 2014 low at 1.3410. If downside momentum continues then look...

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Former Citi’s Global Head of FX Plans to Open Own Hedge Fund

July 29, 2014
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Former Head of Global FX at Citigroup Anil Prasad has disclosed plans to create his own hedge fund early next year after invoking the Dodd-Frank Act’s Volcker Rule. Industry insiders believe Prasad’s fund may step in to fill the void left by FX Concepts, once the world’s biggest FX...

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Daily Forex Analysis: EUR, USD, JPY, GOLD

July 29, 2014
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Daily Forex Analysis:  EUR, USD, JPY, GOLD

EURUSD Daily Forex Analysis: EUR, USD, JPY, GOLD   (Chart Source:  CornerTrader) For the past couple of days the pair has been trending lower. Last week the pair managed to decisively break below multi-week support region at 1.3500-1.3510. The pair remains firmly supported above this region in the short...

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NASDAQ forecast for the week of July 28, 2014, Technical Analysis

July 27, 2014
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NASDAQ forecast for the week of July 28, 2014, Technical Analysis

The NASDAQ tried to rally during the course of the week, but as you can see gave back most of the gains. In the end, we ended up forming a shooting star which of course is a sign of weakness, but we have enough support below that we do...

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DAX forecast for the week of July 28, 2014, Technical Analysis

July 27, 2014
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DAX forecast for the week of July 28, 2014, Technical Analysis

The DAX went back and forth during the course of the week, eventually settling on a relatively neutral candle. It appears that the market is trying to find a little bit of momentum to break out to the upside, as the €10,000 level has been a significant barrier. That...

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Nikkei forecast for the week of July 28, 2014, Technical Analysis

July 27, 2014
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Nikkei forecast for the week of July 28, 2014, Technical Analysis

The Nikkei as you can see had a positive week, closing close to the ¥15,500 level. It is not until we break above that level though that we feel confident enough to start buying, and pullbacks at this point in time should simply be an opportunity to pick up...

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Gold Set to Post Second Straight Weekly Loss

July 25, 2014
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Gold Set to Post Second Straight Weekly Loss

December Comex Gold futures recovered slightly on Friday after yesterday’s sharp sell-off. Oversold conditions on the daily chart and a successful test of a key retracement area are contributing to the supportive price action. Gains are being capped, however, by the stronger U.S. Dollar. Since gold is dollar-denominated, a...

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EUR/USD Mid-Session Technical Analysis for July 25, 2014

July 25, 2014
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EUR/USD Mid-Session Technical Analysis for July 25, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD resumed its downtrend on Friday after briefly showing signs of a bottom yesterday at 1.3437. Today’s move to 1.3426 was a new low for the year. Based on yesterday’s and today’s price action, the resistance is clearly the February 3 bottom...

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Corn CME December contract Daily Forecast – 24 July 2014

July 25, 2014
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Corn CME December contract Daily Forecast – 24 July 2014

Corn CME December contract Daily Forecast – 24 July 2014 Corn broke 368/367 but held above our next target of 364/363. Immediate resistance seen at 374/75 could hold the bounce today but above here we have a gap to fill at 378 for a selling opportunity with stops above...

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Live To Trade Another Day

July 23, 2014
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Live To Trade Another Day

In traditional investing, risk is viewed as volatility or standard deviation of the asset’s marked to market value. Standard deviation tells you how much an investment’s value will fluctuate from the average return. The more volatile the investment is likely to swing (both positively and negatively) around it’s own...

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Crude Oil Trading Better on Expectations of Inventory Drawdown

July 23, 2014
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Crude Oil Trading Better on Expectations of Inventory Drawdown

September Crude Oil futures are posting a small gain shortly before the release of today’s U.S. Energy Information Administration (EIA) supply/demand report. Late last night, the American Petroleum Institute (API) weekly report showed a 0.555 million-barrel draw for crude, less than expected. At 10:30 a.m. ET, the EIA will...

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EUR/USD Mid-Session Technical Analysis for July 23, 2014

July 23, 2014
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EUR/USD Mid-Session Technical Analysis for July 23, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is trading slightly better at the mid-session after breaking to a new contract low earlier in the day. The current price action suggests the market may be oversold and setting up for a possible short-covering driven closing price reversal bottom. Crossing...

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USD/CAD Fundamental Analysis July 22, 2014 Forecast

July 21, 2014
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USD/CAD Fundamental Analysis July 22, 2014 Forecast

Analysis and Recommendations: The USD/CAD was the only currency to move today adding 9 points to trade at 1.0745 back in its trading range of last week. For now, we see the CAD maintaining recent ranges against a host of currencies after this past week’s Bank of Canada event...

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Forex, Commodity Markets Remain Jittery

July 21, 2014
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Forex, Commodity Markets Remain Jittery

Foreign currency and commodity investors remained nervous on Monday because of the geopolitical events in Ukraine and the Gaza strip. On Monday, investors increased positions in the safe haven U.S. Dollar, Japanese Yen and gold markets. Investors remained jittery because of the strained relationship between Ukraine and Russia over...

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EUR/USD Mid-Session Technical Analysis for July 21, 2014

July 21, 2014
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EUR/USD Mid-Session Technical Analysis for July 21, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD Last Friday, the EUR/USD broke through the two month low at 1.3502, but buyers came in at 1.3490, triggering a strong rebound rally. The move was proof that the major players were still defending the low of the year at 1.3476. Today, the...

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EUR/GBP Weekly Fundamental Analysis July 21 – 25, 2014 Forecast

July 19, 2014
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EUR/GBP Weekly Fundamental Analysis July 21 – 25, 2014 Forecast

Weekly Analysis and Recommendations The EUR/GBP declined for the week to trade at 0.7913 as the euro weakened. Sterling held steady on Friday and remained on track for a big weekly gain against the euro, as investors bet on further divergence in monetary policy between Britain and the euro...

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GBP/USD Weekly Fundamental Analysis July 21 – 25, 2014 Forecast

July 19, 2014
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GBP/USD Weekly Fundamental Analysis July 21 – 25, 2014 Forecast

Weekly Analysis and Recommendation:   The GBP/USD ended the week on a weak note at 1.7071 even though data was stronger for the pound this week. The move away from currencies and indications that the Bank of England would continue to hold fire allowed the currency to fall. Investors will...

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