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Metals Pack Fundamental Analysis December 19, 2014 Forecast – Silver & Copper

December 18, 2014
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Metals Pack Fundamental Analysis December 19, 2014 Forecast – Silver & Copper

Analysis and Recommendations: Silver gained a bit to trade back over the $16.00 price level today while Copper also gained to reach 2.878 recovering from yesterday’s losses. Precious metal prices were much higher in Europe on Thursday, after the Federal Open Market Committee issued a policy statement at the conclusion of its two-day meeting that said it would be “patient” in hiking interest rates.  After initially posting losses, the white metal was pushed up as the market interpreted the FOMC’s statement as dovish — which is bad for the dollar and so good for precious metals. Base metals remained weak in Thursday morning LME trading on weak end-of-year sentiment triggered by economic growth fears, the Russian currency crisis and...

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Gold Fundamental Analysis December 19, 2014 Forecast

December 18, 2014
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Gold Fundamental Analysis December 19, 2014 Forecast

Gold Fundamental Analysis December 19, 2014 Forecast Analysis and Recommendations: Gold gained steadily this morning to trade at 1209.00 after Russia’s Putin had very little to say, leaving traders stressed over the situation in Moscow. The FOMC statement and Janet Yellen’s press conference seems to be having a bigger effects on the market today then yesterday as traders try to reinterpret her words. Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take...

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Crude & Brent Oil Fundamental Analysis December 19, 2014 Forecast

December 18, 2014
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Crude & Brent Oil Fundamental Analysis December 19, 2014 Forecast

Crude Brent Oil Fundamental Analysis December 19, 2014 Forecast Analysis and Recommendations: Crude Oil gained over $1.60 to trade at 58.44 while Brent oil reached 63.05. Brent Oil recovered slightly but was little in the headlines beyond Wednesday’s EIA announcement and pledges from Saudi Arabia that it would continue production quota at its present level. Oil headed for its biggest gain in more than two weeks amid speculation that crude’s plunge to a five-year low may have been excessive....

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AUD/USD Forex Technical Analysis – December 16, 2014 Forecast

December 16, 2014
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AUD/USD Forex Technical Analysis – December 16, 2014 Forecast

The AUD/USD is trading higher after flirting with the .8200 level. This buying may have been a reaction to a psychological level or the action by the Russian central bank. No one knows for certain, but the chart pattern suggests the selling momentum has been slowing for three days....

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Comex Gold Futures (GC) Technical Analysis – December 16, 2014 Forecast

December 16, 2014
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Comex Gold Futures (GC) Technical Analysis – December 16, 2014 Forecast

On Monday, February Comex Gold broke through a steep angle and dropped sharply into two key 50% levels. The market stopped there as buyers came in to defend the trend. Overnight, the market is trading lower, but inside yesterday’s range. This indicates trader indecision, but with a slight bias...

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Natural Gas Fundamental Analysis December 17, 2014 Forecast

December 16, 2014
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Natural Gas Fundamental Analysis December 17, 2014 Forecast

Analysis and Recommendations: Natural Gas  gained 22 points as the weather turned to freeze in the US and the long term forecast predicts some major storms between now and Christmas. Natural gas is trading 3.741.  Natural gas futures rose the most in more than three weeks as weather forecasts...

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USD/CAD Weekly Fundamental Analysis, December 15-19, 2014 Forecast

December 14, 2014
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USD/CAD Weekly Fundamental Analysis, December 15-19, 2014 Forecast

Weekly Analysis and Recommendation: The USD/CAD soared to a new high at 1.1580 as the US dollar soared this week and oil prices weighed on the commodity currency.  The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, fell 0.1 percent to 1,116.66, extending this...

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EUR/USD Weekly Fundamental Analysis, December 15-19, 2014 Forecast

December 14, 2014
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EUR/USD Weekly Fundamental Analysis, December 15-19, 2014 Forecast

Weekly Analysis and Recommendation: The EUR/USD soared on Friday afternoon to trade at 1.2462 as the US dollar tumbled while traders rethought ECB plans after comments from members all week.  France’s largest bank is targeting a 7 percent decline by the euro to $1.15 next year and a 7...

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EUR/GBP Weekly Fundamental Analysis, December 15-19, 2014 Forecast

December 14, 2014
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EUR/GBP Weekly Fundamental Analysis, December 15-19, 2014 Forecast

Weekly Analysis and Recommendations The EUR/GBP gained on the strength of the euro late on Friday to close the week at 0.7929. According to Eurostat, the drop in production in November was led by energy, down 1.9 percent, and capital goods, which fell 0.2 percent. It said output declined...

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API Shows Higher US Production Ahead Of EIA Inventory

December 10, 2014
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API Shows Higher US Production Ahead Of EIA Inventory

API Shows Higher US Production Ahead Of EIA Inventory Crude oil got hit hard as traders moved to safe haven assets. The drop in the US dollar did little to assist oil prices. Crude oil is down 90 cents at 62.93 and Brent oil eased 75 cents to 66.00....

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EURUSD bear bias today for roll to 1.2341, maybe 1.2289; but above 1.2457 sees risk to 1.2507

December 10, 2014
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EURUSD bear bias today for roll to 1.2341, maybe 1.2289; but above 1.2457 sees risk to 1.2507

Another rebound effort Tuesday, after a Monday probe to another new cycle low, and despite the probe of the trend lines, now at 1.2420/30, the better barrier at 1.2457 capped for a roll lower to leaves negative pressures intact. Short-term Outlook – Downside Risks: Through mid-December, we still see...

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Bitcoin Continues to Plunge

December 10, 2014
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Bitcoin Continues to Plunge

Price action pushed the Bitcoin lower, with it almost touching the $340 level. However, buying pressures brought the price back above key support. Prices were bid higher and managed to close above the third weekly resistance at $350.42. Prices currently stand at $352.99 on the BitStamp exchange, down $8.31...

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Gold Traders Abandon The Precious Metal

December 8, 2014
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Gold Traders Abandon The Precious Metal

Gold Traders Abandon The Precious Metal Is the gold recovery over?  Precious metal speculators seem ready to abandon the shiny metal after US data continues to support a strong recovery and the possibility of an earlier than later interest rate increase from the FOMC. Global inflation rates continue to...

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Oil Prices Continue To Look For A Bottom

December 8, 2014
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Oil Prices Continue To Look For A Bottom

Oil Prices Continue To Look For A Bottom Oil continued its downward march.  Crude oil declined 78 cents in the morning session to trade at 65.07 as Brent oil fell by 45 cents to reach 68.25. The stronger US dollar as well as a possible rate increased weighed on...

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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 8, 2014 Forecast

December 8, 2014
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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 8, 2014 Forecast

From the charts, it looks like the December E-mini NASDAQ-100 Index futures market had no reaction to Friday’s stronger-than-expected U.S. Non-Farm Payrolls report, but the lack of movement and price action actually speaks volumes. The lack of interest on the upside after a bullish report suggests investors may be...

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Crude & Brent Oil Weekly Fundamental Analysis, December 8-12, 2014, Forecast

December 6, 2014
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Crude & Brent Oil Weekly Fundamental Analysis, December 8-12, 2014, Forecast

Crude Brent Oil Weekly Fundamental Analysis, December 8-12, 2014, Forecast Weekly Analysis and Recommendation:  Crude Oil tumbled 1.20 to trade at 68.70 touching a new low while Brent Oil matched the decline to trade at 68.70 after Saudi Arabia lowered its prices to the US market. The US jobs...

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Natural Gas Weekly Fundamental Analysis, December 8-12, 2014, Forecast

December 6, 2014
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Natural Gas Weekly Fundamental Analysis, December 8-12, 2014, Forecast

Natural Gas Weekly Fundamental Analysis, December 8-12, 2014, Forecast Weekly Analysis and Recommendation: Natural Gas regained a lot of its weekly losses adding 137 points on Friday to trade at 3.786 as the weather forecasts turned colder. Despite bearish inventory report from the US Energy Information Administration (EIA), natural...

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Metals Pack Weekly Fundamental Analysis, December 8-12, 2014, Forecast – Silver & Copper

December 6, 2014
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Metals Pack Weekly Fundamental Analysis, December 8-12, 2014, Forecast – Silver & Copper

Weekly Analysis and Recommendations: Silver gave up 285 points on Friday to end the week at 16.29 down for the week but remaining in a fairly tight trading range as precious metals turned negative after US jobs data printed better than expected. Copper continued to fall all week long...

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NASDAQ Forecast December 4, 2014, Technical Analysis

December 4, 2014
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NASDAQ Forecast December 4, 2014, Technical Analysis

The NASDAQ as you can see rose slightly during the session on Wednesday as we continue to consolidate in this general vicinity. We believe that this market is going to continue to go higher, and as a result we are bullish of the NASDAQ in general. We believe that...

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DAX Forecast December 4, 2014, Technical Analysis

December 4, 2014
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DAX Forecast December 4, 2014, Technical Analysis

The DAX as you can see went back and forth during the course of the session on Wednesday, showing the market to be a bit difficult to deal with at the moment as we can necessarily go anywhere the moment. That being the case, the market should continue to...

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