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E-mini Russell 2000 Index (TF) Futures Technical Analysis – August 18, 2015 Forecast

August 18, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – August 18, 2015 Forecast

September E-mini Russell 2000 Index futures are trading lower shortly before the cash market opening. Earlier in the session, the market posted a higher-high than the previous day, but the move stalled at 1224.80. Based on the current price at 1220.10, the direction of the market is likely to be determined by trader reaction to the short-term Fibonacci level at 1220.80. Daily September E-mini Russell 2000 Index Crossing to the bullish side of the Fib level at 1220.80 will give the market a bullish tone. The first upside objective is a downtrending angle at 1228.20. This angle is potential resistance, but also a trigger point for an upside breakout. The first upside target over 1228.20 is the main top...

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GBP/USD Rallies on Better Consumer Inflation

August 18, 2015
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GBP/USD Rallies on Better Consumer Inflation

The GBP/USD rallied on Tuesday after the Office for National Statistics reported that the U.K.’s inflation rate turned positive in July, with the Consumer Price Index rising to 0.1% from June 0.0%. Traders were looking for a reading of 0.0%. The U.K.’s PPI Input came in at -0.9%, better than the -1.8% estimate and well below the same reading in June. Core CPI was up 1.2%, beating the 0.8% estimate. The British Pound was also supported by a weak...

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How to Analyze the Weekly Natural Gas Report

August 18, 2015
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How to Analyze the Weekly Natural Gas Report

Every Thursday the Department of Energy releases its estimate of inventories for natural gas storage supply in the United States.  This number is widely speculated on by analysts and natural gas prices will move rapidly if the number is different than expectations.  The number is released at 10:30 ET on Thursday unless there is a holiday earlier in the week. The Energy Information Administration will release its storage report and release statistics that show how inventories are performing relative...

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E-mini S&P 500 Index (ES) Futures Technical Analysis – August 14, 2015 Forecast

August 14, 2015
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E-mini S&P 500 Index (ES) Futures Technical Analysis – August 14, 2015 Forecast

September E-mini SP 500 Index futures are called flat shortly ahead of the cash market opening. The market is sitting inside a retracement zone, indicating investor indecision. However, the new lower top and lower bottom formed this week at 2101.75 and 2046.50 suggests there is a growing bias to...

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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – August 14, 2015 Forecast

August 14, 2015
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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – August 14, 2015 Forecast

September E-mini NASDAQ-100 Index futures are called lower based on the pre-market trade. The index is straddling a major 50% level at 4509.00. Trader reaction to this number should determine the direction of the market today and perhaps over the near-term. The first downside target is a steep uptrending...

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E-mini Russell 2000 Index (TF) Futures Technical Analysis – August 14, 2015 Forecast

August 14, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – August 14, 2015 Forecast

September E-mini Russell 2000 Index futures are trading lower shortly before the cash market opening. The main trend is down according to the daily swing chart. Daily September E-mini Russell 2000 Index For several weeks, the index has been walking down a downtrending angle. This angle at 1202.80 is...

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10-Yr U.S. Treasury Notes (TY) Futures Technical Analysis – August 12, 2015 Forecast

August 12, 2015
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10-Yr U.S. Treasury Notes (TY) Futures Technical Analysis – August 12, 2015 Forecast

A second devaluation of the Yuan by the People’s Bank of China sent September 10-Year U.S. Treasury Notes soaring during the pre-market session. The momentum created by the rally suggests the move may continue during the regular session especially if the U.S. stock market continues to sell-off. Daily September...

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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – August 12, 2015 Forecast

August 12, 2015
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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – August 12, 2015 Forecast

September 30-Year U.S. Treasury Bonds surged during the pre-market session after the People’s Bank of China devalued the Yuan a second straight day. The main trend is up according to the daily swing chart. The strong rally has also put T-Bonds on the strong side of a steep uptrending...

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EUR/USD Mid-Session Technical Analysis for August 12, 2015

August 12, 2015
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EUR/USD Mid-Session Technical Analysis for August 12, 2015

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is trading higher at the mid-session. The market surged earlier in the session before running into a downtrending resistance angle at 1.1159. Based on the current price at 1.1133, the direction of the market the rest of the session will be...

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GBP/USD Fundamental Analysis – August 11, 2015 – Forecast

August 10, 2015
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GBP/USD Fundamental Analysis – August 11, 2015 – Forecast

GBP/USD Fundamental Analysis – August 11, 2015 – Forecast Analysis and Recommendations: The GBP/USD gained a few points to trade at 1.5496 as the greenback eased a bit on a quiet day. Traders are looking towards US data late in the session and a speech on monetary policy from...

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EUR/GBP Fundamental Analysis – August 11, 2015 – Forecast

August 10, 2015
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EUR/GBP Fundamental Analysis – August 11, 2015 – Forecast

Analysis and Recommendations: The EUR/GBP gained a few points as traders have little data and headlines to keep them interested. Both the pound and the euro are trading in the green today but with little action and low volumes. The pair is trading at 0.7085. The euro surged against sterling...

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USD/CAD Fundamental Analysis – August 11, 2015 – Forecast

August 10, 2015
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USD/CAD Fundamental Analysis – August 11, 2015 – Forecast

Analysis and Recommendations: The USD/CAD added 13 points but remains dead center of its range at 1.3147 after breaking the 1.32 level last week on the stronger US dollar. Weak Chinese data is weighing on the commodity currencies around the globe. As oil prices continue to tumble and the...

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NASDAQ Forecast August 10, 2015, Technical Analysis

August 8, 2015
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NASDAQ Forecast August 10, 2015, Technical Analysis

The NASDAQ fell during the session on Friday, but remains above the 5000 level. That is a significant round number, so we could have buyers come back in and start picking this market up again. We think support runs all the way down to 4900, so quite frankly at...

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DAX Forecast August 10, 2015, Technical Analysis

August 8, 2015
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DAX Forecast August 10, 2015, Technical Analysis

The DAX as you can see fell during the course of the session on Friday, but should find support below. With that being the case, the market should have plenty of buying opportunities sooner or later, and as a result the market is one that we are not interested...

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Nikkei Forecast August 10, 2015, Technical Analysis

August 8, 2015
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Nikkei Forecast August 10, 2015, Technical Analysis

The Nikkei initially gapped lower at the open on Friday, but then turned back around to fill that gap. We closed towards the top of the week, and as a result we feel that this market is getting ready to go much higher. If we can break above the...

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US Dollar Index (DX) Futures Technical Analysis – August 6, 2015 Forecast

August 6, 2015
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US Dollar Index (DX) Futures Technical Analysis – August 6, 2015 Forecast

Today could be a volatile session for the September U.S. Dollar Index because of the Bank of England monetary policy decision. The direction of the index will be influenced by the vote of the Monetary Policy Committee members. For several years, the MPC members have been voting unanimously to...

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Technical Analysis EUR/USD for 8/6/15

August 6, 2015
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Technical Analysis EUR/USD for 8/6/15

The EUR/USD headed for support in the wake of the stronger than expected ISM services report released on Wednesday.  Dollar bulls were put on their heels initially following the weaker than expected ADP private payroll report which showed an increase of 185K jobs instead of the 215K expected by...

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Technical Analysis Crude Oil for 8/6/15

August 6, 2015
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Technical Analysis Crude Oil for 8/6/15

Crude oil prices moved lower after testing restisance levels following a stronger than expected draw in crude oil inventories.  Following the Energy Information Adminstrations report, crude oil prices moved higher but ran into strong selling near Wednesday’s highs at $46.70.  Prices then moved lower piercing through $45.  The technicals...

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AUD/USD Fundamental Analysis – August 5, 2015 – Forecast

August 4, 2015
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AUD/USD Fundamental Analysis – August 5, 2015 – Forecast

Analysis and Recommendation: The AUD/USD gained 7 points after falling to its lowest level in years. The Aussie is trading at 0.7292 as the greenback gained in the early session A jump in Australian retail sales helped move the Aussie off the bottom. Traders are awaiting the decision by...

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NZD/USD Fundamental Analysis – August 5, 2015 – Forecast

August 4, 2015
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NZD/USD Fundamental Analysis – August 5, 2015 – Forecast

Analysis and Recommendation: The NZD/USD dipped a bit farther giving up 3 points to 0.6561 as the greenback got a bounce in Asian trading. New Zealand’s dollar held a four-day decline before an auction for whole milk powder. Australia’s Reserve Bank is likely to keep interest rates on hold today,...

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