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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – May 28, 2015 Forecast

May 28, 2015
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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – May 28, 2015 Forecast

June 30-Year U.S. Treasury Bonds are called flat shortly ahead of the cash market opening. After turning the main trend to up on the daily swing chart earlier in the week, the market is now in a position to test the May 8 main top at 157’12. Taking out this price will reaffirm the uptrend. Also rollover to the September futures contract. Daily June 30-Year U.S. Treasury Bonds During the pre-market session, T-Bonds were straddling a steep uptrending angle at 156’20. A sustained move over this angle will put the market in a strong position to continue the move. A longer-term downtrending angle from the 166’27 top drops in at 157’11 today. This angle forms a tight resistance cluster...

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E-mini S&P 500 Index (ES) Futures Technical Analysis – May 28, 2015 Forecast

May 28, 2015
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E-mini S&P 500 Index (ES) Futures Technical Analysis – May 28, 2015 Forecast

June E-mini SP 500 Index futures are trading a little lower. The inability to follow-through to the upside after yesterday’s strong rally suggests investors are concerned about the lack of progress in the talks between Greece and its creditors. Daily June E-mini SP 500 Index The main trend is up on the daily swing chart. The main range is 2057.00 to 2134.00. Its 50% level at 2095.50 provided support on Tuesday when the market reached a low at 2096.00....

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – May 28, 2015 Forecast

May 28, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – May 28, 2015 Forecast

June E-mini Dow Jones Industrial Average futures are trading lower shortly ahead of the cash market opening. The pre-market session is inside yesterday’s inside range which indicates impending volatility. Traders should prepare for a volatile session today based on the current chart pattern. The catalyst behind the move could be headline news about Greece. Daily June E-mini Dow Jones Industrial Average The main range is 17629 to 18334. Its retracement zone and primary downside target is 17982 to 17898....

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Comex High Grade Copper Futures (HG) Technical Analysis – May 26, 2015 Forecast

May 26, 2015
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Comex High Grade Copper Futures (HG) Technical Analysis – May 26, 2015 Forecast

Sellers continued to push July Comex High Grade Copper futures lower during the pre-market session. Most of the recent selling pressure has been related to the drop in demand from China, today’s early selling pressure is related to the stronger dollar and concerns about a Greek default. Daily July...

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US Economy Dominates Market Trading Today

May 26, 2015
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US Economy Dominates Market Trading Today

Following the Memorial Day holiday, all US economic data have been piled onto today’s schedule. With the EUR/USD trading down this morning, traders will be highly sensitive to analyst forecasts on the US manufacturing and housing markets today, which are bordering on negative territory. US bulls could charge on...

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Euro Falls on Increased Speculation Greece Will Miss Payment

May 26, 2015
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Euro Falls on Increased Speculation Greece Will Miss Payment

The EUR/USD was under pressure on Tuesday as fears grew about Greece’s ability to pay its debt obligations. Concerns were raised over the week-end after Greek Interior Minister Nikos Voutsis said Sunday that the government won’t have the money it owes the International Monetary Fund (IMF) next month unless...

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USD/CAD Weekly Fundamental Analysis, May 25-29, 2015 – Forecast

May 24, 2015
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USD/CAD Weekly Fundamental Analysis, May 25-29, 2015 – Forecast

Weekly Analysis and Recommendation: The USD/CAD closed the week on a high note at 1.2279 adding 78 points just Friday afternoon. The greenback has gained 0.9% for the day, on pace to reach a three-week high and post its strongest week in more than three years. The dollar rose...

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DAX forecast for the week of May 25, 2015, Technical Analysis

May 24, 2015
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The DAX broke higher during the course of the week, clearing the €11,800 level. We broke the top of the hammer from the previous week, as well as the one from the week before that. Because of this, we believe that this market is ultimately going to pick up...

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Nikkei forecast for the week of May 2015, Technical Analysis

May 24, 2015
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Nikkei forecast for the week of May 2015, Technical Analysis

The Nikkei as you can see had a very bullish week, breaking out to a fresh, new high. We have been waiting for this for some time now, and quite frankly it has been a bit painful to simply sit on the sidelines and watch this market grind away....

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E-mini Russell 2000 Index (TF) Futures Technical Analysis – May 22, 2015 Forecast

May 22, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – May 22, 2015 Forecast

June E-mini Russell 2000 Index futures continued to trade inside the range established on May 19. Two days of inside trading is a strong indicator of impending volatility. Daily June E-mini Russell 2000 Index The main trend is down on the daily chart. Its main range is 1277.20 to...

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – May 22, 2015 Forecast

May 22, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – May 22, 2015 Forecast

June E-mini Dow Jones Industrial Average futures are trading better shortly ahead of the cash market opening. Yesterday, the Dow sold off early in the session, but buyers stepped in to prevent a wash-out and defend the trend, leading to a slightly better close. Daily June E-mini Dow Jones...

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Major Global Economies Loosen Currency Grip

May 22, 2015
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While Europe pushes for structural reform to maintain its economic growth momentum, Japan and the US loosened their grip on monetary tightening this week. European Growth on Track “The economic outlook for the euro area is brighter today than it has been for seven long years,” reportedMarioDraghi, president of...

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EUR/GBP Fundamental Analysis, May 21, 2015 – Forecast

May 20, 2015
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EUR/GBP Fundamental Analysis, May 21, 2015 – Forecast

Analysis and Recommendations: The EUR/GBP dipped 19 points as the euro continued to fall after the ECB indicated that they might step up their bond buying program in June. The pair is trading at 0.7165. The Greek government’s parliamentary speaker warning that it will not make a repayment to the...

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EUR/USD Mid-Session Technical Analysis for May 20, 2015

May 20, 2015
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EUR/USD Mid-Session Technical Analysis for May 20, 2015

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is trading lower at the mid-session. The early session sell-off was a continuation of the weakness from Tuesday. Technically, the main trend is down on the daily chart. The trend turned down on Tuesday when the market crossed the main bottom...

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US Dollar Index (DX) Futures Technical Analysis – May 20, 2015 Forecast

May 20, 2015
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US Dollar Index (DX) Futures Technical Analysis – May 20, 2015 Forecast

June U.S. Dollar Index futures are trading higher shortly before the regular session opening. Yesterday, the market surged following the release of stronger-than-expected U.S. housing data. Today, traders will get the opportunity to react to the latest Fed minutes from its April meeting. This report will be released at...

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Comex Gold Futures (GC) Technical Analysis – May 18, 2015 Forecast

May 18, 2015
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Comex Gold Futures (GC) Technical Analysis – May 18, 2015 Forecast

June Comex Gold futures had a good week, finishing sharply higher for the week, but still having a little trouble with a major 50% level at $1225.70. Last week, the market finally reacted to the weakness in the U.S. Dollar. There should be another surge to the upside if...

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10-Yr U.S. Treasury Notes (TY) Futures Technical Analysis – May 18, 2015 Forecast

May 18, 2015
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10-Yr U.S. Treasury Notes (TY) Futures Technical Analysis – May 18, 2015 Forecast

June 10-Year U.S. Treasury Notes finished higher on Friday while producing a potentially bullish closing price reversal bottom on the weekly chart. A trade through 128’04.5 will confirm the weekly chart pattern. Daily June 10-Year U.S. Treasury Notes Unfortunately for bullish traders, the first objectives at 128’03 and 128’05...

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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – May 18, 2015 Forecast

May 18, 2015
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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – May 18, 2015 Forecast

June 30-Year U.S. Treasury Bonds finished higher on Friday. The move was impressive, but not enough to form a potentially bullish closing price reversal bottom. The firm close did put the market in a position to challenge the recent top at 157’12. A trade through this level will turn...

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EUR/JPY Weekly Fundamental Analysis, May 18-22, 2015 – Forecast

May 16, 2015
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EUR/JPY Weekly Fundamental Analysis, May 18-22, 2015 – Forecast

Weekly Analysis and Recommendations: The EUR/JPY  soared 68 points to trade at 136.63 as the euro continued to gain momentum this week. Strong GDP data from the Eurozone and a temporary reprieve on a Greek default gave the euro a bump, while the yen weakened on comments from Bank...

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AUD/USD Weekly Fundamental Analysis, May 18-22, 2015 – Forecast

May 16, 2015
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AUD/USD Weekly Fundamental Analysis, May 18-22, 2015 – Forecast

Weekly Analysis and Recommendation: The AUD/USD tumbled 44 points on Friday alone as traders worry about the Chinese economy and comments from the RBA. This week the US dollar weakened and the Aussie touched the 81 price range even though the central bank said it was overprices.  The Aussie...

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