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NASDAQ forecast for the week of January 26, 2015, Technical Analysis

January 24, 2015
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NASDAQ forecast for the week of January 26, 2015, Technical Analysis

The NASDAQ as you can see broke higher during the course of the week, but did not manage to break above the 4800 level yet. This is an area that needs to be cleared in order for us to serve buying from a longer-term perspective, but we do anticipate that will happen. If we can get above 4800, we don’t see any reason whatsoever why the market will then head to the 5000 level. Pullbacks should continue to be buying opportunities as we believe that the 4600 level below is massively supportive.   Article source: http://www.fxempire.com/technical/technical-analysis-reports/nasdaq-forecast-for-the-week-of-january-26-2015-technical-analysis/

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DAX forecast for the week of January 26, 2015, Technical Analysis

January 24, 2015
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DAX forecast for the week of January 26, 2015, Technical Analysis

The DAX as you can see broke higher during the course of the week, and is now completely broken out above the resistance at the €10,100 area. With that being the case, we feel that the DAX can be bought on pullbacks now, and should continue to go much higher than, possibly as high as €12,000 over the course of the next several weeks. With that, we are bullish but recognize that there may be a little bit of...

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Nikkei forecast for the week of January 26, 2015, Technical Analysis

January 24, 2015
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Nikkei forecast for the week of January 26, 2015, Technical Analysis

The Nikkei as you can see rose during the course of the week, using the ¥17,000 level as a bit of a springboard. It appears that we continue to consolidate, and therefore we anticipate that the Nikkei will rise to the ¥18,000 level next. Once we break above there, we feel that the Nikkei will then go to the ¥20,000 level, but it will of course take some time. Ultimately, we believe the pullbacks are buying opportunities as the...

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US Dollar Index (DX) Futures Technical Analysis – January 22, 2015 Forecast

January 22, 2015
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US Dollar Index (DX) Futures Technical Analysis – January 22, 2015 Forecast

A firm Euro is helping to pressure the March U.S. Dollar Index overnight. The move is basically position-squaring ahead of today’s key European Central Bank policy meeting. The central bank is widely expected to launch a Euro Zone sovereign debt purchasing program designed to shore up the area’s fragile...

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Comex Gold Futures (GC) Technical Analysis – January 22, 2015 Forecast

January 22, 2015
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Comex Gold Futures (GC) Technical Analysis – January 22, 2015 Forecast

February Comex Gold is trading lower shortly before today’s European Central Bank policy meeting. The sell-off is likely profit-taking and position-squaring ahead of the central bank’s widely expected plan to launch a Euro Zone sovereign debt purchasing program designed to shore up the area’s fragile economy and boost inflation....

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EUR/USD Mid-Session Technical Analysis for January 22, 2015

January 22, 2015
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EUR/USD Mid-Session Technical Analysis for January 22, 2015

Daily EUR/USD Technical Analysis Daily EUR/USD Position-squaring and profit-taking are helping the EUR/USD trade higher ahead of today’s key European Central Bank meeting. The central bank is widely expected to launch a Euro Zone sovereign debt purchasing program designed to shore up the area’s fragile economy and boost inflation....

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Platinum Price Now Below Gold Price

January 20, 2015
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Platinum Price Now Below Gold Price

Platinum Price Now Below Gold Price Gold is flat this morning at 1276.80 after low volume on Monday as US markets were closed for the Martin Luther King holiday.  Silver dropped 75 points to 17.675 while platinum dipped $3.65 to 1263.00. In an unprecedented move the price of platinum...

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Comex High Grade Copper Futures (HG) Technical Analysis – January 20, 2015 Forecast

January 20, 2015
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Comex High Grade Copper Futures (HG) Technical Analysis – January 20, 2015 Forecast

March Comex High Grade Copper futures are posting a small gain in the premarket session in reaction to China’s Gross Domestic Product report which showed the world’s largest copper user beat estimates. Although the report showed annual growth of 7.4%, it was the weakest gain since 1990. Nonetheless, short-covering...

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Comex Gold Futures (GC) Technical Analysis – January 20, 2015 Forecast

January 20, 2015
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Comex Gold Futures (GC) Technical Analysis – January 20, 2015 Forecast

February Comex Gold futures rose to their highest level since late August amid speculation the European Central Bank is likely to move on its plans to implement quantitative easing shortly after its January 22 monetary policy meeting on January 22. Despite the stronger U.S. Dollar, buyers are purchasing gold...

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EUR/JPY Weekly Fundamental Analysis, January 19 – 23, 2015 – Forecast

January 18, 2015
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EUR/JPY Weekly Fundamental Analysis, January 19 – 23, 2015 – Forecast

Weekly Analysis and Recommendations: The EUR/JPY  gained 75 points to reach 135.87 as the euro fell and the yen gained on safe haven trading.  Caught unaware, many hedge, and other speculative, funds were forced to unwind their short yen positions to cover their losses on the Swiss Franc, said...

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USD/JPY Weekly Fundamental Analysis, January 19 – 23, 2015 – Forecast

January 18, 2015
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USD/JPY Weekly Fundamental Analysis, January 19 – 23, 2015 – Forecast

Weekly Analysis and Recommendation: The USD/JPY added 1.33 on Friday as the dollar continued to climb to record highs. The yen remained strong on safe haven trading but was no match for the greenback.  The Bloomberg-JPMorgan Asia Dollar Index which tracks the region’s 10 most-active currencies excluding the yen,...

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NZD/USD Weekly Fundamental Analysis, January 19 – 23, 2015 – Forecast

January 18, 2015
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NZD/USD Weekly Fundamental Analysis, January 19 – 23, 2015 – Forecast

Weekly Analysis and Recommendation: The NZD/USD eased by 29 points at the end of the week at 0.7795 as the US dollar hit a record high. The New Zealand dollar rose to its highest in more than six weeks by investors seeking yield after Switzerland’s central bank dropped its...

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Comex Gold Futures (GC) Technical Analysis – January 16, 2015 Forecast

January 16, 2015
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Comex Gold Futures (GC) Technical Analysis – January 16, 2015 Forecast

February Comex Gold futures spiked higher on Thursday after the Swiss National Bank shocked the markets by scrapping its long-standing floor against the Euro. The central bank also cut its interest rate on sight deposits to a negative 0.75%. The move by the SNB triggered a huge rally by...

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10-Yr U.S. Treasury Notes (TY) Futures Technical Analysis – January 16, 2015 Forecast

January 16, 2015
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10-Yr U.S. Treasury Notes (TY) Futures Technical Analysis – January 16, 2015 Forecast

March 10-Year U.S. Treasury Notes rallied to a new contract high as cash market yields tumbled to their lowest level since April 2013, after the Swiss National Bank shocked the global financial markets. The central bank announced early Thursday that it would end its exchange-rate cap between the Swiss...

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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – January 16, 2015 Forecast

January 16, 2015
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30-Yr U.S. Treasury Bonds (US) Futures Technical Analysis – January 16, 2015 Forecast

March 30-Year U.S. Treasury Bonds rallied to a new contract high after strong demand from speculators and professionals drove cash market yields to a new all-time low. The catalyst behind the rally in the futures market was a move by the Swiss National Bank that shocked the global financial...

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US Dollar Index (DX) Futures Technical Analysis – January 14, 2015 Forecast

January 14, 2015
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US Dollar Index (DX) Futures Technical Analysis – January 14, 2015 Forecast

March U.S. Dollar Index futures posted a strong gain on Tuesday, putting the market in a position to challenge the contract high at 92.76. The strength of the market will be determined by whether buyers can create enough upside momentum to overtake a pair of key uptrending angles that...

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Comex Gold Futures (GC) Technical Analysis – January 14, 2015 Forecast

January 14, 2015
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Comex Gold Futures (GC) Technical Analysis – January 14, 2015 Forecast

February Comex Gold futures continued its rally on Tuesday, reaffirming the uptrend when it crossed the December 9 top at $1239.00. The close below the mid-point of the day suggests the selling may be greater than the buying at current price levels. This type of trading action isn’t too...

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Comex High Grade Copper Futures (HG) Technical Analysis – January 14, 2015 Forecast

January 14, 2015
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Comex High Grade Copper Futures (HG) Technical Analysis – January 14, 2015 Forecast

March Comex High Grade Copper futures tumbled on Tuesday, setting up the futures contract for further downside action on Wednesday. The sell-off in copper is part of a global collapse of industrial metals which includes iron ore prices in Australia and the huge break in crude oil. Daily March...

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – January 12, 2015 Forecast

January 12, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – January 12, 2015 Forecast

March E-mini Dow Jones Industrial Average futures reversed course on Friday and finished lower after early session buying fizzled. The catalyst behind the price surge was the U.S. Non-Farm Payrolls report which showed a decline in wages. The U.S. economy added 252K new jobs in December versus pre-report estimates...

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Metals In The Morning – Gold Up Copper Down

January 12, 2015
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Metals In The Morning – Gold Up Copper Down

Metals In The Morning – Gold Up Copper Down Gold continued to surprise speculators gaining over $10 this morning to trade at 1226.20 shattering the 1220 resistance level.  Gold rose on as the dollar and equities failed to react to a better-than-forecast U.S. jobs report, and the metal was...

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