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Technical Analysis Crude Oil for 7/2/15

July 2, 2015
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Technical Analysis Crude Oil for 7/2/15

Crude oil prices moved lower on Wednesday and negative price action accelerated into the close following the first build in crude oil inventories in the past 2-months. The stronger than expected build was offset by strong demand, but negative sentiment pulled prices lower. According to the Energy Information Administration, U.S. commercial crude oil stocks increased by 2.4 million barrels from the previous week. Gasoline inventories decreased by 1.8 million barrels last week, and distillate fuel inventories increased by 0.4 million barrels last week. Crude prices sliced through trend line support but near $58, but were above to settle above horizontal trend lien support near 56.80.  Resistance is seen near the 50-day moving average at 60.19.  Momentum has turned negative...

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Technical Analysis EUR/USD for 7/2/15

July 2, 2015
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Technical Analysis EUR/USD for 7/2/15

The EUR/USD moved lower on Wednesday, as broader dollar strength increased following stronger than expected jobs, manufacturing and construction data that were released in the AM. Prices attempted to move higher on news that Greece had accepted most of the EU’s demands for an agreements, but as it became clear that the country would move forward with a referendum Sunday, the exchange rate sold off. The EUR/USD tested support at an upward sloping trend line near 1.050, and was...

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Technical Analysis Natural Gas for 7/2/15

July 2, 2015
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Technical Analysis Natural Gas for 7/2/15

Natural gas prices moved lower on Wednesday continuing to trade back and forth through the 20-day moving average at 2.80.  Storage is currently near a 5-year high and prices remained range bound as traders await Thursday inventory report from the Department of Energy.  Data released in the U.S. on Wednesday showed stronger than expected growth, which should eventually help natural gas prices gain traction. On the Jobs front, The U.S. ADP reported private payrolls rose 237k in June versus...

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NASDAQ Forecast June 30, 2015, Technical Analysis

June 30, 2015
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NASDAQ Forecast June 30, 2015, Technical Analysis

The NASDAQ as you can see gapped lower at the open on Monday, as the markets were very jittery due to the Greek banks been closed. However, we are approaching significant support below, so we need to wait until we see some type of supportive candle in order to...

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DAX Forecast June 30, 2015, Technical Analysis

June 30, 2015
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DAX Forecast June 30, 2015, Technical Analysis

The DAX as you can see fell during the course of the day on Monday in reaction to the Greeks closing down the banks in the country. With that, a lot of nerves were rattled in the European Union, but we also recognize that there is lot of support...

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Nikkei Forecast June 30, 2015, Technical Analysis

June 30, 2015
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Nikkei Forecast June 30, 2015, Technical Analysis

The Nikkei as you can see gapped lower on Monday as there was a bit of a reaction to the Greek banks around the world. With fact, the market looks as if it is ready to test the ¥20,000 level below, which should be rather supportive. We think that...

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AUD/USD Fundamental Analysis – June 29, 2015 – Forecast

June 26, 2015
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AUD/USD Fundamental Analysis – June 29, 2015 – Forecast

AUD/USD Fundamental Analysis – June 29, 2015 – Forecast Analysis and Recommendation: The AUD/USD dipped 17 points as the greenback gained in the Asian session as the Greek situation continues to weigh on global markets. The dollar was trading in the green adding 7 points in the morning to...

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NZD/USD Fundamental Analysis – June 29, 2015 – Forecast

June 26, 2015
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NZD/USD Fundamental Analysis – June 29, 2015 – Forecast

Analysis and Recommendation: The NZD/USD dipped 14 points after the release of New Zealand trade data this morning. The kiwi eased as traders moved more towards higher yielding assets. The NZD is trading at 0.6894.  The Reserve Bank of New Zealand released a Statement of Intent for 2015-2018. In the...

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USD/JPY Fundamental Analysis – June 29, 2015 – Forecast

June 26, 2015
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USD/JPY Fundamental Analysis – June 29, 2015 – Forecast

Analysis and Recommendation: The USD/JPY dipped 35 points after the release of inflation data and household spending showed a significant improvement. The yen climbed after the data releases showed that the massive BoJ stimulus program along with Abenomics are starting to turn the economy around. The JPY is trading at...

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – June 23, 2015 Forecast

June 24, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – June 23, 2015 Forecast

September E-mini Dow Jones Industrial Average futures are called steady to better based on the pre-market session. The Dow is straddling the key downtrending angle that stopped the market the last three days. Trader reaction to this angle should set the tone and direction of the day. The main...

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E-mini Russell 2000 Index (TF) Futures Technical Analysis – June 23, 2015 Forecast

June 24, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – June 23, 2015 Forecast

September E-mini Russell 2000 Index futures continued to grind higher during the pre-market session, giving the market a slight upside bias shortly before the cash market opening. Today is the sixth day up from the last main bottom. Typically, a closing price reversal top occurs during the 7 to...

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EUR/USD Drops Sharply on Talk of Higher U.S. Interest Rates

June 24, 2015
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EUR/USD Drops Sharply on Talk of Higher U.S. Interest Rates

The divergence between the European Central Bank and the U.S. Federal Reserve took its toll on the EUR/USD on Tuesday with the Forex pair dropping sharply lower. The move was triggered by comments from Federal Reserve member Jerome Powell who suggested the Fed rate hike could come as early...

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Technical Analysis Natural Gas 6-22-15

June 22, 2015
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Technical Analysis Natural Gas 6-22-15

Natural gas prices whipsawed this past week, and it appear that weather forecasts have been the main driver of price action.  The change in the forecast for mid-west and northeast weather by the Nation Oceanic Atomospheric Association (NOAA), to a below normal 6-10 and 8-14 day forecast quickly reversed...

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Free Forex Tools for Today’s Trader

June 22, 2015
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Ten years ago, many of the forex tools available today were either in the early stage of development or did not exist. Today, they are virtually commonplace. Today’s retail traders are therefore in a much better place now than their counterparts were as at the time the first iPhones...

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Trading the Euro with Options

June 22, 2015
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Trading the Euro with Options Over the last few years, we have seen significant increases in options trading.  In large part, this has come as a result of the increased access that comes with internet trading platforms as this has put market access into the home of all market...

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EUR/GBP Fundamental Analysis – June 22, 2015 – Forecast

June 20, 2015
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EUR/GBP Fundamental Analysis – June 22, 2015 – Forecast

Analysis and Recommendations: The EUR/GBP dipped 17 points as the euro declined along with the pound. The euro continued to weaken as stress over Greece continued to weigh on markets.  Calm ruled Europe’s stock, currency and markets on Friday as Greece inched closer to a default later this month. Greek...

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USD/CAD Fundamental Analysis – June 22, 2015 – Forecast

June 20, 2015
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USD/CAD Fundamental Analysis – June 22, 2015 – Forecast

Analysis and Recommendations: The USD/CAD gained 41 points as the US dollar rallied after declines since Wednesday. The CAD is trading at 1.2264.  U.S. data on Thursday suggested the economy was picking up steam. The number of Americans filing for new unemployment benefits fell last week to a near...

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U.S. Dollar Rebounds but Currencies, Commodities Set to Post Weekly Gains

June 20, 2015
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U.S. Dollar Rebounds but Currencies, Commodities Set to Post Weekly Gains

A rebound rally by the U.S. Dollar helped put pressure on foreign currencies and commodity prices on Friday. However, both groups are expected to finish higher for the week. Reports were limited today, giving investors an excuse to book profits after strong rallies in the Euro, British Pound and...

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USD/CAD Fundamental Analysis – June 18, 2015 – Forecast

June 18, 2015
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USD/CAD Fundamental Analysis – June 18, 2015 – Forecast

Analysis and Recommendations: The USD/CAD added 14 points ahead of the Fed announcement to trade at 1.2308. The CAD did not see much support in the climb in oil prices.  Due to the Q1 disappointment the Fed is expected to lower this year’s GDP forecasts. It may also shave...

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Currency, Commodity Volume Light as Traders Await Fed Statement

June 18, 2015
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Currency, Commodity Volume Light as Traders Await Fed Statement

The main focus for traders today is the U.S. Federal Reserve monetary policy statement due to be released at 2:00 p.m. ET. The Fed is expected to maintain interest rates at historically low levels. Shortly after the release of the statement, Fed Chair Janet Yellen will have her press...

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