Forecasts & Analysis
USD/JPY Forecast: BoJ’s Interest Rate Hike Prospects and a Drop Toward 140
USD/JPY Movement on Monday The USD/JPY gained 0.10% on Monday. Following a 0.47% rise on Friday, the USD/JPY ended the session at 149.144. The USD/JPY rose to a high of 149.332 before falling to a Monday session low of 148.905. The Bank of Japan and Governor Ueda in the Spotlight On
AUD to USD Forecast: RBA Interest Rate Decision Crucial Amid US Housing Market Focus
Monday Overview of the AUD/USD The AUD/USD slipped by 0.01% on Monday. After a 0.32% loss on Friday, the Australian dollar ended the session at $0.65591. The Australian dollar rose to a high of $0.65739 before falling to a low of $0.65507. RBA Interest Rate Decision and Press Conference in
Hang Seng Index, ASX 200, Nikkei Index: The BoJ and the RBA in the Spotlight
Summary of the Monday Session On Monday, the Nikkei led the Hang Seng Index and the ASX 200 into positive territory. US economic indicators from Friday set the tone for the Monday Asian session. Consumer sentiment declined in March, while consumer inflation expectations remained elevated. The inflation expectation figures followed the hotter-than-expected
What’s Next For Commodity Prices As Traders Await Fed’s March FOMC Meeting?
To quote analysts at GSC Commodity Intelligence – macro opportunities are everywhere and they are here in abundance. That’s one of the most lucrative trends of the current financial climate that we find ourselves in right now! And guess what? This week is about one thing and one thing only:
Silver Price Forecast: Bullish Momentum Builds, Targets Swing Highs
Silver consolidates and trades inside day on Monday, following last week’s bullish continuation. The high of the rally was 25.45 and it is also the weekly high. Following weeks of choppy sideways price action, silver may be getting ready for a sustainable bull trend. Recent Strong Moves Follow Failed Late-2023
Natural Gas Price Forecast: 20-Day Moving Average is Key Pivot
Natural gas remains stuck in consolidation near retracement lows. Monday’s trading range is within Friday’s trading range thereby generating an inside day. Today is included within a four-day consolidation range. Note that resistance around the 20-Day MA was identified on two days last week and then again today, Monday. Therefore,
NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Gains Ground As Tesla Rallies 6%
SP500 SP500 180324 4h Chart SP500 is moving higher as traders react to the better-than-expected NAHB Housing Market Index report. The report showed that NAHB Housing Market Index improved from 48 in February to 51 in March, compared to analyst consensus of 48. The National Association of Home Builders expects
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As China’s Retail Sales Exceed Expectations
Natural Gas Natural Gas 180324 Daily Chart Natural gas did not manage to settle below the support at $1.60 – $1.65 as traders focused on cooler weather trends. From the technical point of view, natural gas is forming a tripple bottom pattern, which is a bullish sign. However, the market
Gold Price Forecast – Gold Continues to See Buyers
Gold Markets Technical Analysis Taking a look at the gold market and you can see it initially pulled back just a bit during the trading session here on a Friday only to turn around and show signs of life at this point we have to ask questions as to whether
Natural Gas Price Forecast – Natural Gas Continues to Build a Base?
Natural Gas Technical Analysis Take a look at the natural gas markets and you can see that we have rallied a little bit during the trading session here on Monday, as we could be forming a little bit of a double bottom. That being said, what you need to look