Natural Gas Monthly Technical Analysis for August 2014 Nearby Monthly Natural Gas futures declined sharply in July after below normal summer temperatures drove down air conditioning usage and thereby demand for fuel to run the power plants. Record injections drove supply higher, putting inventories at nearly record levels. So the best way to put it is, natural gas prices fell because of rising supply and falling demand. The sell-off in July wiped out the entire winter ...
GBP/USD Monthly Technical Analysis for August 2014 The GBP/USD posted its biggest monthly decline in July since May 2013. The selling pressure was driven by the strengthening U.S. economy and increased expectations for higher U.S. interest rates. Some of the weakness last month was driven by a drop in house prices. Further hurting the Sterling was comments from Bank of England Deputy Governor Ben Broadbent who said in an interview with Bloomberg News that the “edge ...
Over time, we have hearing about major online retails and businesses’ plans to accept cryptocurrencies as payments. While some of them have already started to accept them as one, few are still planning the revolutionary integrations. eBay is counted among the latters which have been monitoring Bitcoin’s growing adaption from a long time. And now, it has cleared its stance on the matter. ...
USD/JPY Monthly Technical Analysis for August 2014 The improving U.S. economy and the threat of an early interest rate hike by the U.S. Federal Reserve helped boost the USD/JPY in July. This developing trend is expected to continue if the U.S. economy continues to be supported by strong jobs and inflation data in August. The main trend is up on the daily chart. Last month’s price action suggests the Forex pair is set up to ...
EUR/USD Monthly Technical Analysis for August 2014 The stronger U.S. economy and the possibility of higher interest rates helped drive the EUR/USD lower in July. At the same time, Euro investors are starting to believe the European Central Bank may have to impose more aggressive economic stimulus on the Euro Zone in order to avoid deflation. Additional sanctions on Russia because of its active involvement in Ukraine is also influencing the price action as investors price in the possibility ...
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