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Gold Eyes 2013 Lows Post NFPs- Fed Minutes in Focus Fundamental Forecast for Gold: Bearish Gold Braces For A Bumpy Ride On NFP, Natural Gas Dives On Storage Data Gold Holding Up at 1206…1240 Next? Gold prices are markedly lower this week with the precious metal off by more than 2.1% to trade at $1191 ahead of the New York close on Friday. The losses come on the back of a strong employment report with improving US data ...
NZD/USD Holds September Low Ahead of China PMI’s, Fed Doves Fundamental Forecast for NZDUSD: Neutral Price & Time: NZD/JPY Bear Pattern Hangs in the Balance New Zealand Dollar Shows Signs of Turnaround The medium-term outlook for the NZD/USD remains bearish as the Reserve Bank of New Zealand (RBNZ) sticks to a neutral policy stance and retains the verbal intervention on the New Zealand dollar, but the pair may face ...
Forex Weekly Outlook August 25-29 The dollar dominated once again, with multi-month gains against major currencies. Is it time for a correction or will this trend continue? German Ifo Business Climate, US housing data, Durable Goods Orders and GDP are amongthe highlights of this week. Follow along as we explore the Forex market movers coming our way. This was quite a week in financial markets: upbeat US data (especially housing) pushed the dollar higher, and it ...
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 ...
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