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Euro Strength Despite Dovish Draghi: ECB Projections To Set The Tone

Euro Strength Despite Dovish Draghi: ECB Projections To Set The Tone

Fundamental Forecast for Euro: Bullish Euro Resilience to Persist as Market Behavior Continues to Shift. EUR/USD Reaches New Highs as NFP Misses Expectations. The Euro played a key role in a number of the DailyFX Top Trading Opportunities for 2017. Please click here to access our trading guides, completely free of charge. IG Client Sentiment is currently short in […]
AUD/USD Forecast – June 5-9

AUD/USD Forecast – June 5-9

AUD/USD was unchanged last week, closing at 0.7439. This week’s key events are Private Capital Expenditures and Retail Sales. Here is an outlook of the major market movers and an updated technical analysis for AUD/USD. Australian Retail Sales posted a strong gain of 1.0%, easily beating the estimate. In the US, Nonfarm Payrolls was dismal, as the gain of 138 thousand […]
Gold & Silver Still The Leaders In 2017

Gold & Silver Still The Leaders In 2017

Recall the Monty Python line “A minute passed quickly past”? ‘Tis how the year 2017 feels to us. The geometrically-increasing pace of unrelated, and moreover, unimportant items beset upon us on a daily basis is blurring the very passage of time itself. Indeed, 99% of what now passes for “news” doesn’t affect us a wit, nor […]
Gold Forecast: Sunday, June 4

Gold Forecast: Sunday, June 4

The gold market was rather volatile last month. Prices dropped to the critical $1215 level, the confluence of a horizontal support and a medium-term bullish trend line, but ultimately found strong support there to climb all the way back to the $1271.50-$1269 area, leaving a long lower shadow on the monthly candle. The weakness in […]
Market In Review: Markets Overcome Weak Nonfarm Payroll Report

Market In Review: Markets Overcome Weak Nonfarm Payroll Report

■ S&P, Nasdaq, FTSE 100, DAX rally Thu-Fri, setting new all-time highs ■ May Nonfarm Payrolls fails to meet analyst 182K expectations, managing a meek 138K job gain ■ Markets still eye June 14th Fed hike ■ USD to devaluates 0.6% vs. EUR on Friday, 0.9% vs. JPY on lowered Fed policy outlook ■ Oil declines […]
Weekly Economic & Political Timeline – Sunday, June 4

Weekly Economic & Political Timeline – Sunday, June 4

There are again relatively few high-impact news items scheduled this week, compared to last week. However, very important central bank input is due from the European Central Bank, as well as from the Reserve Bank of Australia. A General Election will be held in Britain on Thursday and as results come in at the end […]
Mutual Funds Versus Hedge Funds: Where They Agree And Disagree

Mutual Funds Versus Hedge Funds: Where They Agree And Disagree

Recently, I wrote some stuff about hedge funds and mutual funds. If that’s the kind of thing you’re into (or if you want to read about hookers, groupies, Xanax, cocaine, and Maseratis) you should check out these two posts: Hedge Funds Are Still Trailing The S&P And Cocaine Ain’t Gettin’ Any Cheaper 2/3 Of Growth […]
Stocks Aren’t As Expensive As You Think

Stocks Aren’t As Expensive As You Think

With the stock market at or near all-time highs, very few new investors have felt the desire to jump into the melee. I certainly don’t blame them for thinking so, after all, the old adage always says to buy low and sell high. So wouldn’t you expect far more people to be selling right about now? […]
Oil Price Is Not Dictated By OPEC, Market Conditions And Demand Guide

Oil Price Is Not Dictated By OPEC, Market Conditions And Demand Guide

Fundamental Forecast for US Oil : Neutral Talking Points: OPEC extend production cuts and hints of further belt tightening, the market ignores the news Demand is proving slow to change even as the summer driving season swings in for the North The Trump administration’s withdrawal from the Paris Climate deal is unlikely to change dynamics Jawboning […]
Weekly Forex Forecast – Sunday, June 4

Weekly Forex Forecast – Sunday, June 4

Silver Silver markets initially fell during the week, but turned around to form a massive hammer by the time we closed on Friday. We bounced off the $17 level underneath, and found resistance at the $17.50 level above. By forming a hammer, I suggested that we should continue to go higher, and move above the […]