|Day's range||1,285.50 - 1,298.40|
Precious metals could be just the right thing to put a shine in your portfolio. Some people remain skeptical of the economy, and precious metals are one of the best safe havens to protect investors from a market downturn. "The stock market is at all-time highs, and there is a feeling that it won't last," says Charles Thorngren, CEO of Noble Gold Investments, based in Pasadena, California.
The German index gapped higher at the open on Monday, clearing the €13,000 level again. However, we have fallen a bit towards the end of the day, testing an uptrend line on the hourly chart. We are below the €13,000 level as well, so that also is a somewhat negative sign. The 24 hour exponential … Continue reading DAX Index Price Forecast October 17, 2017, Technical Analysis
As we had mentioned in our forecast yesterday, the bitcoin prices have been consolidating over the last 24 hours with the $5800 region being the highs of the range so far. The bitcoin market seems to have got back to its usual routine of a bullish leg followed by some time of consolidation and then … Continue reading Bitcoin and Ethereum Price Forecast – BTC and ETH Prices Consolidate
Gold prices tumbled a bit on Monday, falling 0.45% to $1,297 per troy ounce, according to Factset. Gold mining stocks, however, had it worse. Sprott Junior Gold Miners (SGDJ), which invests in small-cap mining stocks, fell more than 3%.
The Santiago, Chile-based company said it had a loss of less than 1 cent on a per-share basis. The gold mining company posted revenue of $12 million in the period. In the final minutes of trading on Monday, ...
Gold prices reversed course on Monday as the dollar gained traction, following a stronger than expected Empire Manufacturing headline which hit an 8-year high. Support is seen near the 10-day moving average at 1,284, and then the 100-day moving average at 1,275. Momentum has recently turned positive as the MACD (moving average convergence divergence) index … Continue reading Gold Price Prediction for October 17, 2017
During the FOMC (Federal Open Market Committee) meeting in September, many officials showed interest in another rate hike in 2017—and more in 2018.
U.S. West Texas Intermediate and international-benchmark Brent crude oil surged early Monday after Iraqi army units advanced toward Kirkuk, a major oil city that is populated by the country’s Kurdish people and which recently declared independence. At 0439 GMT, December WTI crude oil is trading $52.15, up $0.42 or +0.81%. Internationally-favored January Brent crude oil … Continue reading Oil Price Fundamental Daily Forecast – Prices Jump on Iraqi Military Action, Fear of New Sanctions Against Iran
The bitcoin prices have been correcting and consolidating over the weekend which is what can be said of the prices when it is in a $400 range. These kinds of ranges are quite common in the bitcoin market and that is what makes this instrument an attractive proposition for day traders and speculators as well. … Continue reading Bitcoin and Ethereum Price Forecast – Bitcoin Stable, ETH Awaits Fork
Whilst Bitcoin is making all the headlines as it hits the new all-time high of $5800, gold is quietly retrenching and striking out for higher levels itself. The latest daily chart shows a strong rally from the $1,270 level last week and a rise above the 21-day EMA. This marker is known to be a high … Continue reading Gold Strikes Out for Higher Ground
The US Dollar closed the previous weak lower on a weaker than expected consumer inflation report on Friday and the released minutes of the Fed on Wednesday. Currently, investors had priced in a roughly 83 percent probability of a rate increase in December. In the week ahead, investors will closely watch: China CPI on Monday at 2:30 GMT RBA Minutes … Continue reading Weekly Forex Technical Analysis, Oct 16 – Oct 20, 2017
The U.S. Dollar recovered against a basket of currencies late in the session on Friday after a weaker than expected consumer inflation report drove prices lower. The muted inflation numbers drove down U.S. Treasury yields which made the U.S. Dollar a less-attractive investment. It also added to concerns about the Fed’s ability to raise interest … Continue reading Gold Rallies after Muted U.S. Inflation Data Drives Treasury Yields Lower
Gold prices settled above $1,300 an ounce on Friday, lifting their weekly gain to 2.3%. Prices got a boost as a reading on U.S. inflation came in cooler than expected, raising uncertainty about the pace ...
Gold traders ignored the rebound in the U.S. Dollar on Thursday to finish at more than a two-week high as the focus for traders shifted to U.S. inflation figures due on Friday which are expected to give more clues on monetary policy. After rallying most of the week, gold investors are looking for a little … Continue reading Price of Gold Fundamental Daily Forecast – Strong CPI Data Could Sink Gold
U.S. West Texas Intermediate and international-benchmark Brent crude oil finished down on Thursday, but off its lows after the U.S. Energy Information Administration reported a larger-than-expected decline in U. S. inventories and a falloff in weekly production on Thursday. According to the EIA, crude inventories fell by 2.7 million barrels in the week to October … Continue reading Oil Price Fundamental Daily Forecast – Bearish IEA Demand Outlook Could Pressure Prices
The price of bitcoin is back above $5,000 – but while this is a slight month-over-month gain, the delta in that time may be one worth analyzing.
The EUR/USD is trading slightly better early in the European Session. The Euro has been receiving support all week by expectations that the European Central Bank would announce at its policy meeting later this month that it would wind back its 2.3 trillion Euro bond-buying program. The Euro is also being supported after Catalonia stopped … Continue reading EUR/USD Mid-Session Technical Analysis for October 12, 2017
December E-mini NASDAQ-100 Index futures posted an inside move on Wednesday. This usually indicates investor indecision and impending volatility. Daily Technical Analysis The main trend is up according to the daily swing chart. A trade through 6088.50 will signal a resumption of the uptrend. However, investors will have to watch the volume on this move … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – October 12, 2017 Forecast
The bitcoin prices continue to make progress over the last 24 hours and now are trading just shy of the $4900 region as of this writing. It is pretty obvious that there are loads of traders who are waiting for the prices to break through the all time highs and the $5000 region before they … Continue reading Bitcoin and Ethereum Price Forecast – Bitcoin Getting Closer to All Time Highs
U.S. natural gas prices finished marginally lower on Wednesday as investors reacted to technical chart levels, mild temperatures and worries over this week’s storage numbers. December Natural Gas settled at $3.066, down 0.005 or -0.16%. According to natgasweather.com, “Temperatures across the U.S. the next 7-days will be warmer than normal over the eastern half of … Continue reading Natural Gas Price Fundamental Daily Forecast – Traders Expect EIA Report to Show 74 bcf Build