Fort Financial Services - Forex Forecasts

Fort Financial Services
EUR/USD stays in a short-term upward

Buyers broke the level 1.0750 in the night and stopped after reaching 1.0777...

If risk-on sentiment remains intact gold prices will weaken further

Gold prices remained under pressure trading around 5 month low being under pressure as U.S. elections results continued weighing on market sentiment. Majority of investors believe that the Fed will hike the rate in December that weighed on the market sentiment as well...

The USD/JPY gapped higher at the open

If the price overcomes 104.50 we will neutralize our medium term negative outlook. Buyers may extend their gains towards 105.00. Alternatively, bears may push the price below 104.00...

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Gold will grow towards 1290 dollar per ounce

The level 1270 limited the further decline of the metal. A cut through here will aim at the 1260 level. If the current support rejects the price the XAU/USD will grow towards 1290 dollar per ounce...

Brent prices got under pressure following the IEA forecasts

Brent seems to have found a solid support at 47.50 which slowed down its decrease. The price slightly rolled back and stopped a few pips above the level in the European session. The quotes returned to a decrease in the North American session...

The crude oil futures are under pressure

Brent kept falling after a rise in U.S. crude inventories. Moreover, traders focused their attention on a world supply glut which keeps weighing on the oil prices...


Gold decrease will continue

During yesterday's trading, gold price sharply dropped breaking and consolidating below the level of 1335, -1336. We expect the gold decrease will continue. Next support is around 1315 to 1309...

Gold is testing the lower boundary

Amid US dollar gains, the gold price have made an attempt to exit dawnward from the medium-term channel 1.1336-1.1358...

Bears seem to have the ball now

The Brent got under pressure yesterday due to the returned concerns over the oversupply. Besides, the price retreated when traders began closing their long positions...

The dollar attracted everyone's attention

The pair presented a modest bearish tone during the day. The trading instrument spent the day at the level 1.1000. However, the pair grew after the Fed meeting results announcement. The resistance is seen at 1.1030, the support stands at 1.1050...

The gold decreased as traders prefer wait

The overall outlook remained bearish. The XAU/USD was in a flat, the price moved back and forth within a sideway: 1323 – 1314. The resistance is seen at 1330, the support stands at 1316...

Gold has been strengthening for 6 consecutive sessions

The gold futures continued its growth and set a new high at 1374. This is the highest mark since 2014. After reaching 1374 the pair started a consolidation and decreased to 1360. The resistance is at 1390, the support comes in at 1360...


USD/CHF forecast for August 17, 2015

It was expected that the US statistics would show the all published indicators positive dynamics. The July producer price index (PPI) was supposed to show a slowdown, still with the month growth by + 0.1% m/m after a 0.4% m/m in June...

GBP/USD forecast for August 05, 2015

The Bank of England will announce its key interest rate decision on Thursday, the 6th of August and at the same time it will publish the meeting minute. Undoubtedly, the regulator tendency to increase the key rate will put upward pressure on the pair GBP/USD...

GBP/USD: forecast for 31.07.2015

Commodity market reacted with the quotations decrease on the US Federal Reserve monetary policy meeting results which is a negative factor for the British currency...

EUR/USD forecast for July 30, 2015

There was the debt and commodity markets stabilization after a high volatility. In this regard, it was expected that the pair euro / dollar would be trading a flat up to the FOMC meeting outcome announcement...

EUR/USD forecast for July 29, 2015

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows an upward movement. The upward movement will be until the price is above the Cloud...

EUR/USD forecast for July 07, 2015

On Monday the trades were opened with a gap. We saw the increased volatility during the day. Greece was the main newsmaker yesterday. Athens and the creditors returned to the negotiating table and that event has defined the euro/dollar dynamics in the short term...


EUR/USD forecast for June 26, 2015

The euro zone will not please market participants with interesting macroeconomic statistics. The USA and Germany 10-year government bonds yields negative differential again expanded and already reached the maximum level over the past 3 weeks...

USD/JPY forecast for June 23, 2015

The Bank of Japan H. Kuroda moderately positive comments may support the Japanese currency in the short term, as the US currency remained without drivers for growth after the US Federal Reserve meeting...

EUR/USD forecast for June 22, 2015

The May US inflation came out in the zero area while the market had expected the index of + 0.1%. In this regard, we get another negative factor for the US dollar. It is also necessary to note the payments balance report- the deficit has been over 100 billion dollars for two calendar quarter...


EUR/USD forecast for June 19, 2015

The US Fed deprived the dollar bulls all the trumps. They level the unemployment and GDP evaluation for the period 2015-2017 years which was negatively perceived by traders. The only thing that was left unchanged was the inflation forecast, but it is not clearly enough yet...

GBP/USD: forecast for 17.06.2015

The UK consumer price index rose up again by 0.2% in May on the month basis as the previous month. The value is in line with expectations. The labor market indicators point out to the consumer prices increase there was the unemployment decrease and average earnings increase in the beginning of spring...

GBP/USD forecast for June 16, 2015

The debt market dynamics shows the British pound strong overvaluation. The UK bond yields are declining relative to their US counterparts which is a bearish factor for the pair...


GBP/USD: forecast for 15.06.2015

Great Britain did not please traders with the interesting report publication and in this connection we should pay attention to the US macroeconomic data. The leading indicator points out to the Michigan University PPI and Consumer Confidence positive data output which may contribute to the demand for the dollar...

GBP/USD: forecast for 11.06.2015

The UK national statistics office published the April manufacturing sector production report. The production fell by 0.4% m/m and grew by 0.2% y/y...

USD/JPY forecast for June 09, 2015

The bullish sentiment changed to bearish, despite the Japan and the United States important macroeconomic statistics lack. There was the bond yields negative differential expansion in Japan and the US markets which is a positive factor for the dollar...


GBP/USD forecast for June 08, 2015

The monetary policy committee kept the asset purchases program in the amount of 375 billion pounds. The fall in consumer prices by 0.1% on an annualized ratio revived fears among investors about the Europe's third largest economy deflation...

EUR/USD forecast for June 05, 2015

The EUR/USD had renewed the maximums and formed a consolidation. The ECB raised this year inflation forecast by 0.3% which caused the Germany and the US negative bond yields reduction. In its turn, this factor will provide some support to the euro...

EUR/USD forecast for June 04, 2015

The euro is supported by the number of factors. The German and the US government bond yields reduction. The Greece and Germany negative bond yields are also declining amid the positive expectations about the Greece agreement with its creditors...


  


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