James Hyerczyk Articles, Page 1

James Hyerczyk
James Hyerczyk
  • U.S. Stock Indexes

    S&P 500; US Indexes Fundamental Daily Forecast – Markets Ripe for “Buy the Rumor, Sell the Fact” Trade

    The major U.S. stock indexes closed at all-time highs on Monday as investors heavily speculated that Congress would finally vote on a bill that would cut corporate taxes that Republicans have been pushing to overhaul for most of 2017. The indexes were also supported by a number of corporate deals

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  • AUD/USD and NZD/USD

    AUD/USD and NZD/USD Fundamental Daily Forecast – Traders Preparing for RBA Minutes

    The Australian and New Zealand Dollars are trading higher on Monday. Most of the support is coming from a weaker U.S. Dollar. The Greenback is feeling pressure from concerns over U.S. tax reform. However, last week’s solid domestic events are also underpinning the currencies along with the Fed’s “dovish” outlook

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  • U.S. Dollar Index

    US Dollar Index (DX) Futures Technical Analysis – Key Pivot on Daily Chart is 93.750

    March U.S. Dollar Index is trading lower near the close of the session. Early in the day, the dollar was under pressure due to concerns over tax reform, but the selling pressure escalated throughout the session as the Euro gained strength. The Euro is a big influence on the dollar

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  • Copper Scrap Wire

    Comex High Grade Copper Price Futures (HG) Technical Analysis – Rally Extends Over $3.1510, Weakens Under $3.1110

    Copper posted another higher-high on Monday and is currently in a position to close higher for 9th consecutive session. A weaker U.S. Dollar is once again helping to generate foreign demand. The dollar is under pressure due to concerns over tax reform.At 1931 GMT, March Comex High Grade Copper futures

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  • AUD/USD

    AUD/USD Forex Technical Analysis – Bullish Traders Hoping for Close Over .7667

    The Australian Dollar is trading higher against its U.S. counterpart at the mid-session on Monday as concerns grew on whether a proposed U.S. tax reform program would have a major impact on economic growth, after the bill moved another step closer to passage over the week-end.At 1913 GMT, the AUD/USD

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  • E-mini Dow Jones Industrial Average

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – December 18, 2017 Forecast

    March E-mini Dow futures rallied over 200 points on the opening as investors reacted positively to developments over tax reform over the week-end. Investors are optimistic that the bill has overcome all the major objections and is ready for a Senate vote. If approved, President Trump should sign the bill

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  • E-mini NASDAQ-100 Index

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 18, 2017 Forecast

    Optimism over tax reform is helping to drive March E-mini NASDAQ-100 Index futures sharply higher on Monday. Earlier in the session, speculators drove the index to a new record high.The session begins with the index up 9 days from its last swing bottom. This puts it in the window of

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  • E-mini S&P 500 Index

    E-mini S&P 500 Index (ES) Futures Technical Analysis – December 18, 2017 Forecast

    March E-mini S&P 500 Index futures are expected to open higher based on the pre-market trade. During the early session, the index posted a new record high.Daily March E-mini S&P 500 IndexDaily Technical AnalysisThe main trend is up according to the daily swing chart. The trend could be interrupted by

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  • Crude Oil

    Crude Oil Price Update – Trader Reaction to $57.65 Will Determine Direction

    February West Texas Intermediate Crude Oil futures are trading higher shortly after the regular session opening. All of the gains took place during the pre-market session. Buyers are reacting to last week’s drop in U.S. producing oil rigs. They anticipate that this may lead to lower U.S. production.Daily February West

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  • Comex Gold

    Gold Price Futures (GC) Technical Analysis – December 18, 2017 Forecast

    February Comex Gold futures are trading higher on Monday. Traders are reacting to a weaker U.S. Dollar and concerns over U.S. tax reform. Gains are probably being limited by a sharp rise in U.S. equity markets.Daily February Comex GoldDaily Technical AnalysisThe main trend is down according to the daily swing

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  • EUR/USD

    EUR/USD Mid-Session Technical Analysis for December 18, 2018

    The EUR/USD is trading higher on Monday, shortly after the U.S. opening. The Forex pair is mounting a comeback after successfully testing 1.1736. This also looks like a successful test of the December 12 main bottom.Daily EUR/USDDaily Technical AnalysisThe main trend is down according to the daily swing chart. A

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  • Japanese Yen

    USD/JPY Fundamental Daily Forecast – Flat on Caution Ahead of Tax Reform Vote

    The Dollar/Yen is trading slightly higher after giving up earlier gains, on caution ahead of a vote in U.S. Congress on tax reform, after the bill moved another step closer to ratification over the weekend. The Forex pair moved higher on Friday after Republicans on the House-Senate negotiating committee ironed

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  • Natural Gas

    Natural Gas Price Fundamental Daily Forecast – Oversold, but Buyers Need Help from Weather

    Natural gas futures are trading higher early Monday after posting a 5.62% loss last week on concerns over lower demand. Short-covering and profit-taking are probably behind the rally since there wasn’t any bullish news over the week-end.At 0912 GMT, February Natural Gas futures are trading $2.686, up $0.051 or +1.94%.Expectations

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  • Comex Gold

    Price of Gold Fundamental Daily Forecast – Optimism Over Tax Reform Should Limit Gains

    Gold futures are trading higher Monday, shrugging off earlier weakness related to concerns that the U.S. tax reform bill will become a law later in the week. Increased demand for higher-risk assets were also capping gains. Gold turned higher after the U.S. Dollar weakened.At 0800 GMT, February Comex Gold futures

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  • Crude Oil

    Oil Price Fundamental Daily Forecast – Getting Support From Drop in Number of Producing U.S. Oil Rigs

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading cautiously higher early Monday. The markets, especially Brent, are being supported by an ongoing North Sea pipeline shutdown and a drop in the number of producing U.S. oil rigs, which may be a sign of a slowdown in

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  • Stock Market

    S&P 500; US Indexes Fundamental Weekly Forecast – Tax Reform, Mueller Investigation in Focus this Week

    The three major U.S. stock indexes finished strong last week after a mid-week sell-off as investors continued to digest the potential impact of tax reform, which could be approved by the Senate this week and signed into law by President Trump before the start of Christmas break.In the cash market,

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  • USD/JPY

    USD/JPY Fundamental Weekly Forecast – Increased Demand for Risky Assets Could Turn Dollar/Yen Around

    The Dollar/Yen rally started to sputter early in the week, even before the Fed’s interest rate decision and monetary policy statement. It reached its highest level at 113.745 on November 14 the day before the Fed news.For the week, the USD/JPY settled at 112.585, down 0.874 or -0.77%.The Fed delivered

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  • AUD/USD and NZD/USD

    AUD/USD and NZD/USD Fundamental Weekly Forecast – Aussie, Kiwi Helped by Widening Interest Rate Differential

    Bullish domestic news and a “soft” Fed monetary policy statement helped drive the Australian and New Zealand Dollars higher against the U.S. Dollar last week. Oversold technical conditions may have contributed to the rallies which are not likely to change the trend to up on the weekly chart, but could

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  • Natural Gas

    Natural Gas Price Fundamental Weekly Forecast – Will Professionals Continue to Short at Current Price Levels?

    The price slide continued in the natural gas market last week as investors seem to have priced in almost no possibility of long-lasting below freezing temperatures this winter. Sure, we’re probably going to see a few cold blasts that will serve to drive the weaker shorts out of the market,

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  • Comex Gold

    Price of Gold Fundamental Weekly Forecast – May Be Ripe for Counter-Trend Rally

    Gold futures hit their lowest level since mid-July early in the week, but recovered enough to post a higher close for the week after the Fed delivered a “dovish” outlook on inflation and the direction of interest rates. The technical closing price reversal chart pattern is potentially bullish and could

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1806
+0.0023
+0.2%
GBPUSD
GBP/USD
1.3394
+0.0017
+0.13%
XAUUSD
Gold
1264.1
+2.9000
+0.23%
CL
Crude Oil
57.465
+0.1750
+0.31%
SPX
S&P 500
2695.7
+0.7500
+0.03%
DAX
DAX 30
13311.0
+1.5000
+0.01%
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