SI=F - Silver Dec 19
| Pre. Settlement | N/A |
| Settlement Date | 2019-12-27 |
| Open | 16.88 |
| Bid | 16.50 |
| Last Price | 16.84 |
| Day's Range | 16.83 - 16.89 |
| Volume | 76,781 |
| Ask | 17.50 |
- FX Empire
Crude Oil Price Update – Near-Term Strength Over $60.37, Weakness Develops Under $58.94
The key level to watch over the near-term is $60.37. This top was put in on September 16, during the height of the attacks on the Saudi oil production. At that time, prices spiked higher due to extraordinary conditions and worries over supply.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Close Under 8465.25 Forms Potentially Bearish Closing Price Reversal Top
Based on the early price action and the current price at 8495.75, the direction of the December E-mini NASDAQ-100 Index into the close on Friday is likely to be determined by trader reaction to 8465.25.
- FX Empire
S&P 500 Price Forecast – Stock Markets Confused By Trade Deal
Stock markets went back and forth during the trading session on Friday as we got the initial agreement. At this point in time, the Americans and the Chinese will continue to push the markets around, as we are still light on a lot of the details. However, tariffs are not been enacted on Sunday in theory, and that is net positive.
- FX Empire
Silver Price Forecast – Silver Markets Failed To Impress Again On Friday
The silver markets initially tried to rally during the trading session on Friday but gave back the gains yet again. With this, it continues to look very likely to continue going sideways, as there is no urgency to move in one direction or the other.
- FX Empire
Crude Oil Price Forecast – Crude Oil Markets Run Into Resistance
Crude oil markets have run into a significant amount of resistance during the trading session on Friday after showing a lot of promise. The US/China trade war has resulted in a signing of a “phase 1 deal” on Friday, but there is still a lot of uncertainty.
- FX Empire
Natural Gas Price Forecast – Natural Gas Markets Continue To Rotate
Natural gas markets pulled back slightly during the trading session on Friday, reaching towards the bottom of the range for the Thursday session but then bounced a bit. This shows a bit of rotation, and therefore it’s very important what happens next.
- FX Empire
Gold Price Forecast – Gold Markets Rally On Friday
Gold markets rallied a bit during the trading session on Friday, reaching towards the 50 day EMA as the Americans and the Chinese have come to terms on an agreement it appears. This is a bit interesting, because it should be negative for gold.
- FX Empire
GBP/JPY Weekly Price Forecast – British Pound Spikes After Election
The British pound spike higher against most currencies around the world after the election of a Tory Parliament. By doing so, the markets have broken some resistance, and found more above.
- FX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Trader Reaction to 3168.00 Will Determine Direction Today
Based on the early price action and the current price at 3164.00, the direction of the December E-mini S&P; 500 Index the rest of the session on Friday is likely to be determined by trader reaction to yesterday’s close at 3168.00.
- FX Empire
Phase One Trade Deal Reached, Conservatives Win Parliament, Global Markets Surge
Global markets surge after Christmas comes early to Wall Street, there is a Phase One Trade Deal in-principal.
- FX Empire
Fed Says No Hikes In 2020. What About Gold?
The Fed kept the interest rates unchanged in December. The statement was rather hawkish, while the dot-plot rather dovish. What does such a mix imply for the yellow metal?
- FX Empire
The Big Global Growth Rebound Trade of 2020
I just knew last night was going to be a game-changer. Thankfully Grab food operates 24 hours in Bangkok, and the coffee cupboard was stocked. As we finally have a Phase one trade deal signed sealed and delivered.
- FX Empire
Natural Gas Price Forecast – Natural Gas Markets Continue Back And Forth
Natural gas markets got inventory figures during the trading session on Thursday, with a reading of -73 billion, as opposed to the anticipated -76 billion. Looking at this chart, the market continues to struggle in general, but at this point it’s all about wheather.
- FX Empire
GBP/JPY Price Forecast – British Pound Continues To Kill Time Ahead Of The Election
The British pound went back and forth during the trading session on Thursday against the Japanese yen as we await the election result in the United Kingdom. Simply put, we have rallied into the election with a specified result in mind.
- Zacks
Gold Likely to Maintain Momentum in 2020: 6 Top Picks
Despite recent softness in price, gold has surged nearly 20% year to date and is on track to finish its best year in a decade.
- FX Empire
Oil Price Fundamental Daily Forecast – IEA Sees Oversupplied Market, OPEC Forecasts Deficit
OPEC and the IEA appear to be at odds about supply in 2020, however, the focus for investors at this time is really on future demand growth. Helping to generate concerns about demand growth is the lingering battle between the world’s two biggest economies – the U.S. and China.
- FX Empire
Natural Gas Price Fundamental Daily Forecast – Consensus Calls for 76 Bcf Weekly Storage Withdrawal
Most estimates as of Wednesday’s close pointed to a withdrawal in the 70s to low 80s Bcf range. Basically, unless there is a significant change in the weather forecasts toward the extremely cold side, the major players are likely to continue to sell rallies.
- FX Empire
European Equities: The FED Reaction, the ECB and Geopolitics in Focus
It’s a big day ahead for the majors. While the markets respond to the FED’s outlook on growth and policy, the UK elections, the ECB and trade are in focus.
- Oilprice.com
Waning Diesel Demand: A Red Flag For The US Economy?
Waning diesel consumption is a significant warning sign of manufacturing output continuing to contract and volume of freight plunging
- FX Empire
Silver Price Forecast – Silver Markets Show Strength
Silver markets rallied a bit during the trading session on Wednesday, bouncing from the 200 day EMA finally. This is a bullish sign, but we have a ton of resistance above that could come into play.
- FX Empire
GBP/USD Price Forecast – British Pound Continues To Power Higher Ahead Of Elections
The British pound has initially pulled back a bit during the trading session on Wednesday, but then turned around to show signs of strength again. With the British pound rally in the way it has, it looks as if we are getting that final push into the elections.
- FX Empire
Price of Gold Fundamental Daily Forecast – Fed Concerns Capping Gains, Tariff Worries Underpinning Prices
Gold prices could remain rangebound throughout Tuesday’s session unless there is blockbuster news regarding the new tariffs, a trade deal or extremely hawkish comments from the Fed. I don’t expect the Fed to say anything that could send gold prices skyrocketing, but policymakers could say something that could drive prices sharply lower.
- Investing.com
Gold Ticks Higher Ahead of Fed; China Pulls Copper to 7-Month High
Investing.com -- Gold prices ticked higher on Wednesday in trading largely subdued by anticipation of the Federal Reserve’s statement after its policy-making meeting.
- Quartz
Suitcases worth considering instead of the Away carry-on
You’ve likely seen Away suitcases all over social media, or caught a glimpse of their sleek polycarbonate shells sitting in overhead bins on a plane. The $225 Away “Carry-On,” the company’s flagship suitcase, has become a status symbol for a certain type of Millennial jetsetter.
- FX Empire
Silver on Hold Ahead of Fed Meeting
Silver is calm on Wednesday, but that could change in the North American session, with the release of consumer inflation and the Federal Reserve rate decision.
