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Commodities Daily Forecast – July 5, 2017 – FX Empire

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Gold

With the U.S. Independence Day celebrations in full swing, the gold markets were seen with some volatility. The U.S. dollar gradually began to recover, causing a serious impact on the gold markets. Traders can expect a lot of selling pressure for the instrument. Overall, the market looks to be negative.  …Read More

Silver

The silver markets were seen with a slight drop yesterday. The silver prices are expected to be under pressure in the short and medium term with the recover in the dollar. The FOMC Meeting Minutes outcome will decide the course of the greenback and if the outcome is positive, it will work against the silver markets. …Read More

WTI Crude Oil

Brent and Crude oil markets were moving sideways during the day on Tuesday. With yesterday’s bank holiday in the U.S, the market remained flat with a light trading volume. Traders should pay attention to the U.S. Energy Information Administration’s weekly inventories report which will decide the course of the oil in the near term. …Read More

Natural Gas

The natural gas markets continued to trade steady after the American Independence Day holiday yesterday. Traders should pay close attention to the weather-related news along with the Trump’s administration programs on natural gas. The U.S. Energy Information Administration’s weekly report is expected to release on Friday and is expected to show a 61 billion cubic feet build. …Read More