Gold prices drifted lower in afternoon trading as equities traded significantly higher. A higher greenback today dulled gold’s appeal as comments from Fed governor Fisher pointed to two more rate hikes in 2017. The comments at least for today soothed investor fears over a lame duck Trump Presidency as failure to repeal and replace Obamacare created some nervousness in the …
Turn around Tuesday
Moving on up The equities rebounded nicely on Tuesday, getting back Monday’s losses and had the futures finishing the day +.62% . The 131 point gain in Dow futures had the index trading above where the market closed last week. The market appeared to be led by the banking and energy sectors. Dow futures started moving higher right off the …
Currency comment 3/28
In classic fashion we saw “Turn around Tuesday” today. All of the losses in U.S. financial assets seen Monday were made up by strong rallies Tuesday. The dollar and stock indexes rallied while bonds dropped. The cause for Monday’s drop was political and the cause of Tuesday’s rally was also political. Traders who worried that the failure to change Obamacare …
Windy City Jim – Daily Trade Recommendations (3/29/2017)
Futures Day Trading Signals (Wednesday, March 29th, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : May Soybeans Previous Closing Price : 972 …
Ag commentary
The markets are awaiting Fridays usda acreage report. We most likely will remain quiet till that time. The funds remain long. This is a question mark. When,if they will need to liquidate. The planting intentions should be considerably higher than a year ago. Weather then will become the key component. The south American crops continue to grow in size. The weather …
Equities rally, but continue downward trend
Six Year Dip The Dow closed lower on Monday, the eighth session in a row with a lower close. That is the longest losing streak since 2011. The index was able to rally and close down 58 points, after being down nearly 200 points to start the day. Concerns Remain Friday’s pull of the health care bill, sent some jitters …
Currency comment 3/27
The U.S. dollar came under selling pressure on Monday. Foreign currencies were strongly higher with the Euro currency the strongest. Stock indices also saw considerable selling pressure in early trading but closed only moderately lower; bonds were higher. Selling of U.S. assets was tied to investor worries that the new administration had been weakened by the failure to pass a …
Windy City Jim – Daily Trade Recommendations (3/28/2017)
Futures Day Trading Signals (Tuesday, March 28th, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. General Comments from Jim Walters on trades for 3/27/17: Big Winner in Gold Winner in Coffee Small loss in May Beans Now stocks …
US Grain Weather Update
For the latest US Grain Weather Update, CLICK HERE. For those interested, Walsh Trading hosts a FREE Grain Outlook Webinar each Thursday at 3PM CST. We will hold our next webinar on Thursday, March 30th. REGISTER NOW. If you missed last week’s webinar, you may VIEW A RECORDING.
Livestock Report
Live Cattle April Live Cattle rallied to a new high on Friday, March 24, 2017, trading to123.20 before a late day selloff challenged support at 121.45, making the days low at 121.625. It closed near the open forming a doji candle. This indicates indecision in the market and a breakout from this candle could lead to the April contracts next …