For the complete Report, CLICK HERE.
Bonds Continue to Bounce
Bonds had a nice bounce higher today continuing an upswing that began after yesterday afternoons Fed rate hike. A slightly lower start provided an entry without having to reach much for any bulls out there. A higher stock market open especially for the Naz was a little intimidating but other indexes were reluctant to follow and a sharp break …
Livestock report
Live Cattle The February Live Cattle contract traded inside the Tuesday range (120.45 – 117.675) on Wednesday, December 13. The Wednesday range was 120.00 high to 118.125 low. It ended the day at 118.40, below the key 119.15 level. A break down below the Wednesday low could take price down to trendline support at 117.225. Support then comes in at …
Ouch Canada: Canadian Dollar Futures
March Canadian Dollar I spent some time breaking down the structural evidence of our neighbor to the north’s currency market. I always favor to process information in a top down analytical style. It’s quite a process seeing that one needs to start in the longer-term time frames and work forward into the smaller. It appears to me that …
Bonds Bouncing After Yellen’s Last Meeting
Bonds have a nice bounce higher this afternoon after the Fed raised rates as expected by everyone . The dovish tone to the post meeting release was the key to bringing in buying driving the market up and re-triggering the flattening yield curve trend. The Open market Committee’s growth forecast was increased but very importantly their inflation expectations stayed the …
US, South America & Australia Grain Weather Reports from WxRisk.com
For the complete US Grain Weather report, CLICK HERE. For the complete South America and Australia Grain Weather report, CLICK HERE.
Wowsabi: Japanese Yen Futures
March Japanese Yen So far the Holiday season has been extremely dreary for Japanese Yen longs. The high of .90730 on November 27th has given up more than 60% measured from the months early lows. The daily candle formation appears to be that of an inverted hanging man which has bullish implications. To trigger the setup …
Notes and Bonds Bouncing Back From Friday’s Sell Off
The last fed meeting for Janet Yellen and for 2017 is on tap to begin Tuesday. An announcement at 1 PM Wednesday for a 1/4 point rise in discount rate is almost certainly in the works and shouldn’t have any directional effect on current trading levels. The FOMC forecasts and press conference following the meeting might. Powell will then take …
Notes and Bonds Await Employment and Consumer Confidence Numbers
Data due tomorrow is holding up the trading volume today as the long end of the treasury market remains within the bounds of the recent trading range . The claims number fell to 5 week lows and ADP estimate was 190,000 jobs created nationwide. All things considering it’s a pretty good performance by economy .The more important data points arrive …
See a Penny Pick It Up: March Copper Futures
March Copper The copper market has given up a bit of its gains over the last month and a half. The advance commencing from early 2016 appears to be rising in an a-b-c pattern. The highs before Halloween peaked out at the 50% retracement level from the extremes of early 2011. I believe that currently we are just …