OVERNIGHT/EARLY MORNING DEVELOPMENTS
The U.S. stock indexes were weaker in overnight electronic trading. The U.S. dollar is slightly stronger versus the major currencies in early trading, gold is slightly lower, crude oil is lower and U.S. Treasury Bonds are slightly higher in early dealings. Grains were lower in overnight electronic trading. There were no major, market-moving geopolitical news events that occurred overnight.
OVERNIGHT/EARLY MORNING DEVELOPMENTS
The U.S. stock indexes were weaker in overnight electronic trading. The U.S. dollar is sharply lower versus the major currencies in early trading, gold is moderately higher, crude oil is higher and U.S. Treasury Bonds are steady in early dealings. Grains were higher in overnight electronic trading. There were no major geopolitical news events that occurred overnight or over the long U.S. holiday weekend.
OVERNIGHT/EARLY MORNING DEVELOPMENTS
The U.S. stock indexes were weaker in overnight electronic trading. The U.S. dollar is firmer versus the major currencies in early trading, gold is moderately higher, crude oil is higher and U.S. Treasury Bonds are steady in early dealings. Grains were higher in overnight electronic trading. There were no major geopolitical news events that occurred overnight.
Overnight/Early Morning Developments: The U.S. stock indexes were higher in overnight electronic trading. The U.S. dollar is weaker versus the major currencies in early trading, gold is moderately higher, crude oil is higher and U.S. Treasury Bonds are steady to higher in early dealings. Grains were mostly lower in overnight electronic trading. There were no major geopolitical news events that occurred overnight.
Overnight Developments: The U.S. stock indexes were narrowly mixed in overnight electronic trading. The U.S. dollar is firmer versus the major currencies in early trading, gold is solidly lower, crude oil is solidly lower and U.S. Treasury Bonds are solidly higher in early dealings. Grains were mixed in overnight electronic trading. There were no major geopolitical news events that occurred overnight. However, fresh bird flu cases have garnered headlines today.
Overnight Developments: The U.S. stock indexes were higher in overnight electronic trading. The U.S. dollar is firmer versus the major currencies in early trading, gold is modestly higher, crude oil is solidly higher and U.S. Treasury Bonds are lower in early dealings. Grains were higher in overnight electronic trading. There were no major geopolitical news events that occurred overnight.
Overnight Developments: The U.S. stock indexes were lower in overnight electronic trading. The U.S. dollar is stronger versus the major currencies in early trading, gold is solidly lower, crude oil is lower and U.S. Treasury Bonds are higher in early dealings. Grains were lower in overnight electronic trading. Trader focus continues on the metals markets. There were no major geopolitical developments over the weekend.
U.S. Economic Reports: There are no major U.S. economic reports due for release today. Dallas Fed President Fisher speaks at midday today.
Overnight Developments: The U.S. stock indexes made another modest recovery in overnight electronic trading, following more solid losses during the day session Thursday. The U.S. dollar is stronger versus the major currencies in early trading, gold is modestly lower and U.S. Treasury Bonds are slightly higher in early dealings.
Overnight Developments: The U.S. stock indexes made a recovery in overnight electronic trading, following steep losses during the day session Wednesday. The U.S. dollar was slightly weaker versus the major currencies overnight, gold was moderately lower and U.S. Treasury Bonds were slightly higher in overnight trading.
The raw commodities sector has been in the business media spotlight for months, as several major bull runs are playing out in individual commodities futures markets. That spotlight got a little brighter this week when gold futures pushed above $700.00 an ounce and hit a 25-year high.
How long will these bull markets in raw commodities last? Will major bull markets in other commodities develop soon? Is there a “speculative bubble” in some commodities markets, such as precious metals and liquid energies? If so, when will the bubble burst?
Jim Wyckoff has been involved with the stock, financial and futures markets for more than 20 years. He was born and raised in Iowa, where he still resides.Wyckoff became a financial journalist with Futures World News for many years, cutting his teeth as a reporter on the futures trading floors in Chicago and New York, where he covered every futures market traded in the United States at one time or another.Not long after he began his career in financial journalism, he began studying technical analysis. By studying chart patterns and other technical indicators, he realized this approach to analyzing and trading markets could level the playing field between “professional insiders” in the markets and individual traders. His extensive studies of technical analysis and knowledge of markets led to several positions, including chief technical analyst at several well-known companies. He says his mission is not just to generate profits for traders but to also provide them with educational and insightful information because, in the fascinating business of trading, one never stops learning. Wyckoff received a Bachelor of Science degree at Iowa State University, graduating in 1984 with a major in journalism and a minor in economics. He and his wife have two children, a son in high school and a daughter in college.When he’s not analyzing markets and educating traders, Wyckoff says he loves adventures, from driving a Jeep across the highest mountain pass in the continental United States to extreme winter camping in the Boundary Waters to hiking in the jungles of South America.
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