* LATEST MARKET DEVELOPMENTS * The U.S. dollar index is stronger again Friday morning and is hovering near this week's 9.5-month high. San Francisco Federal Reserve Bank President John Williams late Thursday said he is open to winding down the Fed's...
METALS June gold futures closed down $8.80 an ounce at $1,387.40 yesterday. Prices closed nearer the session high yesterday and hit a fresh four-week low. The gold bears are in firm near-term technical control. Prices are in a seven-month-old downtrend...
* LATEST MARKET DEVELOPMENTS * Gold is in the spotlight Thursday as prices have been dropping for the past week. June gold futures on Wednesday dropped and closed below important psychological support at $1,400.00 an ounce, to further erode the near-term...
ENERGIES: June Nymex crude oil closed steady at $94.21 today. Prices closed nearer the session high today. Gains were limited by a firmer U.S. dollar index and worries about worldwide demand. Crude bulls and bears are on a level near-term technical...
Wednesday, May 15--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency fell and the U.S. dollar index rose to a nine-month high on news of a weaker-than-expected European Union gross domestic product figure....
CURRENCIES: The June Euro currency closed down 30 points at 1.2942 yesterday. Prices closed near the session low yesterday, hit a fresh six-week low and scored a bearish "outside day" down on the daily bar chart. Bears have the near-term technical...
The e-mini S&P stock index futures (ES) have been trending gently higher for several months and this week scored another new all-time record high. "The trend is your friend" in trading markets, and the trend in the e-mini S&P remains higher....
Tuesday, May 14--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * It was an uneventful overnight trade in Asia and Europe Tuesday. Fresh economic data from Europe was mixed Tuesday. The German ZEW index for May came in at 36.4 versus 36.3 in...
June U.S. T-Bonds closed down 12/32 at 144 20/32 yesterday. Prices closed near mid-range yesterday and hit a fresh five-week low. Bond market bears now have the near-term technical advantage. Prices are in a steep two-week-old downtrend on the daily bar...
Monday, May 13--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the U.S. dollar has surged on the world foreign exchange market the past couple trading sessions, which in turn has impacted several other markets. There was...
Friday, May 10--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the surge in the U.S. dollar against the other major world currencies, which started in late trading Thursday and continued into Friday, has caught the...
ENERGIES: June Nymex crude oil closed down $0.61 at $96.01 yesterday. Prices closed near mid-range yesterday and were pressured by a stronger U.S. dollar index. Crude bulls still have the near-term technical advantage. Prices are in a steep...
Thursday, May 9--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, China reported its producer price index dropped more than expected in April, which suggests slowing production in China. Meantime, China also reported its...
GRAINS: July corn futures closed down 7 cents at $6.33 Wednesday. Prices closed near mid-range. The key "outside markets" were bullish for the corn market today, as the U.S. dollar index was lower and crude oil prices were firmer. Yet, corn bulls could...
Wednesday, May 8--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency was given a boost by better-than-expected German industrial production data in April, at up 1.2% when a 0.2% decline was expected. China...