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JimWyckoff's Commentaries

Showing Posts 1 - 15 out of 1000 found.

Stock Index Bulls Show Dramatic Strength

* Latest Market Developments * Asian and European stock markets posted sharp gains Friday, following Wall Street’s lead from Thursday. The world stock markets’ euphoria is stemming from dovishly construed FOMC meeting results on Wednesday. There are also ideas the European Central Bank will soon announce further monetary policy stimulus measures, which helped to boost the European equities....

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Risk-On Day in Market Place Early Thursday

* Latest Market Developments * Traders and investors are still digesting Wednesday’s Federal Reserve Open Market Committee (FOMC) meeting and Fed chair Janet Yellen’s press conference. Many market watchers were confused in the immediate aftermath of FOMC statement, as the Fed left in the “considerable time” phrase, regarding when it might raise interest rates, but the statement also said the...

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Market Place Awaits FOMC Conclusion; Eyes Still on Ruble

* Latest Market Developments * The market place is still very concerned about the Russian ruble’s sharp drop this week, hitting a record low versus the U.S. dollar—despite the Russian central bank on Tuesday implementing a big interest rate increase from 10.5%, to 17%. The reverberations in the world currency markets and financial sector are significant. And there are growing worries the...

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Keener Risk Aversion in Market Place Tuesday

* Latest Market Developments * As the U.S. day session is set to begin, it has quickly become a keen “risk-off” trading day in the world market place Tuesday. U.S. stock indexes have fallen to solidly lower levels after posting moderate gains overnight. There were several worrisome developments overnight but the main concern is the Russian ruble has plunged and hit another record low versus...

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Stock Markets Rebound Monday; FOMC in Focus

* Latest Market Developments * World stock market prices were mostly higher Monday on corrective bounces from last week’s selling pressure. The plunging price of crude oil the past few weeks has spooked the stock markets, despite the benefit for consumers at the gasoline pumps. Overnight, January Nymex crude dropped to another five-year low of $56.25 a barrel but then posted a corrective...

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Slumping Crude Oil Prices Still the Focus of Market Place

* Latest Market Developments * The focus of the market place continues to be on the falling price of crude oil. Overnight, January Nymex crude dropped to another five-year low of $58.80 a barrel. A bearish report was released Friday from the International Energy Agency, which forecast reduced world demand for crude oil in 2015. Despite consumers cheering falling gasoline prices at the pump,...

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Market Place a Bit Calmer Thursday Morning

* Latest Market Developments * The market place is calmer as the U.S. trading day approaches Thursday.  U.S. stock indexes are trading near unchanged levels. Crude oil prices are firmer on a corrective bounce after hitting five-year lows Wednesday. January Nymex crude oil futures dropped to a low of $60.43 a barrel Wednesday. The plunging price of oil has recently spooked the market place....

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World Markets Calmer Wednesday Morning

* Latest Market Developments * World stock markets have stabilized Wednesday following Tuesday’s big shudder. Asian and European equity markets were mixed and the U.S. stock indexes were not trading far from unchanged in early, pre-market action. Crude oil prices are lower and at or near five-year lows Wednesday. It’s understood by most that rising U.S. crude oil production is a main factor...

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Risk Aversion Returns to Market Place Tuesday

* Latest Market Developments * It’s a “risk-off” day in the market place Tuesday. World stock markets were under pressure overnight, led by sharp declines in Asian shares, and the U.S. stock indexes are also lower in early dealings. China took further steps Tuesday to regulate its domestic bond markets, which was unsettling to Asian traders. The big drop in oil prices recently still has...

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U.S. Dollar Stronger, Crude Oil Lower, to Start Trading Week

* Latest Market Developments * The U.S. dollar hit a seven-year high against the Japanese yen and hit a two-year high against the Euro currency overnight—in the aftermath of Friday’s much-stronger-than-expected U.S. jobs report. The other key “outside market”—crude oil—is trading lower to start the trading week, with Nymex crude oil futures hovering not far above last week’s five-year low of...

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U.S. Jobs Data Will Drive Markets Friday

* Latest Market Developments * Traders and investors are awaiting what is arguably the most important U.S. economic data point of the month: the employment situation report from the U.S. Labor Department. The key non-farm payrolls figure is expected to have risen by around 230,000 in November. The overall unemployment rate is expected to come in at 5.8%. Any non-farms number significantly...

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Livestock Futrues Bulls Are Fading

LIVESTOCK: February live cattle closed down $0.15 at 166.92 today. Prices closed nearer the session low and closed at a four-week low close today. Bulls are fading. Another down day on Friday and the three-month-old uptrend on the daily bar chart would likely be negated. But right now the cattle market bulls still have the overall near-term technical advantage. Bulls’ next upside price...

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Currency Markets in Focus Thursday

* Latest Market Developments * The European Central Bank is holding its monthly meeting Thursday. Many believe the ECB will not yet move to further stimulate EU monetary policy, but most think it is coming. The press conference by ECB president Mario Draghi following the meeting will be closely scrutinized, as usual. Recent economic data coming out of the European Union suggests the ECB will...

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U.S. Treasuries Bulls are Fading a Bit

March U.S. T-Bonds closed up 7/32 at 141 9/32 today. Prices closed nearer the session high today. Prices hit a six-week high on Monday. The bond bulls still have the near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 140 even. The next upside technical objective for the bulls is to produce a close...

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U.S. Dollar Index Pushes to 4-Year High Wednesday

* Latest Market Developments * The U.S. dollar index hit a four-year high overnight and the Euro currency fell to a two-year low against the greenback. The latest European Union purchasing managers index (PMI) came in weaker than expected, which pressured the Euro. The data firm Markit reported the said the composite EU PMI for November was 51.1 versus 52.1 in October. A reading above 50.0...

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