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Author: Jim Wyckoff

Energy Market Bulls Continue to Struggle

ENERGIES: October Nymex crude oil closed up $0.51 at $93.86 today. Prices closed near mid-range on short covering in a bear market. Crude oil bears still have the firm near-term technical advantage. Prices are in a steep...

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U.S. Federal Reserve in Focus Thursday

* Latest Market Development * The market place is still digesting Wednesday afternoon’s FOMC minutes report. The Fed officials’ wording that the U.S. labor situation continues to improve fell into the camp of...

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FOMC Minutes on Tap Wednesday P.M.

* Latest Market Developments * The Federal Reserve’s FOMC minutes’ release on Wednesday afternoon is the economic report highlight of the day. As usual, the report will be parsed and will be closely scrutinized for...

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Key U.S. Economic Data on Deck

* Latest Market Developments * There is increased risk appetite in the market place this week, evidenced by firmer stock markets worldwide, including U.S. stock indexes that on Monday hit or are moving in on record or multi-year...

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Federal Reserve Events in Focus this Week

* Latest Market Developments * There is a bit less risk aversion in the market place Monday, as evidenced by generally firmer stock markets worldwide. Weekend news saw a meeting between Germany, Russia, Ukraine and France,...

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Geopolitics on Back Burner, For Now

* Latest Market Developments * On the geopolitical front, the market place perceives the Russia-Ukraine tensions might be easing just a bit following conciliatory words from Russian president Putin late this week. Also, reports...

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