Author: Jim Wyckoff

CURRENCIES: The June Euro currency closed down 55 points at 1.3699 today. Prices closed nearer the session low today and hit a fresh five-week low. The bears have quickly gained the overall near-term technical advantage. Euro...

* LATEST MARKET DEVELOPMENTS * In overnight news, European Union industrial production fell in 0.3% in March from February, and was down 0.1% year-on-year. Germany’s consumer price index fell 0.2% in April, from March, and...

Tuesday, May 13–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news the Organization for Economic Cooperation and Development (OECD) reported China’s economic growth rate will...

* LATEST MARKET DEVELOPMENTS * The Russia-Ukraine situation sees tensions still very high as the weekend saw a secession referendum vote taken in eastern Ukraine, in which the pro-Russia separatists won. The voting process was...

* LATEST MARKET DEVELOPMENTS * Markets were quieter in overnight trading, as no major economic news came out of Europe or Asia Friday. A feature in the market place last this week has been in the currency markets. The U.S....

* LATEST MARKET DEVELOPMENTS * The major economic event for Thursday is the European Central Bank monthly monetary policy meeting. There is no change in ECB monetary policy expected at this meeting. However, there is growing...

LIVESTOCK: June live cattle closed up $0.77 at $138.30 Tuesday. Prices closed nearer the session high. The bulls have the solid near-term technical advantage. Steady to higher cash cattle prices last week and the big discount...

* LATEST MARKET DEVELOPMENTS * The highlight in the U.S. Wednesday will be Fed Chair Janet Yellen’s testimony on the U.S. economy and monetary policy to the U.S. Congress. The market place will closely scrutinize...