Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * In overnight news, reports said there has been another truce agreement between Ukrainian protesters and government officials. The Ukrainian president said he will call for early elections. However,...

* LATEST MARKET DEVELOPMENTS * Traders and investors are still buzzing about Wednesday afternoon’s FOMC minutes, in which the Federal Reserve’s voting members held the line on wanting to keep the Fed’s...

SOFTS: March sugar closed up 53 points at 16.16 cents today. Prices closed nearer the session high today and saw short covering and bargain hunting. A weaker U.S. dollar index was bullish for sugar today. Sugar bears still have...

* LATEST MARKET DEVELOPMENTS * Traders and investors today get a solid dose of U.S. economic data, including the release of the minutes of the latest meeting of the Federal Reserve’s Open Market Committee (FOMC). Given...

* LATEST MARKET DEVELOPMENTS * In overnight news, the Bank of Japan made a de facto monetary policy stimulus move Tuesday following weak gross domestic product data released Monday. The BOJ offered incentives to Japanese banks...

CURRENCIES The March Dollar closed lower on Thursday as it extended this month’s decline. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and...

Jim Wyckoff’s Morning Web Log NOTE: I am out of the office today. My friend and fellow market analyst Ken Seehusen produced my report.—Jim The STOCK INDEXES: The March NASDAQ 100 was higher overnight as it extends...

* LATEST MARKET DEVELOPMENTS * World stock markets are in a pause and corrective pullback mode Thursday following recent solid gains that have put the bulls back in near-term technical control. While the rebounds in the U.S....

METALS: April gold futures closed up $14.60 an ounce at $1,289.40 today. Prices closed nearer the session high and hit a more-than three-month high today. A six-week-old uptrend is in place on the daily bar chart. Bulls are...