Author: Jim Wyckoff

* Latest Market Developments * World stock and commodity markets were under pressure Monday following Friday’s major collapse in crude oil prices—the day after an OPEC meeting that failed to produce production cuts...

*OVERNIGHT DEVELOPMENTS* The big feature in the market place Friday morning is plunging crude oil prices following Thursday’s much-anticipated OPEC oil cartel meeting. The cartel decided to leave its daily collective...

*OVERNIGHT DEVELOPMENTS* U.S. trading activity for the week is likely to wind down as the day progresses Wednesday, ahead of the Thanksgiving holiday on Thursday. Typically, Friday finds one of the lightest-volume trading days...

GRAINS: March corn futures closed up 7 cents at $3.87 1/4 today. Prices closed nearer the session high. Bulls and bears are on a level near-term technical playing field but the bulls regained some momentum today. The next...

* Latest Market Developments * There is a heavier slate of U.S. economic data due for release Tuesday, highlighted by the second-quarter report on gross domestic product. Market expectations are for the U.S. second-quarter GDP...

* Latest Market Developments * U.S. stock indexes are firmer to start the trading week and hovering near their recent record or multi-year highs. It could be a quieter trading week in the U.S. as the Thanksgiving holiday is...

* Latest Market Developments * In an unexpected move overnight, China’s central bank reduced its interest rates in order to stimulate a decelerating China economy, which is the second-largest in the world. The past few...

* Latest Market Developments * In overnight news, the HSBC China manufacturing purchasing managers index (PMI) came in at 50.0 in November, which is down from 50.4 in October. A PMI reading above 50.0 suggests growth in the...