Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * In overnight news, China’s flash purchasing managers index (PMI) fell to 49.6 in January from 50.5 in December—the lowest reading in six months. A PMI reading below 50.0 suggests...

* LATEST MARKET DEVELOPMENTS * The feature of a quieter, U.S. holiday-shortened trading week is the annual economic and financial forum held in Davos, Switzerland. The forum lasts all week. Many of the world’s economic and...

CURRENCIES The March Dollar posted an inside day with a lower close on Thursday as it consolidated some of Wednesday’s rally. The mid-range close sets the stage for a steady opening when Friday’s night session begins...

LIVESTOCK: April live cattle closed up $1.22 at $139.02 Wednesday. Prices closed nearer the session high and hit a fresh contract high today. Nearby futures are now at record high levels. Also, record-high boxed beef and cash...

* LATEST MARKET DEVELOPMENTS * The feature of the market place this week is the U.S. stock indexes that have either hit or are moving in on new record or multi-year highs. Some mostly upbeat U.S. economic data this week has...

March U.S. T-Bonds closed down 16/32 at 130 19/32 today. Prices closed nearer the session low on a corrective pullback from recent strong gains. Bond market bears have the slight overall near-term technical advantage, but the...

Wednesday, January 15–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * A better-than-expected reading on monthly U.S. retail sales reported on Tuesday helped to sink the gold and silver markets and boost...

* LATEST MARKET DEVELOPMENTS * Trading activity was uneventful in Asia and Europe overnight. Attention turns to a heavy slate of U.S. economic data to be released Tuesday. On tap includes the weekly Goldman Sachs and Johnson...

* LATEST MARKET DEVELOPMENTS * Traders continue to digest last Friday’s much-weaker-than-expected U.S. jobs report, which begins to suggest the Federal Reserve pay have to taper its just-implemented tapering program. The...

* LATEST MARKET DEVELOPMENTS * Arguably the most important economic report of the month is Friday morning’s monthly U.S. jobs report. The key non-farm payrolls figure of the Labor Department’s employment report is...