Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * In a surprise move late Tuesday, U.S. government lawmakers reached a bipartisan agreement on a budget deal that should avoid the debacle that occurred just a few months ago, which forced the U.S....

February live cattle closed up $0.15 at $133.00 Monday. Prices closed nearer the session low and saw tepid short covering. The bulls are fading. Bulls and bears are on a level near-term technical playing field. Significant...

* LATEST MARKET DEVELOPMENTS * In overnight news, European Central Bank president Mario Draghi said the EU is not headed for a deflationary debacle like that of Japan—even though EU inflation is very low and is expected to...

* LATEST MARKET DEVELOPMENTS * In overnight news from the European Union, German industrial production showed a surprising decline of 1.2% in October from September. This was well short of market place expectations of a rise of...

March corn futures closed down 3 cents at $4.33 1/2 Thursday. Prices closed near mid-range. Anemic export demand for U.S. corn amid the recent record corn crop harvested remain very bearish elements for corn. Corn bears are in...

* LATEST MARKET DEVELOPMENTS * Traders and investors anxiously await what is arguably the most important economic report of the month: Friday morning’s U.S. Labor Department employment report for November. The key non-farm...

February gold posted a key reversal up due to short covering on Wednesday on growing concerns that the Fed will begin to scale back is QE-3 stimulus program. The high-range close sets the stage for a steady to higher opening...

* LATEST MARKET DEVELOPMENTS * Traders and investors are awaiting the next big batch of important economic data due out Thursday. The headline event Thursday will be the European Central Bank’s monthly monetary policy...

The March Euro currency closed up 52 points at 1.3593 today. Prices closed nearer the session high and closed at a fresh four-week high close today. Bulls have the near-term technical advantage in the Euro. Euro bulls’...

* LATEST MARKET DEVELOPMENTS * Wednesday the heat gets turned up on a big week for economic data. In the U.S., the monthly ADP national employment report and Federal Reserve’s beige book highlight a busy economic report...