Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * This is a big week for economic data, highlighted by the European Central Bank’s monthly monetary policy meeting on Thursday and the U.S. jobs report on Friday. However, there are other key...

* LATEST MARKET DEVELOPMENTS * It’s a big economic data week. Focus of traders and investors is on the European Central Bank’s monthly monetary policy meeting on Thursday. On Friday the U.S. jobs report is due out....

 METALS: February gold futures closed down $3.10 an ounce at $1,238.40 today. Prices closed near the session low. The key “outside markets” turned bearish for the gold market today, as the U.S. dollar index...

Friday, November 29–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the number of unemployed in the European Union dropped to its lowest annual level since April of 2011, at 12.1% in...

* LATEST MARKET DEVELOPMENTS * It’s a quiet and uneventful market place Tuesday. Overseas stock markets saw some mild profit taking from Monday’s rallies. Trading activity and market volumes may continue to dwindle...

* LATEST MARKET DEVELOPMENTS * The surprise geopolitical news over the weekend is that Iran has reached agreement with the U.S., Russia and other major nations to see reduced economic sanctions against Iran in exchange for its...

January Nymex crude oil closed up $1.38 at $95.24 today. Prices closed nearer the session high today and hit a fresh two-week high on short covering. Crude oil bears still have the overall near-term technical advantage. An...

* LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency was given a modest boost by some upbeat economic data coming out of leading EU economic power Germany. The Ifo business confidence index rose to 109.3 in...

* LATEST MARKET DEVELOPMENTS * The U.S. Federal Reserve’s FOMC minutes released Wednesday afternoon were deemed somewhat hawkish by the market place. Several members of the committee said at their October meeting they...

February live cattle closed down $1.25 at $131.95 Tuesday. Prices closed nearer the session low and hit a fresh two-month low today. More heavy profit-taking pressure was featured. The cattle futures bulls have lost their...