Author: Jim Wyckoff

Wednesday, May 15–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency fell and the U.S. dollar index rose to a nine-month high on news of a weaker-than-expected European...

Tuesday, May 14–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It was an uneventful overnight trade in Asia and Europe Tuesday. Fresh economic data from Europe was mixed Tuesday. The German ZEW index...

Monday, May 13–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the U.S. dollar has surged on the world foreign exchange market the past couple trading sessions, which in turn has...

Friday, May 10–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the surge in the U.S. dollar against the other major world currencies, which started in late trading Thursday and...

ENERGIES: June Nymex crude oil closed down $0.61 at $96.01 yesterday. Prices closed near mid-range yesterday and were pressured by a stronger U.S. dollar index. Crude bulls still have the near-term technical advantage. Prices...

Thursday, May 9–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, China reported its producer price index dropped more than expected in April, which suggests slowing production in China....

Wednesday, May 8–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency was given a boost by better-than-expected German industrial production data in April, at up 1.2% when...

LIVESTOCK: June live cattle closed down $0.47 at $120.82 yesterday. Prices closed near the session low and hit another fresh two-week low yesterday. Cattle futures bears have the solid overall near-term technical advantage. The...