Author: Jim Wyckoff

Tuesday, May 7–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, Australia’s central bank cuts its interest rate to a record low of 2.75% in an effort to keep its economy afloat...

GRAINS: July corn futures closed down 24 1/2 cents at $6.36 3/4 Monday. Prices closed nearer the session low and were pressured sharply by drier and warmer weather forecasts for the U.S. Corn Belt this week, which will allow...

Monday, May 6–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, London was closed for a public holiday, which made for quieter dealings in the foreign exchange market. The European Union...

Friday, May 3–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place awaits Friday morning’s U.S. jobs report for April. The key non-farm payrolls figure is seen coming in at up 148,000,...

SOFTS: July sugar closed up 29 points at 17.62 cents yesterday. Prices closed near the session high yesterday on short covering in a bear market after prices hit a fresh 2.5-year low early on. The sugar bears still have the...

Thursday, May 2–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Traders and investors were awaiting the outcome of the European Central Bank meeting Thursday to discuss EU monetary policy. Many had...

CURRENCIES The June Euro currency closed up 69 points at 1.3170 today. Prices closed nearer the session high and hit a two-week high today. Bulls and bears are now on a level near-term technical playing field. Euro bulls’...

Tuesday, April 30–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It will be a busy day of U.S. economic data Tuesday. Reports data due for release include the weekly Goldman Sachs and Johnson Redbook...

JULY CORN FUTURES July corn futures closed up the 40-cent limit at $6.59 3/4 Monday. Prices hit a fresh four-week high as the first major “weather market” of the U.S. planting and growing season has been uncorked. A...

Monday, April 29–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, Italian bond yields fell to a 2.5-year low at the latest 10-year bond auction as investors embraced the new Italian...