Author: Jim Wyckoff

Friday, March 15–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, inflation in the European Union was reported at 2.3% in the fourth quarter of 2012, on an annualized basis. Wage growth...

GRAINS: May corn futures last traded up 5 1/2 cents at $7.15 3/4 today in late trading. Prices were nearer the session high and poised to close at a fresh five-week high close. A weaker U.S. dollar index and good weekly USDA...

CURRENCIES: The June Euro currency closed down 66 points at 1.2926 yesterday. Prices closed nearer the session low and hit a fresh 3.5-month low yesterday. The Euro bears have the overall near-term technical advantage. A...

Wednesday, March 13–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, a German two-year note auction saw the notes (also called Schatz) fetch strong demand with a yield of only 0.06%....

METALS: April gold futures closed up $13.60 an ounce at $1,591.60 yesterday. Prices closed nearer the session high yesterday, hit a fresh two-week high, and saw heavy short covering and some fresh bargain hunting....

Tuesday, March 12–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, Spanish and Italian bond yields held steady following successful government debt auctions in both countries Tuesday....

LIVESTOCK: April live cattle closed up $1.02 at $128.57 yesterday. Prices closed nearer the session high yesterday on short covering in a bear market. Prices Friday hit a 10-month low. The market was supported yesterday by some...

Monday, March 11–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, Italian bond yields rose Monday after the Fitch ratings agency late Friday downgraded the country’s credit...

Friday, March 8–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The most important U.S. economic report of the month, the employment situation report for February, is due out Friday morning. The key...