* LATEST MARKET DEVELOPMENTS * It’s a bit of a “risk-off” trading day in the market place to start the new trading week, as European and U.S. stock indexes are weaker, while the U.S. dollar index and U.S....
Read MoreFriday, October 5–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * As usual the market place early Friday is anxiously awaitingwhat is arguably the most important U.S. economic report ofthe month: the...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, the Bank of England left its interest rates unchanged, as expected. Traders are awaiting the Thursday press conference from European Central Bank president Mario Draghi. Most...
Read MoreSee on the daily bar chart for December ICE cocoa futures that prices have sold off sharply recently and this week have hit a fresh five-week low. The bears have some fresh downside technical momentum. A move below technical...
Read More* LATEST MARKET DEVELOPMENTS * The market place is generally quiet Wednesday morning. There was some more weak economic data coming out of China overnight, as the Chinese non-manufacturing purchasing managers index fell in...
Read MoreSee on the daily bar chart that December T-Bonds have made a solid recovery from the September low as the bulls have gained fresh upside near-term technical momentum recently. However, there is still overhead downtrend line...
Read More* LATEST MARKET DEVELOPMENTS * Trading overseas overnight was fairly quiet. The Reserve Bank of Australia did cut its interest rate by 0.25%, to 3.25%. Euro zone economic data released Tuesday showed producer price inflation...
Read MoreSee on the daily bar chart that the December Japanese yen futures, traded at the Chicago Mercantile Exchange, on Friday scored a big and bearish “outside day” down on the daily bar chart and closed at a bearish...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, Chinese economic data released Monday was again downbeat, showing a weak manufacturing sector via its PMI index. China is on holiday this week, celebrating Golden Week. A major...
Read MoreMETALS: December gold futures closed down $1.50 an ounce at $1,733.40 yesterday. Prices closed nearer the session low yesterday after hitting another fresh six-month high early on. Profit taking and position evening were...
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