Dalian commodities exchange booms

By Richard McGregor Like most things to do with soybeans in China, the Dalian Commodity Exchange is doing record business. The number of contracts and the volumes of trades in the oil seeds more than quadrupled in the three years to 2003, and have continued to grow rapidly this year. The breakneck increase in demand […]

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$100 million fine set in futures fraud case

By Ann Saphir International Financial Services LLC and International Financial Services Inc., of New York, were ordered to pay $100 million for defrauding currency futures investors, the Commodity Futures Trading Commission said. John Walker Robinson, former IFS president, and Chan Kow Lai, an IFS director, were also “personally liable for the wrongdoing,” Judge Gerard Lynch […]

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The rally in the Dow and Nasdaq has extended into overbought territory. This rally in price was not confirmed by volume which indentifies it as a bear market rally as opposed to the begining of a new bull market. The rally has also relieved the very oversold position that existed in these markets three weeks ago.

Words to the wise commodity trader

The rally in the Dow and Nasdaq has extended into overbought territory. This rally in price was not confirmed by volume which indentifies it as a bear market rally as opposed to the begining of a new bull market. The rally has also relieved the very oversold position that existed in these markets three weeks […]

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Pay Attention to Volatility

Pay Attention To Volatility

By Len Yates What trader has not experienced seeing the market move in the anticipated direction, but his options gaining only very little? Betcha those options were overvalued when they were bought! Or, covered writers: Have you ever written options and felt that you were getting unusually low premiums? Maybe you were selling when options […]

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Dollar May Drop for Fourth Week Against Euro, Survey Indicates

May 31 (Bloomberg) — The dollar may drop against the euro for a fourth week on the belief that the U.S. currency’s 5.4 percent advance from a record low already reflects forecasts for employment growth and higher interest rates, a Bloomberg survey indicates. Sixty-seven percent of the 82 traders, investors and strategists polled Friday from […]

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