Tag Archives | Foreign exchange market

Soybean oil futures chart for January 9, 2013

Picking a Bottom in Ags – Soybean oil

The story for months has been slack demand for Agriculture and increasing global production. Hence wheat currently trading under three year lows and corn trading under 2 year lows. Soybean oil has not escaped the black cloud that has been hanging over this sector either as seen on chart below clearly there has been a […]

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Natural Gas Futures chart for January 8, 2014

As weather abates will Natural Gas respond?

I’ve pointed this out several times in recent weeks but a sleeping giant was awoken 9 weeks ago. Natural gas has been on a tear from early November adding $1 move in the futures market from the first week of November until peaking in Mid-December just above $4.50. In the last two weeks February has […]

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Coffee Futures chart of January 3, 2014

Coffee Getting support from the Funds

As of this post coffee prices are higher by 4.44% with prices approaching previous resistance just below the 50 day MA (light blue line) that was challenged last week. Prices appear to be on the rise as money managers bought the dip this week when prices were trading near three weeks lows. I anticipate funds piling into coffee longs next week buying upwards of 10,000 contracts as they re-balance their positions at the […]

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Canadian dollar - CAD - Loonie

The Loonie…A Broken Wing but it Can Still Fly

Today is December 5th and it looks like it may be the first positive session in the Canadian dollar in 10 sessions. Future traded to their lowest levels since May of 2010 yesterday but for now it appears .9350 will be the line in the sand in December futures. One cannot look at the Canadian […]

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30 Year US Treasury Bond Futures

Treasury Complex on its Heels

US Treasury futures are lower for the third day running amid fresh signs of economic expansion, putting the yield of the benchmark 10-yr Notes on the cusp of rising above 3% for the first time in 2 years. According to ADP today the US added 176,000 jobs in August. A key gauge of the US […]

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Dollar Index Futures chart, August 30, 2013 - The Buck Appears

The Buck Appears to be Appreciating

I want to revisit the topic of the US dollar as I do feel an interim bottom was established in recent weeks and it appears we will see a rebound in the immediate future. I’ve been calling for this for several weeks but we only got confirmation this week with a close above the 20 […]

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U.S. Treasury Bond chart for August 23, 2013 - Debt

A Reversal in the Debt Complex

Since establishing an interim top this has been a one way trade since the beginning of May where the long end and short end of the curve has gotten hit. 30-yr bonds have depreciated 12%, 10-yr notes are lower by 7% and the March 16’ Eurodollar futures are lower by 1.3%. Lets quantify this…what are […]

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Greenback - US Dollar Index Futures chart for August 22, 2013

Greenback – The Round Mound of Rebound

Not to date myself but for all those Charles Barkley fans out recognize that “Sir Charles” was a formidable force and the shortest player at 6’6 to lead the league in rebounds. Serving as inspiration I expect the US dollar to stage a rebound from current trade. The same support levels that held in mid-June […]

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Silver Futures, August 12, 2013

Hi-Ho Silver – A Breakout?

Silver is higher by nearly 5% today trading to its highest levels since 6/19. Since 6/28 when September futures traded as low as $18.17 (33 month low) prices are higher by 17.4%. Two significant developments in the last two trading sessions…a settlement above the 50 day MA (light blue line) which had not occurred since […]

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Euro USD - Eurodollars

Continue to short Eurodollars

Energy: I was looking for a rally to get short Crude oil again after exiting client’s bearish trades and the market delivered higher by 2.64% today. I did not catch the high today so clients that resold October futures are down on the futures leg. I opted to buy 1:1 September $105 calls against their […]

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