The gold market should be in demand as a hard currency, but it simply has been pressured by the allocations from investors spreading into the Stock Indexes and many other products. The strength of the US Dollar puts pressure on the gold market while the tapering of the quantitative easing should increase the strength of… Read more.
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take, published on February 04, 2013. In this issue: MACRO Markets: Cash continues to leave the sidelines and get in the game. CORN: Drought conditions in WCB getting better with recent rains. We continue to hold bear spread new crop CZ/CU from… Read more.
Healthy economic news and developments in the U.S. pushed up copper futures on Thursday as the base metal achieved gains of at least 1 percent, according to Reuters. The outlook for demand rose as housing and labor market data also enhanced optimism. The industrial metal is sensitive to financial and economic news due to its… Read more.
The next fight in Washington is going to be over the US debt ceiling. On Dec 31, 2012 the US Treasury Department confirmed the US has reached the statutory debt limit. Congress has until February 28th to raise the debt ceiling. The GOP will want the US Government to reduce spending over the long term… Read more.
This is a sample entry from John Payne’s newsletter, This Week in Grain, published on January 7, 2013. I hope you had a fantastic holiday season and a happy New Year. It is WASDE week! This is one of the most critical WASDE reports we see all year. The USDA will provide us their final… Read more.
Monday saw minimal change to crude oil prices as conjecture spread about political leaders in the globe's top consumer of the energy commodity declining to increase the debt ceiling, according to Bloomberg. U.S. Republican leaders noted they are committed to mandating spending cuts in return for boosting the borrowing limit. The leaders were able to… Read more.
Monday saw the common currency of the European Union drop to its three-week low as speculation mounted about the European Central Bank cutting interest rates when its policy makers convene this week, Bloomberg reports. A report indicating producer-price inflation slowed more than forecast in the euro region during November prompted the monetary unit to drop… Read more.
The Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.
After the initial optimism following Tuesday's deal to resolve the fiscal cliff, oil futures dipped in price early on Thursday morning. While the U.S. economy was eventually spared from the nearly $600 billion in automatic tax increases and spending cuts scheduled to go into effect starting January 1, Reuters reports that this success is being… Read more.
The Canadian dollar drove to its 90-day height on Wednesday against the world's reserve currency, propelled higher by the deal reached by U.S. political leaders regarding the fiscal cliff, Bloomberg reports. Approved on New Year's Eve by U.S. political leaders, the deal spurred the Canadian dollar to sharply rise. The loonie also capitalized on gains… Read more.