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Japanese Yen
Commodities Face Supply-Side Pressure, Year of “Exploding” US Exports Ahead
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March 23 – Sell Short Day in Japanese Yen Futures
Today the Japanese Yen futures were on the Sell Short day of the Taylor Trading cycle. Following yesterday’s rally into a new high for 2017, the Yen was a market to keep an eye on today for a trade opportunity. The Yen has seen a big rally this month. This week, the Yen had a… Read more.
The Level of Big-Picture Macroeconomic Uncertainty Is On the Decline
Death and Pestilence off of Brexit has failed to surface so far!
Mid-March Crisis
The recent retrenchment in bean oil, crude oil, sugar, corn, equities, cattle, gold, platinum, palladium and copper as well as significant rallies in Treasuries and the Japanese yen mostly started around March 14th, and some have labeled the period since mid-March as a “crisis.”
The Pace of Improvement Remains Difficult to Detect
The brightening of the economic skies continues, but the pace of improvement remains difficult to detect.
Sentiment Was Overly Negative Going into the 2016 Equity Market Lows
Last week we suggested that the “long dark shadow” of deflation was starting to fade, and given the impressive rally off the February low through the end of the month, we would suggest that sentiment was overly negative going into the 2016 equity market lows, as the global swoon was mostly about disappointing forward momentum and not some major, difficult-to-solve obstacle.
The Situation in China Will Not Have a Major Impact on the US Economy
The Chinese economy continues to be a weight around the neck of many commodities, but another weight, in the form of the US Fed, comes into focus for the coming week.
Uncertainty Toward Financial and Economic Conditions Has Reached a Crossroads
We have to predict a major agricultural and financial juncture just ahead.
Outside Market Forces Weigh Heavily on Commodity Prices
In all markets, there are inside market forces and outside market forces. What outside forces are affecting physical commodity prices?