The price of crude oil futures hovered on Tuesday as a consequence of economic data indicating May service-industry growth gained, representing an unanticipated development, Bloomberg reports. But gains were tempered by demand for the energy commodity coming in question while the sovereign debt crisis burrowed deeper in the euro zone. Thus far this year, the… Read more.
The Mexican peso was plunging toward a fifth straight week of losses against the U.S. dollar on Friday on the first day of the month after a month the monetary unit would rather forget, published reports indicate. Latin America's most traded currency was impacted by underwhelming economic data released by the U.S., the top trade… Read more.
Recently, I had a number of clients involved in a futures spread in the live cattle market. The idea behind the trade was to get long the cattle market heading into the summer by buying in the front month and selling in the back month – specifically, they were buying June Live Cattle and simultaneously… Read more.
The corn trade has been incredibly complicated as of late. The situation is one that projects both the most bullish and bearish of set ups, simultaneously. So what is anyone involved in the grain trade supposed to do? What do we focus on going forward that will project prices higher or lower? If market participants… Read more.
The Mexican peso fell in value to its lowest value in about four months as a consequence of growing concerns for Greece, the euro zone nation that has received two tranches of emergency bailout aid, Bloomberg reports. The Aegean nation, whose voters this past weekend supported non-austerity parties during elections, is poised to renege on… Read more.
Gold futures gained mildly on Friday as the yellowish metal established its highest price in roughly two weeks of trading, according to Dow Jones Newswires. The value of the world's reserve currency was dropping and benefited the price of gold. Losses to the U.S. dollar were linked with underwhelming economic data. Gross domestic product in… Read more.
Markets for cattle futures were minimally impacted by the U.S.' first reported case of Mad Cow Disease since 2006, according to Bloomberg. The livestock commodity was on the uptick following the Central California case. The ministry of agriculture of Mexico, a top trade partner to the U.S., anticipates cattle trade to remain as it was… Read more.
Worldwide central banks have been strengthening their gold holdings, according to published reports. Turkey grew its holdings by 11.5 metric tons, Russia increased its holdings of the yellowish metal by 16.5 metric tons and Kazakhstan increased its possession by 4.5 metric tons, Bloomberg reports the International Monetary fund noted. But two increases in Latin America… Read more.
Friday saw the Brazilian real advance against the world's reserve currency, propelled by a strong January retail sales report that re-instilled confidence after dismal showings late last year, according to Reuters. But the government overseeing the monetary unit of Latin America's largest economic system is likely to move forward with additional strategies of intervening to… Read more.
Sugar futures climbed for the seventh consecutive session on Friday, headed toward the longest rally in 15 months as supplies tighten and demand remains strong, Bloomberg reports. According to the news source, sugar output in Mexico – the sixth-largest producer in the world – could potentially miss analysts' predictions as crops have been threatened by… Read more.