 The Nemenoff Report - Bonds Higher, S&P's higher, Silver Higher
Marc Nemenoff I PRICE Group - 17.05.2012
Financials: June Bonds are currently 3 higher at 146’29 and the 10 Yr. Notes 2 lower at 133’11. Weekly Jobless Claims were unchanged as expected. Continuing claims were up 18,00. These markets in my opinion are still trading with a “flight to quality premium” because of global events (European debt). Treat as a trading affair.
Grains: Over night July Corn traded 1’0 lower at 619’0, July Beans 11’2 higher at 1433’2 and July Wheat 1’6 higher at 640’4. ... mehr  Daily Forex Update: GBP/USD
autochartist.com - 17.05.2012
Dima Chernovolov - GBP/USD has recently completed the high Quality Up Channel chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 8 bar level as a result of the sharp Initial Trend (measured at the highest 10 bar level), above-average Uniformity (6 bars) and significant Clarity (8 bars). This chart pattern continues the preceding weekly downward price thrust from the major level of resistance at 1.6600 (which had been reversing the pair down multiple times over the last few years) standing close to the 38,2% Fibonacci Retracement of the previous sharp downward price impulse from the November of 2007 to the start of 2009, as is shown on the second chart below). ... mehr  Daily Fundamental Analysis - Trends Reverse…Slightly
bforex Research - 17.05.2012
The Euro is up slightly against the greenback during early European trading on Thursday, but remains far below levels from two weeks ago. The EUR/USD is up 0.18% and trading at 1.2739 this morning, rebounding from a 0.10% decline during yesterday’s trading in the United States that saw the pair close the session at 1.2717. The Dollar is either steady or down against major currencies this morning, halting several days of strong gains after the Federal Reserve gave investors the impression that economic stimulus is back on the table. The biggest change comes from the AUD/USD, which is up 0.43% and trading at 0.9956. ... mehr  Energy Market Comments - Gasoline Bubble has Popped
Phil Flynn I PFGBEST - 16.05.2012
Oil Prices and RBOB prices plummet as the market is not convinced that the EU can keep Greece in the zone and stop the contagion from spreading, despite the meeting of the minds between German Chancellor Angela Merkel and new French president Francois Hollande. Even Christine Lagarde, the managing director of the International Monetary Fund, is acknowledging that a Greek exit is possible and will be messy. With safe haven seekers running to the dollar and bonds, and a lowered risk of war from Iran, oil prices and gas prices are getting hit. Who could have seen this sell-off coming? Well I did. ... mehr Daily Forex Update: GBP/AUD
autochartist.com - 16.05.2012
Dima Chernovolov - GBP/AUD continues to decline after the recent completion of the Rising Wedge chart pattern identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is rated at the 7 bar level as a result of the low Initial Trend (3 bars) and substantial Uniformity and Clarity (rated at the 9 and 10 bar levels respectively). Higher Uniformity and Clarity reflect the well formed chart pattern with higher visibility to the market participants. Higher visibility in turn increases the probability of further losses for this currency pair after the completion of this chart pattern. ... mehr Daily Fundamental Analysis - The Collapse of Oil Prices Continues
bforex Research - 16.05.2012
Early trading on Wednesday saw a continuing trend of investor concern towards the Greek political crisis and a rush to the greenback. With the chance of Greece leaving the Eurozone more likely with each passing day, the Euro continues to struggle against the Dollar. The EUR/USD is down 0.11% in early European trading this morning, at 1.2717. Positive inflation numbers in the U.S. have also made the greenback an appealing asset for investors. The Dollar is up against all major currencies, especially the Japanese Yen, with the pair up 0.24% and trading 80.38. ... mehr  Grain Market Comments - Addin Risk Premium
Tim Hannagan I PFGBEST - 15.05.2012
This looks to be the last week where weather that's dry is bearish for grains as drier is what is needed to finish planting. Corn will be over 97% seeded by Sunday and beans 75%. Then drier becomes the fuel for a seasonal weather premium. A weather premium is a higher price schedule to reflect the uncertainties of a growing season. The markets will trade as high as it is hot and dry and for how long. Next week the market moves to weather as a primary pricing source. Weather and its effect on crop condition and eventual yields validate prior crop report estimates. The prior March 30 planted acreage report suggested 3.7 million acres more corn will be planted and with perfect weather ending stocks will double. ... mehr Energy Market Comments - Can Germany Save the Oil Market?
Phil Flynn I PFGBEST - 15.05.2012
Germany may have kept the euro zone out of a technical recession but is their growth going to be enough to stop oil’s gritty abatement? The country whose basic economic principles are being abandoned by France and Greece saw its economy blow away expectations showing a first quarter growth rate of 1.2 percent, much higher than the expected 0.1%. This strength was the first piece of good news out of Europe since the elections in France and Greece threw the region into turmoil sending commodities crashing and the safe haven dollar soaring. ... mehr Daily Forex Update: EUR/AUD
autochartist.com - 15.05.2012
Dima Chernovolov - Autochartist has recently identified the Clear Up Channel chart pattern on the 4-hour EUR/AUD charts. The overall Quality of this chart pattern is measured at the 7 bar level as a result of the above-average Initial Trend (rated at the 6 bar level), lower Uniformity (5 bars) and near maximum Clarity (9 bars). This chart pattern develops in line with the predominant downtrend visible on the daily and the weekly EUR/AUD charts. The top of this Up Channel (point B on the chart below) formed when the pair failed to break up above the strong resistance at 1.2900 (which had previously reversed the price in the March of this year), coinciding with the longer-term downward trendline from the October of 2011 (as is shown on the second chart below). ... mehr Daily Fundamental Analysis - European Uncertainty
bforex Research - 15.05.2012
The U.S. Dollar was up against most major currencies on Monday, as investor uncertainty regarding the Greek political crisis continued to push investors towards the safe haven of the greenback. The Euro is up slightly at the beginning of the European trading session on Tuesday by 0.05%, sitting at 1.2828. The Euro has declines sharply against the dollar over the last week and a half and continues to be shunned by most investors as political leaders weigh a Greek exit from the Eurozone. The Aussie has rebounded against the dollar in early trading today after falling to 0.9954 during the Asian session. The AUD/USD is up 0.20% and trading at 0.9978. ... mehr Energy Market Comments - Getting More Bearish
Phil Flynn I PFGBEST - 14.05.2012
If China can’t give the oil market a bounce with a bank reserve requirement cut, then it would appear that oil is just surrendering to the increasingly bearish fundamentals. Greek fears are trumping Chinese stimulus against a backdrop of surging inventories and uncertainly surrounding the backlash of the JP Morgan 2 billion plus dollar loss.
Greece worries are rising as oil prices are falling and it seems even China can’t stop oil’s epic slide. Greece’s inability to form a government is raising the odds that Greece may leave to Euro-zone and the contagion could spread. ... mehr Daily Forex Update: CAD/JPY
autochartist.com - 14.05.2012
Dima Chernovolov - Autochartist has recently identified the Clear Down Channel on the daily CAD/JPY charts. The overall Quality of this chart pattern is measured at the 6 bar level as a result of the below-average Initial Trend (rated at the 4 bar ... mehr Daily Fundamental Analysis - Euro Falls Once Again
bforex Research - 14.05.2012
Political uncertainty in Greece and mass protests in Spain has pushed the EUR/USD down 0.15% to 1.2897 during late Asian trading on Monday. In fact, the greenback was either steady or up against most major currencies as traders searched for a temporary safe haven in order to dodge uncertainty in the markets. The increased value of the U.S. Dollar has caused the price of gold to fall by 0.16% to 1581.45, while less demand in Europe for energy continued to drive the price of oil down. The price per barrel of crude oil is down 0.45% and trading at 95.70 USD. ... mehr  E-mini S&P's triple bottom is now a sexta-bottom...but is it a bottom (and is that a word)?
C. Garner I DeCarley Trading - 11.05.2012
The June ES futures contract spent the entire week trading in a 20 handle range between about 1340 and 1360. Unfortunately, for those trying to trend trade, the market moves from one side of the price envelope to the other were swift and convincing. As a result, we suspect that there were several traders on bad footing (ie. bulls repeatedly buying the highs and the bears selling into the lows). It isn't difficult to image how quickly the losses can pile up, and most likely the frustration as well. This is important because now that emotions are involved, and traders have substantial amounts of skin in the game, the break out (in either direction) will be all the more dramatic. ... mehr Testing, testing, testing...Treasury futures
C. Garner I DeCarley Trading - 11.05.2012
Had it not been for the JP Morgan surprise conference call last night, this newsletter might have gone in a completely different direction. In fact, I think we likely could have witnessed the typical counter-trend Friday action that we are accustomed to seeing. Instead, Friday's trade resulted in another retest of the upper limits (just over 145 in the June 30-year bond and just over 130 in the 10-year note).
We are still relatively comfortable with the idea of a price reversal in Treasuries in the coming sessions but we can't ignore the fact that traders continue to press the highs. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 11.05.2012
Financials: June Bonds are currently 21 higher at 145’00 and the 10 Yr. Note 9 higher at 133’02. This latest rally is another “flight to safety” in response to the J.P. Morgan Chase revelation of a Billion Dollar plus loss in the Credit Default Market. The question on everyone’s mind: Is this an isolated case or systemic throughout the industry. For the moment I’m going to trade from the short side for short term trades with protective buy stops just above the recent highs of 145’08 in the Bonds and 133’08.5 in the 10 Yr. Notes. ... mehr Daily Forex Update: GBP/JPY
autochartist.com - 11.05.2012
Dima Chernovolov - GBP/JPY has recently completed the Uniform Falling Wedge chart pattern identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured at the 6 bar level, as a consequence of the low Initial Trend (rated at the 2 bar level), near-maximum Uniformity (8 bars) and lower Clarity (7 bars). This chart pattern reverses the downward correction to the preceding sharp daily upward price impulse from the major level of support at 119.00 (which had previously reversed the major downtrend at the start of 2009). ... mehr Forex - Time Is Ticking For Greece
bforex Research - 11.05.2012
The Euro is back on the decline during Asian trading on Friday, with the EUR/USD down 0.14% and trading at 1.2920. The pair continues to hover at around 1.3000 after the single currency took a major hit due to fears surrounding political instability in Greece and future fiscal policy in France. The pound is also down against the greenback after several reports released yesterday indicate that the British economy has not begun to mount any kind of recovery. The GBP/USD is down 0.17% and trading at 1.6116 late in the Asian session. ... mehr Energy Market Comments - $90 or go Bust!!!
Phil Flynn I PFGBEST - 11.05.2012
The Energy Report Friday May 11, 2012
Ok, I know it was just last Friday when I wrote “$100 or Go Bust” but because so many oil bulls expressed disbelief that oil could actually stay below $100 a barrel I should warn those people that they should stop worrying about the break below $100 a barrel and start worrying about whether $90 a barrel can hold. The West Texas Intermediate Oil contract is giving way to a host of global economic worries and the weight of ever mounting supply. ... mehr Grain Market Comments
Tim Hannagan I PFGBEST - 11.05.2012
On report day grain prices reflected the report numbers, bearish corn and bullish beans. Friday saw profit taking reversing Thursday’s trend. Large trading funds came in Friday and said what report, turned the page and got back to current grain issues like weather and its impact on early emergence, hows demand and planting. One thing is certain; the trade sees these numbers as a one day trade event as the future suggests potential adjustments. ... mehr The Nemenoff Report - Bonds Lower, S&P's higher, Silver Lower
Marc Nemenoff I PRICE Group - 10.05.2012
Financials: June Bonds are currently 19 lower at 143’28 and the 10 Yr. Notes 8 lower at 132’21. The market may be topping out. At least it now has a level of resistance at yesterday’s highs of 145’08 in the Bonds and 133’08.5 in the 10 Yr. Notes. We remain short in the money call spreads. I am now willing to trade from the short side with protective buy stops just above yesterday’s highs.
Grains: This mornings Supply/Demand Report showed the following: U.S. carryout for Beans 0.145 billion bushels vs. pre report estimates of 0.170 billion bushels. ... mehr The Energy Report - More Demanding
Phil Flynn I PFGBEST - 10.05.2012
While oil price fell for a 6th day in a row gasoline seemed to mount a rally. According to the Department Of Energy Gasoline demand improved last week but is it possible that demons is not quite as bad as the Energy Information agency seems to suggest! Well at least one person thinks so and that is no other than the Princess of Petrol Trilby Lundberg. Trilby the independent thinker that she is looking at her research and says that gasoline demand may not be so tepid after all. ... mehr Daily Forex Update: GBP/USD
autochartist.com - 10.05.2012
Dima Chernovolov - GBP/USD has recently completed the high Clarity Triangle chart pattern identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured at the 5 bar level as a result of the low Initial Trend (one bar), significant Uniformity (7 bars) and higher Clarity (8 bars). The top of this chart pattern (point A on the chart below) formed when the pair reversed sharply down from the strong resistance level 1.6300. Both of the connecting points of the lower support trendline of this Triangle (points C and D on the chart below) formed when the pair corrected up from the Key Level support at 1.6114 (shown on the second chart below). ... mehr Daily Fundamental Analysis - Euro Declines Stops
bforex Research - 10.05.2012
The Euro has rebounded slightly against the USD during Asian trading on Thursday after posting huge losses over the last several days. The EUR/USD is up 0.15% and trading at 1.2946. The majority of major currencies are also up against the greenback this morning, including the Pound, Swiss Franc and Australian Dollar. The Aussie posted big gains against the USD after positive numbers were released this morning in both the Employment Change and Unemployment Rate reports. The AUD/USD is up 0.53% and trading at 1.0104. ... mehr Energy Market Comments - The Problem with Greece
Phil Flynn I PFGBEST - 09.05.2012
Can Greece leave the Euro and the rest of the world keeps moving along? Turmoil in Greece and a call by the leftist Syriza Alexis Tsipras to reverse what he calls ‘barbarous austerity” has put the future of the entire Eurozone in doubt. While it is unlikely that Mr. Tsipras will be able to form the necessary coalition to gain power, the uncertainty about Greece’s future plans could hurt the Euro. Pressure brought on by voters in Greece to try to roll back plans to cut the budget and pay its bills could destroy the European Central Bank plan to avoid a total default. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 09.05.2012
Financials: June Bonds are currently 22 higher at 145’05. The inability of the Greek government to form a coalition and more worries about Spain has caused another wave of “flight to safety”. The 30 Yr. Bond yield is hovering right around 3.0% and the 10 Yr. Note around 1.8%. We remain short call spreads and obviously we are wrong at this point in time.
Grains: Overnight July Corn traded 3’4 lower at 619’4, July Beans 14’6 lower at 1423’4 and July Wheat 4’0 lower at 611’0. Once again July Corn failed at the 630’0 level. ... mehr Daily Forex Update: USD/JPY
autochartist.com - 09.05.2012
Dima Chernovolov - Autochartist has recently identified the Descending Triangle chart pattern on the 4-hour USD/JPY charts. The overall Quality of this chart pattern is measured at the 6 bar level as a result of the similarly ranked Initial Trend, Uniformity and Clarity (all rated at the 6 bar level). This Descending Triangle continues the predominant downtrend visible on the daily and the weekly USD/JPY charts. Both of the connecting points of the lower support trendline of this chart pattern (points C and D on the chart below) formed when USD/JPY reversed up from the strong support at 79.75. ... mehr Daily Fundamental Analysis - Euro Decline Continues
bforex Research - 09.05.2012
The beginning of trading on Wednesday continued the negative trend of the Euro and oil. The Euro continues to decline sharply, down 0.24% and trading at 1.2975. The EUR/USD broke through the 1.3000 barrier earlier this week after European elections in France and Greece cast a shadow over the future of the single currency. The Euro is also down against the Yen during late Asian trading this morning, down 0.17% and trading at 79.74. Many analysts predict that the Euro will continue to decline as investors have lost most if not all faith in the ability of European leaders to solve the debt crisis without shrinking GDP too severely. ... mehr Grain Market Comments - Squeezing Corn
Tim Hannagan I PFGBEST - 08.05.2012
Monday's weekly crop progress report again showed a fast planting pace underway. Corn planting came in at 71% versus the 10 year average of 55% and only 4% under the record for this day. Growers are trying to get planted early so as they can harvest earlier than normal. They remember the late summer heat last year and dryness that saw late harvested corn yields suffer. Then the year prior, we had too much rain late in the season, especially August leaving late planted corn with lower yields again. So why not try and beat the trend and get pollination through in June and avoid the very late July early August heat. ... mehr Energy Market Comments - Not Quite Out of the Woods
Phil Flynn I PFGBEST - 08.05.2012
Global commodities markets were able to shake off political turmoil in Europe but despite the impressive rebound, it is clear that the markets are not quite out of the woods just yet. As we have learned from the politics of the EU, just when you think things have calmed down that is the time to worry.
The euro currency technically and fundamentally is in trouble and so too is the long commodity trade. ... mehr Daily Forex Update: USD/KRW
autochartist.com - 08.05.2012
Dima Chernovolov - USD/KRW continues to rise after the recent completion of the Triangle chart pattern identified by Autochartist on the daily charts. The overall Quality of this chart pattern is measured at the 6 bar level which reflects the following values of the individual contributing Quality indicators: strong Initial Trend (rated at the 8 bar level), above-average Uniformity (6 bars) and lower Clarity (5 bars). The completion of this Triangle reverses the preceding longer-term downward correction (which developed inside the larger weekly Triangle visible on the second chart below) to the preceding sharp weekly upward price impulse from major support at 1100.00. ... mehr Daily Fundamental Analysis - Declines Continue for Oil and Euro
bforex Research - 08.05.2012
The Euro is down once again during late Asian trading on Monday, after suffering huge losses yesterday. The EUR/USD is down 0.15% and trading at 1.3032. The single currency did manage to recover somewhat during late trading yesterday, rebounding from a decline of 0.81% at the end of the Asian trading session. Investors continue to show grave concern for the Euro after the results of the French and Greek elections, prompting many to escape to the safer haven of the greenback. The USD is up against all major currencies this morning, as investors search for some stability and certainty. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 07.05.2012
Financials: June Bonds are currently 4 higher at 143’26 after trading as high as 144’26 in the wake of French and Greek elections. With rates once again nearing the 3.0% level for the 30 Yr. Bond and 1.85% for the 10 Yr. Note I cannot recommend the long side of this market. We remain short in the money call spreads which have a limited risk, however, we are running out of time for this trade as expiration is May 25th.
Grains: Over night July Corn traded 2’0 cents lower at 618’2, July Beans 7’0 lower at 1471’2 and July Wheat fractionally lower at 608’6. ... mehr The Energy Report - Socialist Slide
Phil Flynn I PFGBEST - 07.05.2012
Global stock and commodity markets get slammed as US jobs disappoint and France elects a socialist. François Hollande who wants to tax the rich and says that “austerity does not have to be inevitable” is increasing odds of another Greek like crisis, will take the helm in France. While some say he is more of a centrist than a hardcore socialist, fears are strong that this could create more turmoil in Europe and keep market volatility and crisis bond yields in Europe high. Austerity is out and spending is in and the risk of default will rise throughout other member states. ... mehr Daily Forex Update: USD/HKD
autochartist.com - 07.05.2012
Dima Chernovolov - USD/HKD has recently completed the high Clarity Triangle chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 6 bar level, as a result of the low Initial Trend (rated at the 3 bar level), above-average Uniformity (6 bars) and near maximum Clarity (9 bars). This chart pattern continues the preceding sharp upward price impulse from the major long-term level of support at 7.7550 (which had served as a powerful support for USD/HKD for the last few years, as is shown on the second chart below). ... mehr Daily Fundamental Analysis - Future of the Euro in Doubt?
bforex Research - 07.05.2012
Two key election results in the European Union are threatening to undo the single currency. Francois Hollande is the new president of France, after defeating Nicolas Sarkozy by a small margin in the second round of elections. Hollande is the first socialist president in France in the last seventeen years. Many voters in France expressed their frustration with the political landscape and confessed to voting for Hollande out of spite for Sarkozy and not because they truly support the Socialist Party leader. ... mehr $100.00 or Go Bust
Phil Flynn I PFGBEST - 04.05.2012
The bullish oil price scenarios are giving way to what seems to be ever mounting supply. Mario Draghi failed to provide any real simulative hopes and we had a weak ISM nonmanufacturing data report that lowered demand expectations and so we have growing odds of a continuing price collapse. In the beginning of the year on my oil outlook, I said that oil would be in a range between $100 a barrel and $110. I said if the market feared that we would be on the verge of war with Iran we would be closer to $110 and if we were less worried closer to $100. ... mehr The Grain Report - Profits Taken
Tim Hannagan I PFGBEST - 04.05.2012
Wednesday and Thursday was fund profit-taking days after corn hit 6.36 Monday, a chart resistance and after a $.44 rally and new highs for the year on beans, 1.00 higher than the April low. As we noted on Tuesday's report funds are taking profits off rallies on the day this week but actively buying breaks on long-term bullish fundamentals as well.
Beans posted new highs first, Wednesday after new Chinese import buys of US beans were announced for the third consecutive day. Interesting was the large soy oil purchase. This suggests they are so anxious and in need of the high protein cooking oil, they can't wait for the beans to arrive and begin their crushing process to obtain the valued soy oil. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher
Marc Nemenoff I PRICE Group - 04.05.2012
Financials: June Bonds are currently 5 higher at 143’00. This morning’s Unemployment Report showed an increase in non-farm payrolls of 115,000 vs. expectations of 160-170,000. March’s number was revised upward to +154,000 from 120,000. The unemployment rate was lowered to 8.1% from 8.2%. The initial reaction was a rally to 143’20 followed by a break to 142’12. The report was a bit of a disappointment but not enough to make me bullish at current levels, or even want to get involved other than my position of short in the money call spreads (which is currently at a loss). ... mehr Daily Forex Update: EUR/CAD
autochartist.com - 04.05.2012
Dima Chernovolov - EUR/CAD continues to fall inside the Clear Triangle chart pattern identified today by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 5 bar level as a result of the low Initial Trend (rated at the 3 bar level), above-average Uniformity (6 bars) and significant Clarity (7 bars). This Triangle continues the prevailing downtrend visible on the daily and the weekly EUR/CAD charts. This chart pattern follows the preceding strong downward price-thrust from the former support trendline of the longer-term upward correction from the June of 2010 (acting as resistance trendline after having been broken by this currency pair in the December of 2011, as is show on the second chart below). ... mehr Daily Fundamental Analysis - Oil Prices Plummet
bforex Research - 04.05.2012
Oil prices plummeted during the U.S. trading session on Thursday after European Central Bank President Mario Draghi expressed concern over future growth of the EU economy. The price of crude was down 2.48% and trading at 102.61 USD per barrel. Oil was also hit hard because Draghi claimed that ECB was not planning to increase liquidity in the markets and that interest rates will probably remain unchanged. Crude oil is up 0.02% and trading at 102.56 USD per barrel. The Euro has remained steady against the USD during Asian trading on Friday despite the negative news, due in part to investors who are cautious about the short term prospects of the greenback. ... mehr The Nemenoff Report - Bonds Lower, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 03.05.2012
Financials: June Bonds are currently 13 lower at 142’13. This mornings Weekly Jobless Claims were down 27,000 vs. expectations of down 10,000. For the moment Bonds continue to be rangebound between 141’20 and 143’08. We continue to remain short in the money call spreads. Monthly Employment Report tomorrow morning.
Grains: Over night July Corn traded fractionally higher at 612’2, July Beans 2’6 lower at 1482’2 and July Wheat 3’0 higher at 617’0. ... mehr Energy Market Comments - ll Be Demand Destruction
Phil Flynn I Alaron Research - 03.05.2012
Supplie swell and prices fell yet it is unclear whether or not this will be enough to break oil’s recent strength. Iran’s oil output plunged to a 20 year low as sanctions are staring to bite the arrogant and deficient regime. Tankers of Iranian oil are parked as Europe and Asia and even India have secured alternative supply. India has bowed to US pressure to reduce Iranian imports. Iran, from an oil supply standpoint, is now inconsequential as buyers have secured other supply but from a geopolitical risk standpoint, is still the best reason why oil continues to hold these lofty levels. ... mehr Daily Forex Update: USD/DKK
autochartist.com - 03.05.2012
Dima Chernovolov - USD/DKK has recently completed the Clear Down Channel chart pattern identified by Autochartist on the 4-hour charts. Autochartist rates the overall Quality of this chart pattern at the 6 bar level as a result of the below-average Initial Trend (4 bars), higher Uniformity (6 bars) and near maximum Clarity (9 bars). The completion of this chart pattern continues the predominant uptrend visible on the daily and the weekly USD/DKK charts. More specifically, this Down Channel developed inside the longer-term weekly Up Channel from the September of last year. ... mehr Daily Fundamental Analysis - USD Unaffected by Job Numbers
bforex Research - 03.05.2012
The ADP Non-Farm Employment report released yesterday in the United States indicated a reduction in job growth. 119,000 new private sector jobs were created in the month of April, significantly less than the forecast of 175,000. Employment numbers were not the only negative indicators in the United States yesterday. The Factory Orders monthly report showed that factory orders in the United States fell at the sharpest pace over the last three years during the month of March. Investors elected to ignore these indicators, with the greenback up against most major currencies, with the exception of the Canadian dollar. The EUR/USD is down 0.08% and trading at 1.3147 at the time of this writing. ... mehr The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 02.05.2012
Financials: June Bonds are currently 25 higher at 142’28 after closing about 25 lower yesterday after a positive ISM Manufacturing report. This morning we are once again seeing a bit of a “flight to quality” because of renewed concern about Spanish and Italian debt causing the Dollar to gain against the Euro. We continue to hold the short 142’00/140’00 call spread. Friday morning we will have the monthly Employment Report. Current estimates indicate a gain of 175,000 non farm payroll jobs.
Grains: Over night July Corn traded 1’0 lower at 628’0, July Beans 6’0 lower at 1497’4 and July Wheat 3’6 lower at 639’2. ... mehr Energy Market Comments - How The Energy Industry Is Saving Te US Economy
Phil Flynn I PFGBEST - 02.05.2012
The US stock market soared with the Dow Jones average hitting the highest level of December, 2007 and in large part has the US energy industry to thank. The catalyst for this impressive milestone was a much better than expected Institute of Supply Management Manufacturing report. Despite some weak regional manufacturing reports the nationwide factory index surged to reading of 54.8 in April up from 53.4 reading from a month earlier. Compare that with Europe where in the UK for example manufacturing index fell more than forecast with a reading of 50.5% just a sliver above the 50% expansion line. In fact the entire Eurozone manufacturing data fell for the ninth month in a row and at the fastest pace in thirteen years hitting 45.9%. ... mehr Daily Forex Update: AUD/CHF
autochartist.com - 02.05.2012
Dima Chernovolov - AUD/CHF continues to decline inside the Clear Triangle chart pattern identified by Autochartist on the daily charts. The overall Quality of this chart pattern is measured at the 7 bar level as a result of the above-average Initial Trend and Uniformity (both rated at the 6 bar level) and maximum Clarity (rated at the 10 bar level). This chart pattern develops in line with the prevailing downtrend visible on the daily AUD/CHF charts. Higher Clarity reflects more widespread agreement among the market participants regarding the latest downward movement of this currency pair. ... mehr Daily Fundamental Analysis - Good News in the U.S.
bforex Research - 02.05.2012
The USD is up against the Japanese Yen during Asian trading on Wednesday, as positive manufacturing numbers in the United States made the greenback a more viable investment target. The USD/JPY is up this morning by 0.22% and trading at 80.35. The U.S. Institute for Supply Management released positive manufacturing numbers which have apparently suppressed the desire of the Federal Reserve to implement quantitative easing. This should provide some stability for the USD in the short term, and indeed today, we see that greenback holding its ground against most major currencies. ... mehr The Energy Report - Run Refinery Run
Phil Flynn I PFGBEST - 01.05.2012
Instead of talking about refinery runs it looks like all of a sudden there has been a run on refineries. In an historic move Delta Airlines is now in the refinery business. Bloomberg News reported that Delta Air Lines Inc. agreed to buy a refinery from ConocoPhillips, breaking with U.S. carriers’ tradition of not owning their own fuel assets. After $30 million in state government assistance, Delta is paying $150 million for the complex in the Philadelphia suburb called Trainer, the world’s second-largest carrier said today in a statement. ... mehr
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