TMV Swing Trade report – Long March Wheat from $6.58 – Wheat prices surged out of the bullish reaction swing and are quickly approaching the the target objective where the upward sloping median line intersects the down sloping reaction line. I look for the market to pause at this level and possibly pullback. Therefore, I [...]
Crude Oil Advances as Fed Commits to Low Rates, Durable Goods Orders Gain
Oil is trading higher for a second day after the Federal Reserve announced it plans to keep U.S.interest rates near a record low through 2014 and as a report showed durable goods orders in the world’s biggest crude-consuming country increased. Futures advanced above $100 a barrel after Fed Chairman Ben S. Bernanke said yesterday that policy makers are considering more [...]
Wheat Climbs to Three-Week High as Russia May Slow Shipments on Low Supply
Wheat advanced to a three-week high in Chicago as Russia may slow shipments of the grain with supplies for exports down. Corn and soybeans gained. Wheat stockpiles held by farmers in Russia’s main exporting regions in the south have dropped below last year’s levels, declining as much as 50 percent in some areas, SovEcon, a Moscow-based agricultural [...]
Market Alert – Short March Crude oil closed.
TMV Swing Trade Report – Short March Crude oil from 98.60 – Exit price 98.27 – Crude dipped early in the session, but found support at the intra-day median line. I felt the market should have shown more weakness than it was showing, therefore elected to exit the position.
Market Update! Stop change for the short March Crude oil.
TMV Swing Trade report – Short March Crude oil from 98.60 – The stop loss should be lowered to 99.45.
Euro Rises to 2-Week High Versus Dollar as Spain Sells Debt; Aussie Slides
The euro strengthened to a two-week high against the dollar as Spainraised more than its maximum target at a debt sale, boosting optimism the region’s sovereign debt crisis is being contained. The Dollar Index declined for a third day after U.S. inflation was little changed in December, giving the Federal Reserve more room to keepinterest rates near [...]
Unemployment claims at 352,000, near a four year low.
By CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON (AP) — The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening. The Labor Department says weekly applications fell 50,000, the biggest drop in the seasonally adjusted figure in [...]
Gold Futures Decline From Five-Week High as World Bank Cuts Growth Outlook
Gold fell from a five-week high amid concerns that slower growth will curb demand for bullion. The world economy will expand by 2.5 percent this year, down from a June estimate of 3.6 percent, as the euro area contracts 0.3 percent, the World Bank said. Gold climbed to a five-week high yesterday as Spanish and Greek borrowing [...]
U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%
U.S. employers added more workers to payrolls than forecast in December and the jobless rate declined to an almost three-year low, showing that the labor market gained momentum heading into 2012…..
Private sector adds jobs, unemployment claims fall!
NEW YORK, Jan 5 (Reuters) – U.S. private employers added 325,000 jobs in December, easily beating economists’ expectations, a report by a payrolls processor showed on Thursday. New U.S. claims for unemployment benefits fell by 15,000 last week in the latest sign the labor market was improving and could help the country resist the effects [...]