CHICAGO (Dow Jones)–Conflicting market fundamentals and potential profit-taking are seen undercutting Chicago Mercantile Exchange hogs at the start Thursday. Wholesale pork price’s $1.42 per hundredweight relapse Wednesday suggests to some that retailers are buying hand-to-mouth ahead of the Fourth of July holiday. However packers are expected to pay steady-to-higher money for supplies to satisfy this… read more
Monthly Archives: June 2010
CPI [6-17-2010] – Futures Broker
WASHINGTON, June 17 (Reuters) – U.S. consumer prices recorded their bigge decline in nearly 1-1/2 years in May as energy costs dropped, according to a government report on Thursday that pointed to tame inflation pressures and lo interest rates. The Labor Department said its seasonally adjusted Consumer Price Index fe 0.2 percent last month, the… read more
Initial Jobless Claims [6-17-2010] – Futures Broker
New claims for jobless benefits rise sharply By ALAN ZIBEL AP Business Writer WASHINGTON (AP) — The number of people filing new claims for jobless benefits jumped unexpectedly last week after three straight declines, another sign that hiring remains weak. Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor… read more
Swing Trading Strategies – N-gas reverses at R-line target objective. [chart]
July Natural gas ended a corrective pullback on the June 9threversal swing day (marked by the green arrow on the chart). The newly confirmed reaction swing received additional bullish confirmation when N-gas gapped higher at the open of the June 14th trading session and then closed 225 points higher for the day. It appeared that N-gas was off and running as bullish news appeared everywhere.… read more
Futures Broker / Grain Calls and News
June 16 (Reuters) – Chicago soybean futures rose half a percent on Wednesday, as oilseed markets remained supported by rains that could slash canola output in Canada and hamper soybean crop progress in the United States. Chicago soy and grain futures drew some strength from greater risk appetite among investors, although share prices gave up… read more
PPI [6-16-2010] – Futures Broker
WASHINGTON, June 16 (Reuters) – U.S. housing starts fell more than expected in May to their lowest level in five months, a government report showed on Wednesday, as a popular homebuyer tax credit that had buoyed construction activity over the past two months expired. The Commerce Department said housing starts dropped 10 percent to a… read more
Futures Broker – Housing Starts [6-16-2010]
NEW YORK, June 16 (Reuters) – U.S. housing starts fell 10 pct, more than an expected fall of 3.3 pct, in May to their lowest level in five months in Commerce Department data on Wednesday. A popular homebuyer tax credit had buoyed construction activity over the past two months but expired in April. Housing starts… read more
Swing trading strategies – How to handle explosive markets! [chart]
July Coffee continues to push higher, surging over 2400 points in the last four days. Explosive markets can offer huge opportunities or huge risks. In this case, price has exceeded time as Coffee reached the first reaction line target objective (148.50, on Friday, June 11. 2010), before settling back to the up-sloping median line at the close of… read more
CFTC APPROVES MOVIE FUTURES 6-15-2010
CFTC Approves Box Office Receipt Contracts Submitted by Media Derivatives Washington, DC – The Commodity Futures Trading Commission today found that the terms and conditions of the proposed Weekend Motion Picture Revenue futures and options contracts submitted by Media Derivatives, Inc. (MDEX) do not violate the Commodity Exchange Act or the Commission’s Regulations thereunder. The… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. * Profit-taking setback after rally on Monday. Wheat gained on Monday, led up by concerns about a cut in Canadian wheat output due to excessive wet weather CORN – Down 1 to 2 cents per bushel. * Profit-taking after Monday’s gains weigh on corn futures, in… read more