In the 12/01/2010 issue of the Traders Market Views the exit price for the short Treasury bond position was posted as 128-03. That was closing price listed in the previous newsletter. The correct exit price was 129-06.… read more
Monthly Archives: November 2010
Consumer Confidence 11/30/2010 – Futures News
NEW YORK, Nov 30 (Reuters) – U.S. consumer confidence rose in November to its highest level in five months, helped by improving labor market conditions and a jump in the expectations index, according to a private-sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes increased to 54.1… read more
Swing Trading Strategy – Will the Euro reach the target objective before the December 2nd reversal date? [chart]
TMV Swing Trade report – Short December Eurocurrency from 1.3441 – The euro is trading sharply lower for the sixth day in a row, after breaking out of the bearish reaction swing of November 16 to November 19. The euro continues to be pressured by Eurozone debt woes as CDS on Spain, Portugal and Italy… read more
Grain Opening Calls and News – Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Dry weather in the western U.S. winter wheat region and excessive wet weather in Australia’s wheat harvest combining to lift wheat futures. * Dryness continues to be a concern in the U.S. western winter wheat growing region. There are signs of rainfall for next week but… read more
Irish Bailout Finalized 11/29/2010
Market Sentiment Lifted in the Near-term as Irish Bailout Deal Finalized Ireland and EU/IMF reached a bailout agreement over the weekend. The financial package will cover financing needs up to 85B euro but unusually 17.5B euro of it will come from Irish government cash reserve and from the national pension fund. Several terms are favorable… read more
Reversal dates for the week of November 29 – December 3
Monday – Hogs, Natural gas Tuesday – Wheat Wednesday – Hogs, Dollar index, British pound, Australian dollar Thursday – Cattle, Gold, Dow Jones, Canadian dollar, Japanese yen Friday – Wheat, Soybeans, Treasury bonds… read more
China, Russia quit dollar
China, Russia quit dollar By Su Qiang and Li Xiaokun (China Daily) Updated: 2010-11-24 08:02 http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm… read more
Grain Calls and News / Futures Broker
WHEAT – Up 6 to 8 cents per bushel. Support from commercial buying and as dry weather in the U.S. Plains hard red winter wheat region leading to concern about stress on the newly seeded crop leading to a potential reduction in 2011 U.S. wheat production. * Western winter wheat areas of the U.S. Plains… read more
New Home Sales 11/24/2010
WASHINGTON, Nov 24 (Reuters) – New U.S. single-family home sales fell unexpectedly in October and prices dropped to a seven-year low, a government report showed on Wednesday, pointing sustained weakness in the housing market following the end of a home-buyer tax credit. The Commerce Department said sales dropped 8.1 percent to a 283,000 unit annual… read more
Advanced Durable Goods 11/24/2010
WASHINGTON, Nov 24 (Reuters) – New orders for long-lasting U.S. manufactured goods unexpectedly fell in October to post their largest decline in nearly two years and business capital spending plans dropped, according to a government report on Wednesday that pointed to a slowdown in factory activity. The Commerce Department said durable goods orders tumbled 3.3… read more