The June British pound is trading sharply lower on the May 3rd projected reversal date. The the downswing in the pound was triggered by comments from BoE Governor King and a report that manufacturing was weaker than expected. King said that the economic challenges will last for many years and could become more severe. His… read more
Tag Archives: Futures Trading
Dry winter wheat fields = higher prices-Futures Trading,Futures News,Futures Broker,Commodity Trading,Commodity News, Commodity Broker
Wheat production in Kansas, the 2nd largest U.S. grower, is expected to drop as dry weather persists, with 46% of the state experiencing drought conditions. Government data shows the states winter-wheat crop is the worst condition it has been in 15 years. U.S. inventories would erode with less output, these inventories are already expected to… read more
Redbook May 3, 2011- Futures Trading, Commodity Trading, Futures Brokerage, Commodity Brokerage, Commodity Futures Brokerage Firm, trading, economic news, trading news
Prior Actual Store Sales Y/Y change 5.3 % 5.5 % Year on year same-sales rate rose to 5.5% in the April 30 week.… read more
Coffee Rises to 14-Year High-Futures Trading, Commodity Trading, Trading news, Economic News, Futures and Commodity brokerage
Rainfall in Colombia; the world’s second-largest producer of arabica beans may hurt crops. Coffee plantations are being damaged by landslides and rains.… read more
ICSC-Goldman Store Sales May 3, 2011 – Futures Trading, Commodity Trading, Trading news, Economic News, Futures and Commodity brokerage
Prior Actual Store Sales – W/W change 0.4 % -0.8 % Store Sales – Y/Y 3.2 % 2.8 % ICSC-Goldman’s same store sales index dropped 0.8% in April 30 week; this slightly below the avg.… read more
Reversal dates, markets to watch today. Swing trading strategies, swing trading signals, trading futures, trading futures, price action, action reaction
Tuesday has three markets with potential reversal dates that could set up a swing trading opportunity. June Lean Hogs – This market has been lower after peaking on the April 4, 2011 reversal date. The market is currently trading just above the downward sloping median line. This line typically provides support where a market can… read more
Market Wrap up for May 2, 2011 – Futures Trading, Commodity trading, Commodity Futures trading, Futures brokerage, Trading
Wrap up for May 2, 2011 Wrap up for May 2, 2011 … read more
Economic Calendar for Tomorrow May 3,2011 – Economic News, Futures Trading, Commodity Trading, Futures Trading brokerage, Commodity Futures Trading
Traders should be prepared for tomorrow’s economic reports: For Tuesday May3, 2011 Motor Vehicle Sales ICSC-Goldman Store Sales 7:45 AM ET Redbook 8:55 AM ET Factory Orders 10:00 AM ET 4-Week Bill Auction 11:30 AM ET 52-Week Bill Auction 11:30 AM ET… read more
Time to exit long position in Rough Rice, Swing Trading Strategies, Swing Trading signals, trading futures, Commodity Trading, Action-Reaction
TMV Swing Trading Report – Long July Rough Rice @ 14.820 – current price @ 15.20 – Rice gapped higher this morning, but failed to reach the upward sloping median line before forming a bearish pattern in the 60-minute chart. I recommend exiting the long position and bank the gain at this level.… read more
Wheat-Corn news/ Futures Trading,Futures Brokers,Commodity Trading, Commodity Brokers,Futures news, Commodity news
After the US Department of Agriculture released news earlier this month forecasting a projected higher level of soft red winter wheat, the type traded in Chicago, to replace corn plantings, a switch being viewed with keen interest by those in the industry. With wheat’s higher protein content many feel that it makes a better option… read more