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
Tag Archives: Futures Trading
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
Grain News and Opening Calls – Futures Broker
WHEAT – Down 2 to 3 cents per bushel. Pressure from a firm dollar but market underpinned by concern about dryness in the U.S. western Plains hard red winter wheat growing region. * USDA late on Monday said 47 percent of the U.S. winter wheat crop was in good to excellent condition, up from 46… read more
Swing Trading Strategy – Does the New Reaction Swing Signal a Major Top in Dow Jones Futures? [chart]
The Dow Jones futures are forming the final leg of a major TR (Trend Reversal) pattern. The long-term upward trend ended with a high close of 11397 on the November 4th reversal date. After testing the downward sloping reaction line during the November 5th session, Dow Jones turned lower and closed lower each of the… read more
Grain News and Opening Call – Futures Broker
WHEAT – Down 5 to 7 cents per bushel. End-of-week profit-taking with further pressure by concern about China’s stated plan to raise banks’ reserve requirements to rein in food inflation. * Dry weather in the western growing region of the U.S. winter wheat belt remains a problem for the emerging crop. Recent rainfall in other… read more
Grain Calls and News / Futures Broker
WHEAT – Up 6 to 8 cents per bushel. Technical bounce after the steep slide on Friday that was triggered by talk China would raise interest rates over the weekend. Dry weather stress on portions of the U.S. winter wheat crop and weather concerns in Australia also supportive. * Dry weather in the U.S. Plains… read more
Opening Grain Calls and News / Futures Broker
WHEAT – Down 10 to 15 cents per bushel. Pressure from talk China may raise interest rates this weekend to cool inflation, which was viewed as bearish for commodities. Showers in the U.S. Plains also weigh. CORN – Down 10 to 12 cents per bushel. Falls amid prospects for China to raise interest rates in… read more
Swing Trading Strategies – “Action-Reaction” Market Timing Intelligence at work in Coffee and Gold. [chart]
Swing Trading with Market Timing Intelligence Swing trading has emerged as the fastest growing trading strategy in the industry today. Long preferred by professional traders, swing trading is being discovered by a whole new generation of serious traders and investors. Everyone knows the old adage “follow the trend.” Traditional swing trading strategies were developed to… read more
Grain Supply Report / Futures Broker
CHICAGO (Dow Jones)–The U.S. on Tuesday unexpectedly cut its soybean harvest estimate and slashed its supply forecast, setting the stage for gains in soybean futures. Soybean production was pegged at 3.375 billion bushels, down 1% from the government’s October estimate, according to the U.S. Department of Agriculture. Analysts surveyed by Dow Jones, on average, had… read more
Cotton News /Futures Broker
NEW YORK, Nov 9 (Reuters) – The monthly supply report from the U.S. Agriculture Department was seen by analysts on Tuesday as bullish for the cotton futures market. They said the market will get a further boost after the USDA cut the 2010/11 production forecast in top consumer China to 30 million (480-lb) bales, from… read more