ATHENS, March 23 (Reuters) – Greece wants a European solution to its debt crisis and expects positive results from a European Union summit on March 25-26, Finance Minister George Papaconstantinou said on Tuesday. Germany and its EU partners are in disagreement over financial support for Greece, whose debt load is seen hitting 120.4 percent of… read more
Tag Archives: Trading News
Cattle approaching target objective during reversal timing. [chart]
Cattle have been in a bullish trend cycle since mid-December and are approaching the long-term reaction line target objective of 97.50, projected several weeks earlier.… read more
TR swing pattern portends price advance in British pound. [chart]
The long-term bearish reaction cycle ended on the March 2 reversal swing date at the projected target objective. Then the market moved into a sideways consolidation pattern and formed a bullish TR swing pattern. This pattern typically appears at major tops and bottoms and can precede a major trend shift. Currently the market is setting… read more
Reversal swing date for the week of March 15 – 19.
Monday – Dollar index Tuesday – Silver, Gold, Dow Jones, Canadian dollar, Japanese yen Wednesday – Soybeans Thursday – Treasury Bonds Friday – Cattle… read more
Export sales [3/11/2010]
U.S. exports dipped 0.3 percent, reflecting weaker sales of a wide variety of products from civilian aircraft and machinery to agricultural products. But imports dropped by a larger 1.7 percent as both oil and foreign cars saw big declines.… read more
U.S. trade Balance [3/11/2010]
WASHINGTON (AP) — The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad. The Commerce Department said that the trade deficit declined to $37.3… read more
Crude Palm Oil Futures (CPO)?
According to the CME Group, due to the growth of interest in edible oil futures and options the CME will introduce CRUDE PALM OIL futures or symbol CPO on May 24, 2010. Crude palm oil is the the world’s most-consumed edible oil. This will be a cash settle, dollar denominated contract, with the safety and… read more
Crop Production Report [3/10/2010]
WASHINGTON, March 10 (Reuters) – U.S. soybean exports are headed for a record 1.42 billion bushels, the government said Wednesday, and heavy domestic use of the oilseed will reduce the stockpile to a scant 190 million bushels this summer, slightly less than analysts had expected. The Agriculture Department lowered its forecast for U.S. corn exports… read more
Crude oil breaks resistance and continues bullish cycle.
After testing resistance at the junction where the descending reaction line (red line) and the ascending median (center blue line) three times, Crude broke through on Friday. A solid close above the median line should portend a rally to test the prior high at 84.95. The cycle remains bullish until the March 10 reversal swing… read more
Unemployment [3/5/2010]
Unemployment rate unchanged as 36K jobs lost By CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON (AP) — The unemployment rate held at 9.7 percent in February as employers shed 36,000 jobs, fewer than expected. The figures suggested the job market is slowly healing but that significant hiring has yet to occur. The Labor Department said… read more