June 20, 2019
June 19, 2019
FX Rundown (06.19.19)
June 19, 2019
Morning Express: June 19, 2019
It’s Fed Day and expectations for a full dovish shift have fueled equity markets higher in recent weeks and truly all year. The S&P is about 1% from its all-time high and there is a 24.2% probability the Federal Reserve cuts rates at 1:00 pm CT.
June 19, 2019
FX Rundown (06.18.2019)
June 17, 2019
China Last Night – Alibaba Share Split, Shanghai London Stock Connect Launches, Huawei Update
A fairly quiet night as Wilbur Ross delivered cautious comments on a deal being struck between Trump and Xi at G-20 meeting. HK head Carrie Lam apologized and delayed the bill that would have allowed for extradition from HK to the mainland which sparked massive protests last week and over the weekend. The bill delay improved HK sentiment overnight.
June 17, 2019
Morning Express
U.S. benchmarks are firm ahead of Monday’s opening bell. Economic data from Friday was overall mixed but there were bright spots; Industrial Production beat expectations and a dismal read for April Retail Sales last month was revised much better.
June 17, 2019
Soybean (ZS) Weekly MACD Positively Crossing
June 14, 2019
Morning Express
U.S benchmarks notched a fundamentally and technically constructive session yesterday. Although it felt price action shrugged off soft CPI data on Wednesday, we believe this to have overall kept bidders glued to a tiring rally. First and foremost, there is absolutely nothing wrong for a rally to consolidate after running 6.7% (S&P) from low to high in just about a week.
June 14, 2019
Raw Sugar (SB) Weekly MACD Trying to Positively Cross
June 13, 2019
FX Rundown (06.12.19)
June 13, 2019
Why Stocks May See That Big Break Out On June 13
June 13, 2019
Oil Rebounds, Futures Tick Higher
The S&P 500 futures trade 11 points, or 0.4%, above fair value, supported by a bounce in oil and by lingering optimism for the Fed’s policy decision next week. Many of the energy stocks are up in pre-market action following the sharp increase in the price of oil ($53.04/bbl, +$1.90, +3.7%), which fell over 4% yesterday.
June 13, 2019
Early Look: Thursday, June 13, 2019
U.S. futures point to a bounce after slipping for a second straight session on Wednesday, dragged down by weaker energy and financial stocks (on lower oil and rising interest cut expectations), but look to steady ahead of jobless claims and import data later this morning. Oil prices surged today after reports of an attack on two tankers near Iran, boosting the region’s oil stocks.
June 13, 2019
EURUSD Breaking Weekly Chart Descending Wedge Resistance
June 12, 2019
Can Trump Manage the Economic Cycle?
June 12, 2019
Silver (SI) Readying to Retest Key 15 Level
June 11, 2019
Trading (Not Trade) Momentum Boosting The Market
The futures market is showing nice gains this morning for the major indices, which is setting up the cash market for a positive start. The S&P 500 futures are up 17 points and are trading 0.7% above fair value.
June 10, 2019
FX Rundown
Fundamentals: The Dollar slipped on Friday following an underwhelming Nonfarm Payroll report. Average Hourly Earnings came in at +0.2% versus +0.3% expected and weak job growth was confirmed. This lifted the Euro to nearly a two-month high and secured a breakout above trend line resistance.
June 10, 2019
Grain Express
Corn futures are softer to start the week on the back of some better weather over the weekend, allowing some planting to get done in areas that are far behind. Crop progress will be released this afternoon, expectations are for the crop to be 80-85% complete, a big jump from 67% last week.
June 10, 2019
Soybean (ZS) Consolidating Just Below 2018 Low
June 7, 2019
Corn Plantings at Point of No Return
June 7, 2019
Cocoa (CC) Nearing 2019 High
June 6, 2019
FX Rundown (06.06.19)
June 6, 2019
