August 27, 2021
Arabica Coffee (KC) Daily MACD Trying to Positively Cross
Midday Market Minute: August 26, 2021
Understanding Risk-Assets Ahead of Powell
On Wednesday, we discussed the House paving the way for President Biden’s $4 trillion budget and how the lingering debt ceiling impacts Treasury issuance. The Jackson Hole Symposium will be fully virtual tomorrow. Fed Chair Powell’s speech at 9:00 am CT is the main event.
USDCAD Tries Halting 300 Pip Pullback Ahead of Jackson Hole
Markets Generally Weak
Midday Market Minute: August 25, 2021
WTI Crude (CL) Reverses Last Week’s Losses Ahead of Inventory
Midday Market Minute: August 24, 2021
Index and Sector Breakdowns Remain Absent
Catch-Up on Crop Conditions
Yesterday morning, the USDA announced a flash sale of 458,600 metric tons to Mexico for the 2021/2022 marketing year (equivalent to 18,054,285 bushels).
August 24, 2021
Technical Analysis Heading into Tuesday’s Open: August 24, 2021
VIX (VX) Slides Back to Below Key 20 Level
Crude Oil Correction to Continue
China Cases, PMIs, and Jackson Hole Jitters
Flash PMIs from the U.S. for August are due at 8:45 am CT. Manufacturing is expected at 62.5, a touch slower than recent months, but still expanding at a historical pace.
Wheat (ZW) Tests 38.2% Fib Retrace of Jul-Aug Rally
Cocoa (CC) Consolidates After Forming New 2021 High
Chart Advisor: Hopeful Lift
Midday Market Minute: August 19, 2021
Maybe They Do Care
Making Sense of the Healthy Pullback We Want
The buyers exhaustion we spoke of was real and after sharp rebounds on Monday and Tuesday, there was simply no ammo left. Some may look to yesterday’s Fed Minutes as the catalyst, and it certainly played a role.
Markets Sell Off Across the Board
USDCHF Consolidation Since Late June Near Completion
Midday Market Minute: August 18, 2021
Gold (GC) Daily MACD Positively Crossing
August 17, 2021