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Softs Report - Monday, June 3
Article By:
Jack Scoville
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Monday, June 3, 2024 11:35 AM EDT
Cotton was lower and prices are back at the lower end of a trading range despite signs of improving demand.
In this article: CANE
Stocks: Will A New Record Follow Friday’s Rebound?
Article By:
Paul Rejczak
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Monday, June 3, 2024 9:02 AM EDT
The S&P 500 is likely to extend its intraday rebound from Friday.
Forex Today: Asian Stocks Advance On Modi Landslide
Article By:
Adam Lemon
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Monday, June 3, 2024 3:57 AM EDT
The landslide re-election of India’s Prime Minister Modi has sent Indian stocks sharply higher to new record prices, as well as boosting other Asian and global stocks, while the Indian Rupee sees gains.
OPEC+ Extends Cuts
Article By:
ING Economics
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Monday, June 3, 2024 3:18 AM EDT
OPEC+ members extended their additional voluntary supply cuts as expected and the group also laid out plans to gradually ease these cuts from the fourth quarter. Action taken by members should leave the oil market in deficit for the remainder of 2024
Weekly Technical Update: S&P 500 - Sunday, June 2
Video By:
Michael Filighera
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Sunday, June 2, 2024 4:05 PM EDT
In this video, I take a look at the big picture for the S&P 500. I also update the labeling and Fibonacci levels after Friday's expiration.
In this video: SPX
Weekly Technical Update: Nasdaq - Sunday, June 2
Video By:
Michael Filighera
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Sunday, June 2, 2024 1:40 PM EDT
In this video, I take a look at the big picture for the Nasdaq. I also review the Fibonacci levels for both the cash and futures markets.
In this video: NDX
Gold Overtakes Euro In Global International Reserves
Article By:
Jan Nieuwenhuijs
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Sunday, June 2, 2024 11:00 AM EDT
Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro.
WTI Crude Oil Forecast: Push Higher Falters And Mid-Term Lows Sighted
Article By:
Robert Petrucci
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Sunday, June 2, 2024 10:00 AM EDT
WTI Crude Oil saw the 80.000 USD level penetrated upwards on Wednesday of last week, only to falter and then begin a rather steady push lower.
Softs Report - Friday, May 31
Article By:
Jack Scoville
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Friday, May 31, 2024 1:15 PM EDT
FCOJ closed sharply lower to limit down on what appeared to be speculative selling tied to profit-taking, but the market remains well supported longer term based on forecasts for tight supplies and very hot weather in Florida.
In this article: CANE
Grain Markets Continue To Retreat As We Approach The Last Trading Day Of The Month
Video By:
Bill Baruch
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Thursday, May 30, 2024 6:00 PM EDT
Grain markets were weaker yet again in today's trade, taking corn prices back to where we were at the start of the month.
Grains Report - Thursday, May 30
Article By:
Jack Scoville
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Thursday, May 30, 2024 4:26 PM EDT
Wheat was lower in all three markets as adverse world growing conditions appear to be part of the price now.
Elliott Wave Technical Analysis: Soybeans - Thursday, May 30
Article By:
Peter Mathers
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Thursday, May 30, 2024 2:02 PM EDT
Soybean prices appear to have completed a corrective structure that began in late February and could now be resuming the long-term bearish trend.
In this article: SOYB
Softs Report - Thursday, May 30
Article By:
Jack Scoville
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Thursday, May 30, 2024 12:02 PM EDT
Cotton was lower yesterday on a stronger US Dollar that hurt new demand ideas.
In this article: CANE