|
The U.S. Department of agriculture today released the long awaited report about U.S. farmers’ planting intentions for the 2011/12 crop season. The total acreage came in slightly higher than expected at 239.4 mio acres, which is 9.4 mio acres more than the 2010/11 season. The biggest winner, compared with expectations, was wheat and corn while [...]
The U.S. Department of Agriculture will release its long awaited report today about U.S. farmers’ planting intentions for the 2011/12 crop season. Given the current tightness in supply, in especially corn and soybeans, this report could set the tone for price developments over the next couple of months until weather becomes the sole focus ahead [...]
The U.S. market is expected to open flat following the sell-off yesterday as solid economic data clashes with a new round of sovereign debt concerns in the Eurozone and continuing Middle East commotion. Germany is doing all it can to lift the rest of the Eurozone as another report released earlier today shows that factory orders grew 2.9 [...]
The USD followed through on its smart little technical reversal yesterday with follow-up strength today, but will the currency follow through to the strong side here, or is this simply another modest consolidation that will fade to yield further gains for the greenback like all previous attempts by the currency to make a stand? UK [...]
European stocks will open higher as crude oil has retreated somewhat and U.S. bank shares soared on Bank of America’s indication that dividends might be raised. Germany will spur further optimism today with stellar industrial production figures The FTSE 100 index futures are currently up 0.1 percent ahead of the opening. Today the most watched European [...]
Germany steps into the spotlight for a second consecutive day with the release of its February industrial production report, which is expected to be quite good. Germany is joined today by the U.K., which releases its monthly trade data. Analysts look for another large deficit. German steamroller powers on As we argued in yesterday’s post the [...]
An unchanged trading day and small range has left signals once again without any strong directional bias. Intraday trading is being highlighted by a continued loss of positive momentum at levels above 115.00 since Friday. However overall momentum for the week is still improving and prices are supported by a trend of rising lows. Against [...]
The GBPUSD is up testing the 50% retracement of the move up from the January 25th low to the February high, and the underside of the trendline which was broken today (trendline from the same low on January 25th). The market is at a crossroad. Staying below keeps the bearish bias. A move above will [...]
With Mabarek’s resignation, a reversal in Gold would be expected on the idea of less tension should lead to less demand for safe haven assets like gold. The price has indeed fallen, but the price remains above the 100 hour MA at the 1359.50 level. As a result, the technicals are still fighting between the 100 [...]
The USDCHF broke above the 100 day MA today. If the price can close above this level today (0.9685), this will be the first close above the MA level since June 25th 2010. That is signficant and the price action has reacted accordingly today with prices moving steadily higher. Of coures, breaks higher (or lower) [...]