Commodities

Trade, Brexit, and Disappointing Flash PMIs Weigh on Global Markets

Overview:  The deterioration of the investment climate is spurring the sales of stocks and the buying of bonds. The dollar is firm.  China and the US appear to be digging as if the trade tensions will remain for some time and the breech is beginning to look too big for Trump and Xi to pull an ...

Tech Talk for Thursday May 23rd 2019

  Observation Strength in the U.S. Dollar Index and related ETN took its toll on commodity and commodity equity prices.   StockTwits released yesterday @EquityClock Painted Pony Petroleum $PONY.CA moved below $1.26 to a 10 year low extending an intermediate downtrend. Technical action by S&P ...

TFMR Podcast - Wednesday, May 22

With TF 11 Comments | 5 Likes The FOMC minutes come and go without any real damage. However, the rest of the commodity sector was worked over pretty good again today so we must be on teh lookout tomorrow. For today, just a lengthy discussion of the current situation. Again, much of what we lai ...

Rate Cut expectations fall after FOMC Minutes see patience for some time

Treasuries kept their gains and the dollar was little changed following the release of the FOMC minutes.  Rate cut expectations are lower, with the September meeting pricing in a 38.6% chance of a rate cut.  Rates are going nowhere for some time. Balance Sheet Normalization Participants resumed ...

USD/JPY – Japanese yen edges higher on positive Japanese data

USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers. Core Machinery Orders climbed 3.8%, crushing the estimate of o.0%. This marked a 5-month high. Japan’s trade deficit ...

DAX posts gains as U.S. lowers trade tensions

The DAX started the week with a sharp decline, but has reversed directions and recovered much of these losses. Currently, the index is at 12,171, up 0.23% on the day. Today’s highlight is the minutes of the Federal Reserve’s most recent meeting. Thursday will be busy, as Germany releases GDP an ...

EUR/USD – Euro subdued in data-light session, Fed minutes next

EUR/USD has ticked higher on Wednesday. Currently, the pair is trading at 1.1171, up 0.08% on the day. On the release front, there are no major German or eurozone events. It’s a quiet day in the U.S. as well. Today’s highlight is the minutes of the Federal Reserve’s policy meeting earlier in ...

Tech Talk for Wednesday May 22nd 2019

Pre-opening Comments for Wednesday May 22nd U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S. 74.67 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was an ...

Commodities Weekly: Platinum pushed to three-month low

  The precious metal sector is under-performing this week amid demand pressures and a rising US dollar. Agricultural commodities are staging a comeback on the back of supply issues and speculative short covering.   Precious metals Speculative investors scaled back their bullish PLATINUM bets to t ...

The Question of Gold Price Manipulation? - Craig Hemke (21/05/2019)

ay 21, 2019 That this is even a question reveals the intellectual laziness of those who ask. However, since this is coming up with regularity again, here's another post on the subject. First, a summary of recent admissions and convictions against The Banks: • LIBOR manipulation: http ...