Commodities

Tech Talk for Friday December 13th 2019

  Observations The S&P 500 Index, Dow Jones Industrial Average and NASDAQ Composite Index moved to all-time highs on China/U.S. trade news   StockTwits released yesterday @EquityClock Citigroup $C, an S&P 100 stock moved above $76.28 extending an intermediate uptrend. S&P Bank SPDRs $KBE moved ...

Asia Midday Update. A Crushing Win UK Conservatives

UK Election Labour’s Corbyn concedes, Liberal’s Swinson loses her seat, SNP massive gains North of the border. Tories on track for a crushing win in today’s election with 200 of 650 seats left to declare. GBP rallied two per cent overnight but is unchanged in Asia at 1.3470, next resistance ...

Enguard Lagarde

Overview: With the FOMC meeting delivering no surprises, attention turns to the ECB meeting as the UK goes to the polls. Lagarde will hold her first press conference as ECB president today, and it will naturally command attention. Equities are advancing today, and tech appears to be leading th ...

Five commodity themes for 2020

What will be the biggest drivers and concerns for global commodity and energy markets in 2020? S&P Global Platts president Martin Fraenkel shares his outlook. This year has been marked by a tug of war between geopolitical tensions and macroeconomic concerns, rangebound commodity prices and – perh ...

Tech Talk for Thursday December 12th 2019

Pre-opening Comments for Thursday December 12th U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Equity index futures moved slightly lower following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 212,000 v ...

Interview: Commodities Break Downtrend, GDX Holding Gains

Jordan Roy-Byrne joins me for a close look at the GDX and GCC (equal weight commodity index) charts. It all ties into the potential of inflation picking up in 2020 which could be a major driver not just for the precious metals. Jordan also shares some levels for gold and silver where he sees strong ...

Gold prices edge higher as investors watch tariff talks and the Fed

Gold prices edged up Wednesday as uncertainty about international trade policy helped to buttress the yellow metal ahead of the Federal Reserve’s latest policy statement and interest-rate projections of 2019. The U.S. central bank’s update will be released at 2 p.m. Eastern time, about a half- ...

Tech Talk for Wednesday December 11th 2019

Pre-opening Comments for Wednesday December 11th U.S. equity index futures were slightly higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Investors are waiting for news on interest rates by the Federal Reserve Open Market Committee to be released at 2:00 PM EST. Consensus ...

Oil drifts lower but trims early loss as report on China trade talks sparks fresh hope

Oil futures were slightly lower early Tuesday, but off overnight lows, after a report from the Wall Street Journal that was being perceived as upbeat in long-running negotiations between the U.S. and China on tariffs. The Wall Street Journal, citing unnamed officials from both parties, reported th ...

Tech Talk for Tuesday December 10th 2019

Pre-opening Comments for Tuesday December 10th U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Starbucks (SBUX $86.28) is expected to open higher after RBC Capital initiated coverage on the stock with an Outperform rating. Target is $97. ...