You Are Here: Home > Articles > Commentary > Grain Market Analysis Jim Wyckoff Get Your FREE Market Forecasts HereMore articles May corn futures closed down 11 3/4 cents at $6.33 1/2 yesterday. Prices closed nearer the session low yesterday as trading has turned choppy and sideways recently. Gold market bulls were disappointed yesterday that the bullish outside markets could not help out corn yesterday. There were more weekly export sales for corn reported by USDA yesterday. Corn market bulls and bears are on a level near-term technical playing field. Corn bulls' next upside price … [Read more...]

You Are Here: Home > Articles > Commentary > Fears Surrounding the Longer-term Implications... Darell Jobman JOIN TraderPlanet HERE!More articles EUR/USD The Euro was unable to sustain a move above the 1.3280 area against the dollar on Tuesday and fluctuated in relatively narrow ranges during the day as markets continued to react to the Greek debt deal. There was further relief that the immediate threat of Greek default has been eliminated. There were still uncertainties surrounding the private-sector restructuring deal and Greece announced that there would be a Collective Action … [Read more...]

MUMBAI: The rupee today gained eight paise to close at one-week high of 49.22/23 against the US dollar on sustained capital inflows amid fresh selling of the American currency by exporters.The local unit moved between 49.10 and 49.31 at the Interbank Foreign Exchange (Forex) market before closing at 49.22/23, up by eight paise from its last close.FIIs infused $304.50 million yesterday, according to Sebi data. They have picked up shares worth over $3.2 billion in equities in the current month till February 21 and a total over $5.2 billion in the current calender year so far.Forex dealers said … [Read more...]

Jim Wyckoff GRAINS: May corn futures closed down 11 3/4 cents at $6.33 1/2 today. Prices closed nearer the session low today as trading has turned choppy and sideways recently. Gold market bulls were disappointed today that the bullish outside markets could not help out corn today. There were more weekly export sales for corn reported by USDA today. Corn market bulls and bears are on a level near-term technical playing field. Corn bulls' next upside price breakout objective is to push and close prices above solid technical resistance at the February high of $6.56. The next … [Read more...]

You Are Here: Home > Articles > Commentary > Euro Found Support on Dips Darell Jobman JOIN TraderPlanet HERE!More articles EUR/USD The Euro found support on dips to below 1.32 against the dollar in Europe on Monday and pushed significantly higher during the session with a peak near 1.3280. There was further optimism that the Eurogroup meeting would agree on a loan package for Greece at Monday's meeting. Over the weekend, there had been speculation that a decision could be delayed until March, but German officials were keen for the issues to be resolved at Monday's meeting. There … [Read more...]

Jim Wyckoff   Tuesday, February 21--Jim Wyckoff's Morning Web Log * JIM'S MARKET THOUGHT OF THE DAY * Finally, early today Greece was be able to secure its next bailout funds and that has somewhat boosted risk appetite in the market place today. This Greek debt deal was supposed to be secured weeks ago. Already, the European markets are shaking off the Greece news and have new worries about other factors that have the European Union in its debt mess. It's like the movie, "Groundhog Day," in which the EU is just stuck in its debt mess and cannot get out.--Jim U.S. … [Read more...]

Posted by Edge on February 20, 2012 in Day trading course with No Comments Yet Day Trading Course, weekly trading report Riskier assets were able to gain traction later in the week, as better than expected economic data, trumped the ongoing feet dragging surrounding the second bail out payment for Greece. The US markets continued to decouple from Europe, as better than expected employment, housing and manufacturing data, were released late in the week. The bank of Japan also surprised the markets with an expansion of their asset purchase program. The yen was the weakest of the major … [Read more...]

You Are Here: Home > Articles > Commentary > Major Doubts Surrounding the Sustainability of... Darell Jobman JOIN TraderPlanet HERE!More articles EUR/USD The Euro found support close to 1.3120 against the dollar on Friday and had a slightly firmer net tone, but it was unable to break above the 1.32 level. The Greek situation inevitably remained an important focus during the day as negotiations continued ahead of Monday's Eurogroup meeting. Greek officials attempted to take an optimistic tone during the day and there were reports that deal could be secured on Monday. The government … [Read more...]

SHANGHAI: The yuan edged up against the dollar on Monday after the People's Bank of China set a slightly stronger mid-point, underpinned by expectations Europe will sign off on a rescue deal for Greece.Market participants widely expect the euro zone finance ministers would approve a second rescue package for Greece on Monday, helping avert a messy default."We are focused on the euro zone and see a larger possibility that ministers will sign off on this, which will boost the euro and strengthen chances the yuan will rise in the near future," said a dealer at a Chinese bank in Shanghai.The … [Read more...]

TOKYO: The euro rose in Asian trade Monday amid growing confidence that Greece will finally be given a fresh bailout, while the dollar was up against the yen after Japan posted a record trade deficit.The European unit bought $1.3211 and 105.05 yen in Tokyo afternoon trade Monday, compared with $1.3148 and 104.54 yen in New York late Friday.The dollar traded at 79.52 yen against 79.17 in New York.The euro will trend upward against the dollar and the yen throughout the day as dealers await an all-important meeting of eurozone finance ministers, said Kengo Suzuki, forex strategist at Mizuho … [Read more...]