Darell Jobman EUR/USD The Euro rallied back to the 1.2950 area against the dollar during Friday, but gains remained generally unconvincing as underlying sentiment remained negative. There were further negotiations surrounding a new Greek government during the day as PASOK leader Venizelos attempted to form a coalition and there were also some reports that the New Democracy party was also close to securing a deal with the Democratic Left Party which briefly pushed the Euro higher. In the event, there was no agreement to form a government as SYRIZA refused to join an administration and … [Read more...]

Jim Wyckoff   Monday, May 14--Jim Wyckoff's Morning Web Log * JIM'S MARKET THOUGHT OF THE DAY * The market place is very jittery to start the new trading week. The European Union debt crisis has intensified. More weak EU economic data was issued Monday. There is Greek political disarray as no coalition government has formed and fresh elections are likely. There are rising Italian and Spanish bond yields, with Spanish yields above the critical 6% level. And, a major region in German saw its electorate rebuke German leader Merkel's austerity policies. The EU debt … [Read more...]

You Are Here: Home > Articles > Commentary > Latest US Jobless Claims Recorded a Slight Decline Darell Jobman JOIN TraderPlanet HERE!More articles EUR/USD The Euro was confined to narrower ranges during Thursday as markets lacked the energy to break major technical levels, especially with no major fresh incentives, while underlying Euro sentiment was still weak. After failing to form a government, the SYRIZA coalition handed the baton over to Pasok who came third in the election. There were some rumours of a coalition deal with Democratic Left which had some impact in lifting … [Read more...]

You Are Here: Home > Articles > Commentary > Jim Wyckoff's Morning Blog--Friday Jim Wyckoff Get Your FREE Market Forecasts HereMore articles Friday, May 11--Jim Wyckoff's Morning Web Log * JIM'S MARKET THOUGHT OF THE DAY * The big news of the week came after the markets closedThursday, when an embarrassed JP Morgan announced one ofits hot shot trader's strategies hadgone awry--by $2 billion or more in just a few weeks' time.The markets were slapped into an even keener "risk-off"mode on this massive trading loss by JP. Most markettraders Friday morning are exhibiting a "when in … [Read more...]

The South Korean won hit a near four-month low on Friday and is set for the worst week in five months, leading a slide in emerging Asian currencies as a sustained political deadlock in Greece kept investors worried about the euro zone debt crisis. Regional units are also under pressure from a reduced appetite for risk after JPMorgan reported a $2 billion trading loss from a failed hedging strategy, and while investors await more economic data from China including April industrial output. The outlook for the world's second-largest economy does not offer much reassurance for the Asian economy … [Read more...]

You Are Here: Home > Articles > Commentary > Selling Pressure On The Euro Intensified Darell Jobman JOIN TraderPlanet HERE!More articles EUR/USD The Euro was unable to regain the 1.30 level in early Europe on Wednesday and remained generally fragile during the session. The Greek political situation remained a key focus during the day with further attempts to form a coalition. The SYRIZA alliance continued to negotiate with other parties, but there was little sign of any progress with the New Democracy party insisting that a commitment to the bailout must continue and continued … [Read more...]

You Are Here: Home > Articles > Commentary > Softs Market Commentary Jim Wyckoff Get Your FREE Market Forecasts HereMore articles July sugar closed up 5 points at 20.42 cents yesterday. Prices closed nearer the session high yesterday and hit a fresh 12-month low early on. Tepid short covering in a bear market was featured yesterday. It was another "risk off" trading day yesterday and the key "outside markets" were in a bearish posture for sugar as the U.S. dollar index was higher and crude oil prices were lower. Sugar bears still have the solid overall near-term technical … [Read more...]

You Are Here: Home > Articles > Commentary > Softs Market Commentary from Jim Wyckoff Jim Wyckoff Get Your FREE Market Forecasts HereMore articles SOFTS: July sugar closed up 5 points at 20.42 centstoday. Prices closed nearer the session high today and hita fresh 12-month low early on. Tepid short covering in abear market was featured today. It was another "risk off"trading day today and the key "outside markets" were in abearish posture for sugar as the U.S. dollar index washigher and crude oil prices were lower. Sugar bears stillhave the solid overall near-term technical … [Read more...]