• Usain Bolt

    Lifted By Olympics, Britain Out Of Recession

    Official figures show the U.K. economy grew by 1 percent, with 0.2 percent of the growth coming from the Olympic Games.
  • London Session: At last, some economic data to chew over

    The big news of the day was that the performance of the Eurozone economy in the second quarter was not as bad as expected, France and Germany were slightly better (even if France managed to avoid a negative second quarter through a statistical quirk!) and the US consumer is back spending again, according to the July retail sales report. This along with some headline risk from Europe (albeit fairly sporadic during holiday season) has kept markets fairly lively this morning - but in these types of...
  • Morning Copper Market Report

    The copper market recovered from overnight pressure and is posting moderate gains during Tuesday's early trading action. Asian copper prices were weaker overnight as some trader were hopeful of Chinese easing, while the copper market may have found some support from the recent developing pattern of declining daily LME copper stocks.
  • Morning Gold Market Report

    With a slightly positive outside market environment in place, gold prices have started out on a positive track early today. Evidence of renewed interest in gold derivative instruments adds to the positive tone, which was probably the result of a stronger Euro and generally higher global equity market action.
  • Morning Platinum Market Report

    The platinum market has posted moderate gains early today, which many traders feel is partly the result of favorable outside market action and partly the result of supportive internal developments.
  • Crude extends gains to more than $1

    Crude futures rose more than $1 on Tuesday in choppy trading as supportive retail sales data provided lift to oil and equities on Wall Street.
  • Coffee Technical Daily Outlook

    COFFEE Futures close lower on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that additional weakness is possible. If it extends the decline off July's high, the reaction low crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
  • Natural Gas Technical Daily Outlook

    NATURAL GAS closed lower on Monday and the midrange close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July's high, the 62% retracement level of the AprilJuly rally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
  • Crude Oil Technical Daily Outlook

    CRUDE OIL closed slightly lower on Monday and the lowrange close sets the stage for a steady to lower on Tuesday session. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off June's low, the 62% retracement level of this year's decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
  • Agricultural Trends And Expanding Business Opportunities Drive Monsanto (NYSE: MON)

    Monsanto (NYSE: MON) Reaffirms Earnings and Cash Flow Guidance, Highlights Growth Opportunities at Sixth Whistle Stop Event. Monsanto Company (NYSE: MON) today brought its technologies to life during its sixth Whistle Stop field event for investors at the company's 480-acre Monmouth Learning and Agronomy Center, the largest research farm in North America. Highlighting the growth drivers for the company, executives visited with investors as they toured plots representing the future of agricult...
  • Financial Markets Steadied as French and German Economic Data Came in Better than Expected

    Financial markets recovered in European morning as France and Germany avoided economic contraction in 2Q12. Oil prices also climbed higher as Iran-Israel tensions escalate, in addition to output shortage in the North Sea. Increasing signs of Israel's military intervention in Iran have sent support to oil prices. Gold also edged higher but remained confined with recent narrow range. A breakthrough would need to be accompanied by additional easing from the ECB and/or the Fed.
  • The Nemenoff Report Bonds Lower, S&P's higher, Silver Lower

    Sept. Bonds are currently 31 lower at 147'27 and the 10 Yr. Notes 9 lower at 133'11. This morning: Retail sales were up a better than expected 0.8% and PPI was up 0.3%. Euro-zone GDP was slightly better than expected at -0.2% showing improvement in Germany, France and the Netherlands and negative growth in other countries. Near term support remains in the 147'20 level but resistance has been lowered to 149'28. Treat as a trading market between support and resistance.
  • USD/JPY Continues Channeling Up; Cracking 2012 Trendline

    In the previous update, I noted that USD/JPY had bearish bias in a directionless market. However, price action did not re-establish bearish momentum. The 4H RSI showed the RSI attempting to push back below 40 as price tried to push back below a near-term support pivot at about 78.15. Both failed, and the market rebounded, and then accelerated sharply above the consolidation high near 78.80. The USD/JPY is now looking like a rising channel in the 4H chart. The RSI is also about to kiss 70, showin...
  • GBP/JPY Trading Up to Recent Consolidation Resistance Area

    The GBP/JPY extended the rally noted in the previous update and pushed to new highs for August during the 8/14 European session. As we start US trading, the pair is poking at a medium-term consolidation resistance area roughly between 123.77 and 124.06. as ween in the 4H chart.
  • EUR/USD Breaks Above Near-term Trendline into Last Week’s Range

    The EUR/USD reached 1.2240, the 2nd target mentioned in last week's update, before finding support. After some sideways trading, the EUR/USD rallied heading into 8/13 US trading, pushing above a near-term declining trendline seen in the 1H chart. Also, the 1H RSI pushed above 60 and tagged 70. These signs reflect a market that has not picked a direction as it tests lower range of last week's range roughly between 1.2442 and 1.2340.
  • Trading Ideas on GBP/USD, AUD/USD and USD/CHF

    The pair went down to make a low of 0.9697 but bounced back, till it manages to stay above its support of 0.9680 we can expect it to move towards 0.9800 and 0.9860 respectively. Pair seems to have lost the momentum and a break below 0.9680 can take the pair towards 0.9610.
  • EuroCrisis Olli Rehn and the Future of the EU

    Europe should work on Economic and Monetary Union 2.0. The Eurozone was at "a decisive juncture" and the debt crisis had both underlined the need and created the conditions for Europe to rebuild and reinforce its economic and monetary union, a senior European Commission official said Monday. Short-term symptoms of the current Eurozone debt crisis had their roots in long-term ailments, Commission vice president Olli Rehn said Monday in an article in the Wall Street Journal.
  • China Natural Gas (PINK:CHNG) Revenues Jump

    China Natural Gas, Inc. ("China Natural Gas" or the "Company") (PINK: CHNG), a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced its financial results for the second fiscal quarter ended June 30, 2012.
  • Italy Killing Ferrari, Lamborghini as Socialism Takes Hold

    Italy's luxury police hunt Ferrari owners. The government of Prime Minister Mario Monti is implementing 20-B Euros (US$25-B) in austerity measures as the country struggles with 1.9-T Euros of debt. The economy has contracted for 4 straight Quarters and unemployment has risen to a 13-yr high as consumer spending and industrial output fall. The downturn prompted Fiat, Italy's biggest manufacturer, to temporarily halt investments in the country.
  • The Energy Report - All's Quiet on the Oil Rally

    Another choppy light volume day and if you were not paying close attention you might not realize that oil is going higher. In fact, led by the Brent Crude on concerns surrounding North Sea production and of course those pesky geo-political worries oil is rising step by step an inch. North Sea blend production is near record lows due to maintenance. Weak Eurozone growth but in line with expectations and Chinese data are also keeping hopes and oil high in the belief that China or some other nati...