U.S. Jobless Claims Rise, Home Sales Fall – Reuters Oil Rises as Dollar Ralls, Stock Market Gains – Reuters U.S. Farmers Hit Fields to Sow Corn, Soy for World – Reuters U.S. Mortgage Rates Fall – MarketWatch Gold Rises Above $900 After U.S. Jobs Data, Copper Falls – MarketWatch Analysts Hike Forecasts for China’s Economic [...]
Lind Plus Senior Market Strategist Adam Klopfenstein was quoted in two recent Bloomberg articles on the cocoa market. The report on April 22 was titled, ”Cocoa Falls on Weakening U.K. pound, Signs of Declining Demand.” The report on April 20 was titled, “Cocoa Falls to 4-Week Low on Concern Recession to Erode Demand.”
February Home Prices Up, Down 6.5% in Year – Reuters Chinese Demand to Aid Copper Demand: Freeport – Reuters Gold Inches Up, Physical Buying Supports – Reuters Oil Prices up Despite Swelling Inventories – AP/MSN Money Global Economy May Shrink First Time in 60 Years – AP/MSN Money U.S. 10-Yield Touches Highest Since Fed Announces [...]
Crude oil futures are trading slightly lower in early trade, with the June contract trading slightly under $49 a barrel. Lind Plus Senior Market Strategist Jeff Friedman said while crude oil bulls may be encouraged by Tuesday’s higher close, he thinks the rally was driven mainly by short-covering after the market had hit a six-week [...]
Geithner Says Most Banks Have Adequate Capital – Reuters Gold Extends Gains, but Capped at $890/0z – Reuters Oil Gains With Wall Street, Iran Points to OPEC Cut – Reuters Credit Losses Could Hit $4 Trillion, IMF Says – MarketWatch Dollar Slips on U.S. Profits, German Sentiment – MarketWatch Fewer U.S. Companies Plan to Start [...]
Data to Watch This Week: Home Sales, Durable Goods by Phil Streible In every market, there is a vast amount of fundamental data to keep track of. A lot of people are unsure what’s driving the markets right now, and what to focus on. We are in earnings season, which reaches its pinnacle on Wednesday. [...]
Oil Falls 8.8% on Economic Concerns, Stronger Dollar – MarketWatch Leading Indicators Fall, Recession Seen Through Summer – MarketWatch Gloom About Gold, Except Among Radical Bugs – MarketWatch Rubber to Decline 35% as Tire Sales Slump – Bloomberg U.S. Steelmakers File Trade Case over Chinese Tires – Bloomberg Wall Street Fear Guage Pops as U.S. [...]
Join Lind Plus Senior Market Strategist Phil Streible for a look at this week’s three major economic reports: existing home sales, new home sales and durable goods. Phil will discuss how these reports could affect various markets while offering trading strategies for you to consider. Register now!
Stock index futures are weak in early trade, with June S&P 500 futures last down 25 at 841.75. Lind Plus Senior Market Strategist Jeff Friedman said the market seems to be “running out of oomph” and momentum indicators, the Stochastics and Relative Strength Index (RSI), are warning the market is overbought and wanting to correct. [...]
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U.S. Consumer Sentiment Highest Since September – Reuters Dollar Gains Vs. Most Majors, Euro Slumps on ECB – Reuters Venezuela Says OPEC Should Restore Oil Price Bands – Reuters VIX Slips to 6-Month Low as Swings Ease, Citigroup has Profit – Bloomberg Cotton Rallies to 11-Week High on Speculation Acreage May Fall – Bloomberg Trichet [...]
