By Ted Phillips
Often, traders focus too much on price, and not enough on time. Time brings change. It’s time, or time cycles that cause short-term or long-term reversals or changes in trend. I want to emphasize how important it is for you as a trader to focus on time, and share techniques to improve your [...]
Last week, the Commodity Futures Trading Commission (CFTC) released a proposal to apply speculative position limits to the energy futures markets. A public meeting was held on January 14, 2010 to discuss the new rules (which have some in the industry up in arms), but they are not yet a done deal.
A summary of the [...]
MF Global Research just released its “2010 Financial Market Outlook” as well as an extensive paper titled, “10 Macro Themes For 2010.” You can sign up for a free two-week trial to receive MF Global’s outstanding services and view the full research pieces. A brief excerpt of its Macro Themes paper is given below.
The financial [...]
Three days of CFTC hearings are underway on the topic of speculation in the futures markets, and the impact on market pricing.
“This hearing is an opportunity to determine how speculative position limits could be used to address excessive speculation, not how we can eliminate speculation,” said CFTC Chairman Gary Gensler, adding that the CFTC “must [...]
Federal Reserve Chairman Ben Bernanke delivers his semi-annual testimony to Congress on Tuesday. MF Global Research Senior Interest Rate and Equity Market Analyst Nick Kalivas offers his outlook in his daily research notes.
Thinking about Bernanke’s Testimony
The Fed Chairman is likely to make statements which are consistent with the consensus economic view. His comments will confirm [...]
The worse-than-expected June employment report is dampening pre-holiday spirit in stocks and commodities before the 4th of July holiday. Lind Plus Senior Market Strategist Richard Ilczyszyn said when there is a holiday on a Friday, the Labor Department often delays the employment report release until the following week. But this time, the report was released [...]
Crude oil futures are down in early trade, with the August contract sliding under $68 a barrel after the World Bank predicted the global recession will be deeper than expected, contracting 2.9 percent this year.
MF Global Research Analyst Ed Meir said he believes the deterioration in the Iranian situation should keep keep prices close to [...]
Crude oil has now ticked above $71 a barrel, a seven-month high, after the Energy Information Administration (EIA) raised its demand outlook for 2009, and a report late Tuesday from the American Petroleum Institute (API) showed oil supplies fell 5.96 million barrels to 357.9 million last week, the lowest level since March. The EIA releases [...]
June kicked off with a big bang, as stocks and many commodities hit new highs for the year. Is it time for a breather? Lind Plus Senior Market Strategist Jeff Friedman said “today could be a turnaround Tuesday” as bulls take some profits. “The signs are coming for a stronger sell-off,” he added.
Technical momentum indicators, [...]
Crude oil rose 30 percent in May, it’s biggest monthly gain in a decade. July futures are currently trading at a seven-month high above $67 a barrel after bullish manufacturing data out of China. The International Energy Agency (IEA) sounded some words of caution:
Prospects for global economic recovery may be damaged if oil prices rise [...]
