Marc Nemenoff
PRICE Futures Group
Financials: Mar. Bonds are currently unchanged at 143’24, 10 Yr. Notes 3.5 higher at 126’19 and the 5 Yr. Note 3 higher at 118’27.5. All I can do is plant an idea on these markets. I feel that the yield curve is about to steepen and am going to be focusing on the long 10 Yr./ short Bond spread and/or the long 5 Yr./short 10 Yr. spread.
Grains: Mar. Corn is currently 5’0 lower at 406’0, Jan. Beans 6’6 lower at 1028’2 and Mar. Wheat 17’2 lower at 638’0. If you went short Wheat yesterday either take profits or use a protective buy stop at 653’4.
Cattle: Live and Feeder Cattle closed sharply higher after trading lower early in the session. We have covered all short biased positions and remain on the sidelines.
Silver: Mar. Silver is currently 2 cents higher at 15.96 and Feb. Gold 5.00 higher at 1200.00. I’m a buyer in Silver below 15.70 and Gold below 1180.00.
S&P's: Mar. S&P’s are currently fractionally lower at 2059.00, giving up the overnight gains and a new contract high of 2073.75. Yesterday we went short in the 2035-2040.00 area and intend to hold this trade for the near future with an initial buy stop of 2085.00.
Currencies: I am currently on the sidelines favoring the long side of the euro on breaks for short term trades.
Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The valuation of futures and options may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or implied promise, guarantee, or implication by or from The Price Futures Group, Inc. that you will profit or that losses can or will be limited whatsoever. Past performance is not indicative of future results. Information provided on this website is intended solely for informative purpose and is obtained from sources believed to be reliable. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
Recommended Content
Editors’ Picks
EUR/USD holds gains near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.