Financials: Mar. Bonds are currently 5 higher at 154’13, 10 Yr. Notes higher at 126’09 and 5 Yr. Notes 3.2 higher at 118’18.2. not much change since yesterday as these markets now appear to be in a sideways pattern. We continue to hold the long 5 Yr./short 10 Yr. Spread and will liquidate if this spread narrows by 8 points over the next few days from it’s current level of 7’23 premium the 10 Yr. t5o 7’15 premium the 10 Yr.

Grains: Mar. Corn is currently 2’2 higher at 353’6, Mar. Beans 5’2 higher at 861’2, Mar. Chicago Wheat 4’0 higher and Mar. KC Wheat 2’0 higher at 456’2. We remain long KCW/ short Chi.W.

Cattle: Yesterday Feb. LC gave us the opportunity to cover recent short positions trading as much as 230 lower at 134.50 for a small loss, before rallying back to higher for the day. Feeders closed moderately higher gaining 175 points on the nearby Jan. contract. I will once again try the short side of the feb. LC above 138.10 level. We were unable to sell the recommended Feb. LC 132/140 strangle at 375 points.

Silver: Mar. Silver is currently20 cents higher at 14.04 and Feb. Gold 5.50 higher 1080.70. We remain long.

S&P's: Mar. S&P’s are currently 12.00 lower at 1997.00 after a late afternoon and early evening rally to the 2017.00 level after the market tested support of 1983.25. That beingthe market closed well below the 200 day moving average of 2038.86. If you followed yesterday’s recommendation of going short in the 2015.00 area either take profits or use a close stop.

Currencies: As of this writing the Mar. Euro is currently 85 lower at 1.0761, the Yen 18.5 higher at 0.84120, the P:ound 43 lower at 1.4670 and the Dollar Index 51 higher at 99.48. Yesterday we were stopped out of a recent short position when the market traded abgove our break even level of 98.710. I am willing to once again try the short side of thye3 Dollar at current levels. We remain long the Yen (either futures or the Mar. 85.00 call) and recommend either taking profits or using a close stop. If you are long the 85 call consider rolling up to a higher strike price as a means of reducing risk.

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


Recommended Content

Editors’ Picks

EUR/USD consolidates weekly gains above 1.1150

EUR/USD consolidates weekly gains above 1.1150

EUR/USD moves up and down in a narrow channel slightly above 1.1150 on Friday. In the absence of high-tier macroeconomic data releases, comments from central bank officials and the risk mood could drive the pair's action heading into the weekend.

EUR/USD News
GBP/USD stabilizes near 1.3300, looks to post strong weekly gains

GBP/USD stabilizes near 1.3300, looks to post strong weekly gains

GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains. 

GBP/USD News
Gold extends rally to new record-high above $2,610

Gold extends rally to new record-high above $2,610

Gold (XAU/USD) preserves its bullish momentum and trades at a new all-time high above $2,610 on Friday. Heightened expectations that global central banks will follow the Fed in easing policy and slashing rates lift XAU/USD.

Gold News
Week ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap

Week ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap

SNB is expected to ease for third time; might cut by 50bps. RBA to hold rates but could turn less hawkish as CPI falls. After inaugural Fed cut, attention turns to PCE inflation.

Read more
Bank of Japan set to keep rates on hold after July’s hike shocked markets

Bank of Japan set to keep rates on hold after July’s hike shocked markets

The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session. 

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures