Financials: Dec. Bonds are currently 0'3 lower at 163'15, 10 Yr. Notes0'3 higher and 5 Yr. Notes 0'2.5 higher at 119'27.50. The market, for the most part, is unchanged for the week, although there was plenty of volatility. Trump tweets, Turkey, Syria, European growth slow down, possible German recession, China trade negotiations and broadly Central Bank negative rates has had traders daily switching from risk on to risk off and back again. I continue to have a bullish bias and remain a buyer on breaks. Long term resistance remains in the 167'00 area for the 30 Yr. Bond

Grains: Dec. Corn is 0'4 lower at 393'6, Nov. Beans 0'2 higher at 924'0 and Dec. Wheat 3'0 higher at 503'2. I have taken profits on long Dec. Corn positions slightly above the 380'0 level. If you remain long raise your protective sell stop to the 381'0 level. Crop production report today.

Cattle: Live and Feeder Cattle once again moved higher for the week. We went short Dec. LC in the 110.75 area once the Oct. contract traded above 107.00 .

Silver: Dec. Silver is currently 3 cents lower at 17.78, up about 20 cents for the week. Stay long.

S&P's: Dec. S&P's are 5.50 lower at 2913.0 after a volatile evening/early morning of which the market had a range of 2881.75 to 2923.50. Falling from the early session highs on speculation of a failure in trade negotiations with Chinese trade delegation. I continue to have a bearish bias and recommend selling rallies with stops above the 2948.00 level, which is slightly above the 2946.00 downside break out level. Currencies: I remain on the sidelines.

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD nears weekly highs as risk-on returns

The EUR/USD pair was dragged higher by a soaring Pound, now hovering around 1.1040. The market is all about sentiment, and this last dependent on Brexit and the US-China trade relationship.



GBP/USD surges to 5-month highs on reports of a draft Brexit deal

GBP/USD has leaped toward 1.28, hitting the highest since May. Reports suggest that the UK and the EU are zooming in on a deal. Details are awaited and negotiations continue.


USD/JPY in search of a firm direction, stuck in a range below mid-108.00s

The prevalent risk-on mood weighed on the JPY’s safe-haven status and extended support. A sharp fall in the US bond yields undermined the USD and failed to impress bullish traders.


Cryptos: Incumbents don't know to play well

The Libra project led by Facebook remains on track despite the first defections. Those who have abandoned the project are mostly payment gateways. Bitcoin's lack of tone weighs on Ethereum's mood.

Read more

Gold slumps to $1,480 area on Brexit hopes

The troy ounce of the precious metal continued to weaken in USD terms in the American trading hours as markets cheered reports claiming that the European Union (EU) and the United Kingdom (UK) are closing in on a draft Brexit deal that could be announced before the end of the day on Tuesday.

Gold News

Forex Majors