Financials: Sept. Bonds are currently unchanged at 154'24, 10 Yr. Notes0'015 higher at 127'13.0 and 5 Yr. Notes0'01.75 higher at 127'24.5. The Dec.19/Dec.20 Eurodollar spread is currently at 36 points premium the Dec.20 contract. All things considered, not much change from last week. Perception now affords a possibility of a 50 basis point rate cut by the pundits who see impending weakness. I still feel that a 0.25% is pretty much in the market and remain short the 5 Yr. Note and still holding the aforementioned Eurodollar spread. The wild card is China whose economy has been slowing for some time and has shown the least amount of growth in 20+ years. They are also slowing their purchasing of U.S. debt instruments.

Grains: Dec. Corn is currently 8'2 lower at 433'2, Nov. Beans 5'6 lower at 895'2 and Dec. Wheat 6'2 lower at 511'0. Is the Bull dead in Corn? I don't think so, but I do have lowered expectations. I will be a buyer in Dec. Corn in the 415'0-430'0 area.

Cattle: Live and Feeder Cattle have declined over the past few sessions, due mainly to expensive feed. Now that Corn has broken 30+ cents since Sunday evening I feel prices will improve. My objective of 110.00 for Oct. LC was reached last week. I'm a buyer below 107.25.

Silver: Sept. Silver is currently 19 cents higher at 16.165. we are staying long and raising protective stops to 15.170.

S&P's: Sept. S&P's are 1.00 lower at 2984.00. Treat as a trading affair between 2962.00 and 3003.00, down from last week's range of 2977-3008.

Currencies: As of this writing the Sept. Euro is 8 lower at 1.12690, the Yen18 higher at 0.93115, the Pound 48 higher at1.2521 and the Dollar Index 0.028 lower at 96.825. We remain short the D.I. from 96.50 with a 150 point initial stop. Should the market trade below 96.25, lower your stop to 97.25

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 rising after upbeat German PMI data

EUR/USD is trading around 1.1100, up on the day. German manufacturing PMI surprised with 43.6 and other figures also beat expectations. The ECB minutes are next.


GBP/USD stabilizing above 1.2100 ahead of the Johnson-Macron meeting

GBP/USD is trading above 1.2100, steady. After German Chancellor Merkel offered UK PM Johnson 30 days to solve the Irish Backstop problem, Johnson meets French President Macron.


USD/JPY: Weaker below 106.50, focus on T-yields ahead of Powell

USD/JPY trades weaker below the 106.50 level, tracking the negative S&P 500 futures and a cautious sentiment on the Asian equities, as attention shifts from the FOMC minutes to the Fed's Powell speech for fresh direction. 


USD/CNH: Rallies, confirms falling channel breakout

Another wave of CNH selling could soon hit the market as the pair technical charts are reporting a bullish breakout. For instance, the pair has jumped 0.22% to levels above 7.08 today, confirming an upside break of the falling channel on the 4H chart.

Read more

Gold: Trapped in a symmetrical triangle

Gold is trapped in a narrowing price or a symmetrical triangle pattern, according to the 4-hour chart. The yellow metal rose to a six-year high of $1,353 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.

Gold News