Financials: Dec. Bonds are currently (5:00 am) unchanged at 130^20, 10 Year down 15 at 113^24 and the 5 Year down 15 at 108^12, Yesterday the Fed raised rates by 0.75% as expected, The result of which was a further widening of the yield curve in favor of the 2 Year note which is now yielding 4.06% almost 0.50% premium to the 10 Year. Comments by Chairman Powell lead us to believe there will be another rate hike in Nov. Suppo rt was tested below the 129^15 level and held in Dec. Bonds. Resistance is now 123^00.

Near term support

Grains: Dec. Corn is 2^2  at 688^0 and Nov. Beans 9 cents higher at 1470^0. Trends are up as we get close to harvest despite the recent sell-off. Support in Dec. Corn is 663^0 and resistance 706^0. Support in Beans is currently 1422^0 and resistance 1510^0.

Cattle: Yesterday Oct. LC closed 43 lower at 145.87 and Oct. FC 80 lower at 179.33. AS long as Corn remains in an uptrend I retain a negative bias particularly to Feeder Cattle. Near-term support for Oct. LC iis 144.30 and resistance 146.50’.

Silver: Dec. Silver is currently 9 cents higher at 19.57. Short-term trend is up, long term remains down with resistance at 20.12.

S&P: S&P is 7.00 higher at 3813,00. Support is 3730.00 and resistance 3950.00 for the near term. Trend remains down.

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

USD/JPY pops and drops on BoJ's expected hold

USD/JPY pops and drops on BoJ's expected hold

USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.  

USD/JPY News
AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD attacks 0.6800 in Friday's Asian trading, extending its gradual retreat after the PBOC unexpectedly left mortgage lending rates unchanged in September. A cautious market mood also adds to the weight on the Aussie. Fedspeak eyed. 

AUD/USD News
Gold consolidates near record high, bullish potential seems intact

Gold consolidates near record high, bullish potential seems intact

Gold price regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's decision to start the policy easing cycle with an oversized rate cut.

Gold News
Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

In its Consensus Layer Call on Thursday, Ethereum developers decided to split the upcoming Pectra upgrade into two batches. The decision follows concerns about potential risks in shipping the previously approved series of Ethereum improvement proposals.

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