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 The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Lower
Marc Nemenoff I PRICE Group - 03 September 2010
Financials: Sept. Bonds are currently 1’29 lower at 130’20. This mornings Employment Report showed a decline in non-farm payrolls of 54K versus expectations of a decline of 120K. The market movement speaks for itself, the report was favorable for the economy and negative to Bonds. The long 10 Yr. Note/ short Bond spread is now at 6’29 premium the Bonds. I recommend liquidating this spread position and standing aside until next week. ... read more  The Energy Report - Welcome To September!
Phil Flynn I PFGBEST - 03 September 2010
Forget all of that economic doom and gloom because that was so August! September has come and hope is rising. Maybe, just maybe, things were not as bad as it seemed and maybe having total petroleum supplies at all time highs really does not matter. You see in a world where the Fed always has your back it might be wise to not get to pessimistic. Remember the Fed has the printing press and they have promised to use it if needed. Of course oil had other scares to worry about. ... read more  Daily Forex Update: USD/CHF
autochartist.com - 03 September 2010
The downtrend on the USD/CHF continues. Downtrends present three possible entry opportunities: continuation, correction, or reversal. Due to the downtrend’s strength it’s very likely that a continuation and/or a correction (also known as a Retracement) will occur. The decision to focus on more selling pressure comes primarily from the Channel Down pattern alert, though also from the seven-bar Autochartist Initial Trend reading that accompanies it. The Initial Trend reading signals that significant bearish momentum remains behind the price action. ... read more Daily Commodities Update: Silver
autochartist.com - 03 September 2010
After a brief correction lower on August 30, Silver was able to continue its climb higher after buying support was found along 19.33 and prior resistance at 19.52 was broken. The acceleration higher shows that the bulls are ready to challenge the May 13 high—also a one-year high—at 19.84. The momentum that might accompany a break of such a psychological level could attract even more buying momentum. ... read more  Daily Fundamental Analysis - Good Day For Risk Management
bforex Research - 03 September 2010
The USD traded in range yesterday as the broad markets turned in tentative results as investors await today’s Non Farm Employment Change numbers from the States. The weekly Unemployment Claims almost hit the estimated mark head on Thursday, but the Factory Orders in the U.S. were weaker. Today’s jobless number is forecasted to be minus -101k, slightly better than the previous month’s (if job loss can be called better). Investors will be primed for any surprises, but taking into context that we are entering a holiday weekend in the States the question may become – who will be around to take advantage of the outcome? ... read more  The Grain Report - Three Days
Tim Hannagan I PFGBEST - 02 September 2010
We're at a very interesting point of the year in grains. Harvest is beginning so were equally hearing as much bullish yield news as bearish. The Bears talk of the miracle Of biogenetic seeds while the Bulls look at the weather being too hot and dry in the southern Delta and Eastern Grain belt to see anything other than lower yields. All the weekly crop condition reports each Monday now go to the sidelines as funds look to the harvest for final crop variances. Next week all attention turns to the Friday, September 10 U.S.D.A. monthly crop report. ... read more The Nemenoff Report - Bonds Lower, S&P's Higher, Silver Higher
Marc Nemenoff I PRICE Group - 02 September 2010
Financials: Dec. Bonds are currently 11 lower at 132’27. The long 10 Yr. Note/ short Bond spread is currently at 8’06 premium the Bonds on the Dec. contract. A liitle history on this trade: We are currently losing about $1000 since we originally put this spread on a few weeks ago in Sept. contract and then rolling it into Dec. This mornings weekly report on Initial Unemployment Claims showed a decline of 7,000 versus a pre-report estimate of down 3,000. This is not exactly good news for the economy but better than expected. Near term support for Dec. Bonds is currently 132’08 and resistance 134’06. ... read more The Energy Report - ISM Into The Wild Blue Yonder Flying High Into The Sky
Phil Flynn I PFGBEST - 02 September 2010
Where the heck did that come from? The Institute for Supply Management gave the market just what the doctor ordered with a shocking good reading on manufacturing. Why was it so shocking?
Well some of the regional manufacturing reports like the Philly Fed and the Empire State numbers were so lousy. Maybe the Chicago Purchasing Manger report should have given a clue but instead of lousy we go the first increase in four months with an expansive jump to 56.3, ... read more Daily Forex Update: AUD/USD
autochartist.com - 02 September 2010
The AUD/USD rallied from 0.8911 to the current level of 0.9107 by the end of Wednesday’s session. This steep ascent was the result of the Australian Dollar’s strength versus a very weak U.S. Dollar as U.S. equities rallied throughout the trading day.
The Triangle breakout from 0.9020 pushed the AUD/USD higher towards prior resistance at 0.9080; this was quickly broken as the bulls continued to rally the pair through the “big figure” of 0.9100, ... read more |
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