Saturday, December 31, 2011
Friday, December 30, 2011
Thursday, December 29, 2011
Wednesday, December 28, 2011
Sunday, December 25, 2011
Friday, December 23, 2011
Thursday, December 22, 2011
Monday, December 19, 2011
Sunday, December 18, 2011
turn-around?
History Repeats Itself
There have been a number of market wrenching events over the last 15 years. All of them have been different, but the results were always the same: Every major crisis over the last 15 years has followed a strikingly similar (and profitable) pattern.
The Asian currency crisis in 1997 started off just like everything else. The markets were humming along... Then there’s the whiff of a large problem, which got progressively worse as investors figured out what was really going on. Investors sold in a panic as the problems appeared “systemic.” Then the central banks stepped in, papered over it...
All the extra cash floating around found a home somewhere and a new bubble or bull market is born.
The Russian debt crisis of 1998 followed a similar route. It was unexpected, posed systemic risks, and caused a lot of fear and aggressive selling.
The end result was the same: The coordinated central bank actions to prevent a global economic catastrophe simply papered over the problem.
These two events and the central banks’ aggressive responses laid the foundation for the dot-com bubble that followed. And when that bubble burst, it was no different
The downturn stemming from the dot-com bust sunk the markets. Central banks stepped in, slashed interest rates, and papered over any problems. The housing bubble and Dow 14,000 were the inevitable results.
The Euro crisis is shaping up to have similar ending.
And it means 2012 could be surprising strong. In fact, one indicator says the worst is likely behind us...
VIX Marks the Bottom
The CBOE Volatility Index, aka “the VIX” or the “Fear Index,” is one of the most useful market indicators ever devised.
Since it directly measures the market demand for “insurance” against a market crash, it directly tracks the levels of fear in a market.
The image below tracks the VIX over the last 15 years.
It shows how it has marked the bottom of each major crisis and when a major turnaround for stocks began:
As you can see, each spike in fear levels came precisely at times when stocks would take off.
Friday, December 16, 2011
Thursday, December 15, 2011
Tuesday, December 13, 2011
Sunday, December 11, 2011
Saturday, December 10, 2011
Friday, December 9, 2011
Thursday, December 8, 2011
Wednesday, December 7, 2011
Sunday, December 4, 2011
Saturday, December 3, 2011
The sanctions imposed on Iran
12/03/2011
The latest round of sanctions imposed on Iran. The tension further intensified on Wednesday when Britain ordered Iran to close its embassy in London.
And with this situation, things could get ugly — and fast.
The biggest concern isn't over disrupting Iran's oil production.
The country only pumped about 3.6 million barrels per day last month. Replacing that supply would make an already tight market tighter, but it could be done.
No, we're more worried about a tiny waterway roughly 34 miles wide...
Flowing between Iran and Oman is the Strait of Hormuz, which connects the Persian Gulf with the rest of the world.
It's the most critical choke point in the world, through which travel nearly 16 million barrels of oil on a daily basis — or roughly 17% of the world's oil supply (not to mention all the liquefied natural gas exports from Qatar).
Whether or not the threat of military action taking place is justified, it's enough for certain OPEC countries to look for alternate shipping routes.
And OPEC members aren't the only ones with cause for concern.
About 75% of crude exports shipped through the Strait of Hormuz have one destination in mind: Asian markets — including Japan, India, and China.
It's no wonder China is pumping billions of dollars into less risky oil-producing regions, especially considering China's oil demand is growing at a feverish pace.
The latest round of sanctions imposed on Iran. The tension further intensified on Wednesday when Britain ordered Iran to close its embassy in London.
And with this situation, things could get ugly — and fast.
The biggest concern isn't over disrupting Iran's oil production.
The country only pumped about 3.6 million barrels per day last month. Replacing that supply would make an already tight market tighter, but it could be done.
No, we're more worried about a tiny waterway roughly 34 miles wide...
Flowing between Iran and Oman is the Strait of Hormuz, which connects the Persian Gulf with the rest of the world.
It's the most critical choke point in the world, through which travel nearly 16 million barrels of oil on a daily basis — or roughly 17% of the world's oil supply (not to mention all the liquefied natural gas exports from Qatar).
Whether or not the threat of military action taking place is justified, it's enough for certain OPEC countries to look for alternate shipping routes.
And OPEC members aren't the only ones with cause for concern.
About 75% of crude exports shipped through the Strait of Hormuz have one destination in mind: Asian markets — including Japan, India, and China.
It's no wonder China is pumping billions of dollars into less risky oil-producing regions, especially considering China's oil demand is growing at a feverish pace.
Friday, December 2, 2011
Market Survey on 12/02/2011
Market Survey on 12/02/2011
Events:
Employment Situation (Released on 12/2/2011 8:30:00 AM For Nov, 2011)
Prior
Prior Revised
Consensus
Consensus Range
Actual
Nonfarm Payrolls - M/M change: 80,000 (Prior) < 120,000 (Prior revised); 131,000 (Consensus); 90,000 to 175,000 (consensus range); > 120,000 (actual);
Unemployment Rate – Level: 9.0 %(prior) = 9.0 % (consensus) ; 9.0 % to 9.1 % (actual) >8.6 % (actual)
Average Hourly Earnings - M/M change: 0.2 %(prior) < 0.3 % (prior revised); 0.2 % (consensus) 0.1 % to 0.2 % (range) > -0.1 % (actual)
Av Workweek - All Employees: 34.3 hrs(prior) = 34.3 hrs (consensus) ; 34.3 hrs to 34.4 hrs (range) =34.3 hrs (actual)
Private Payrolls - M/M change: 104,000 (prior) < 117,000 (prior revised) < 150,000 (consensus); 115,000 to 190,000 (range) > 140,000 (actual)
Nonfarm payrolls unchange from prior revised, and gain from prior 80000, but less than consensus.
Unemployment rate fall 0.4% from 9.0%. Hourly earnings reduced –0.1%, less than prior gain and expectation. Private payrolls gains 40,000, but 10,000 less than expectation.
Overall the actually data is improving from previous month, though the hourly earning falls which is actually good for economy, but cut the cost and improve the productivity. Though less than the expectation.
In the private sector, goods-producing jobs slipped 6,000 after a 4,000 decrease in October and 36,000 boost in September. Construction jobs fell 12,000 in October after decreasing 15,000 the month before. Manufacturing employment edged up 2,000 after a 6,000 rise in October. Mining increased 2,000, following a 6,000 rise the prior month.
Private service-providing jobs advanced 146,000 in November, following a 121,000 gain the prior month. The November increase was led by trade & transportation (up 58,000), professional & business services (up 33,000), leisure & hospitality (up 22,000), health care (up 12,000). The temp help subcomponent of professional & business services rose 22,000 after a 16,000 gain.
The public sector continued to decline as government employment decreased 20,000, following a 17,000 drop in October.
Wage growth has been volatile recently as average hourly earnings in November slipped 0.1 percent, following an upwardly revised 0.3 percent gain the month before. Analysts predicted a 0.2 percent increase for November. On average, wage growth has been growing but at an anemic pace. Given the upward revision to October, the November dip should not been so disconcerting. Still, the uptrend is modest. The average workweek for all workers in November was unchanged at 34.3 hours, matching the market median forecast.
From the household survey, the unemployment rate unexpectedly dropped to 8.6 percent from 9.0 percent in October. The consensus forecast called for 9.0 percent. The rate decline reflected a 594,000 fall in the number of unemployed and a 278,000 increase in household employment. Basically, the unemployment rate fell largely due to a decline in the participation rate although household employment growth recently continues to exceed payroll jobs growth by a notable degree.
Overall, the latest employment report is favorable for the recovery continuing to gain traction. On the news, equity futures edged down as expectations were slightly stronger for payroll data and the unemployment rate dip was discounted.
Market reaction:
The equity market pulled back today from high, this should be a just temporary pullback to discount the overexpected job market.
The Monster employment index fell four points in November to 147 to indicate a slowing in online recruitment. Mining shows a sharp decrease as does retail and arts & entertainment. The data are not seasonally adjusted.
Stocks
U.S. stocks finished mixed, with a slight loss for the Dow Jones Industrial Average and a slight gain for the Nasdaq Composite as gains stuck from earlier in the week prompted by central bank interventions to the euro crisis. A sharp drop in the U.S. unemployment rate was offset by slower than expected jobs growth.
Treasurys
Worries over the euro zone's sovereign debt crisis resurfaced on Friday, and the flight to safety pushed up Treasury bond prices for the first time this week. Treasurys initially sold off on some positive signals from the latest US non-farm jobs data, sending the benchmark 10-year yield to hit 2.167%, the highest level since the end of October. But fresh buyers quickly swooped in to scoop up bonds at cheaper levels, a move that continues to underscore that the uncertainty about the euro zone easily overrides improving US data that has diluted significantly the risk of a recession.
Forex
Renewed fears about Europe's debt crisis hit the euro Friday, squelching a rally touched off by constructive U.S. payrolls data. A
rumors of an imminent downgrade of Spain's sovereign credit rating swirled, analysts also cited a report on The Hill.com's website that Congressional Republicans would seek to block any U.S. funds from contributing to a potential infusion of cash into the euro zone by the International Monetary Fund.
The dollar ended firmer against the euro to end the week at $1.3400.
Gold ended little changed on the day at just under $1,750 with light crude up $1 to $101.
Next weeks talking points (via Scottrader news letter)
Consumer Sentiment, ISM Services, Trade Data Due
The Thomson Reuters/University of Michigan index of consumer sentiment for early December is scheduled to be reported Friday. The gauge of consumer sentiment reached 64.1 in the final reading for November from 60.9 in October.
After finding surprising growth in the manufacturing sector this week, the Institute for Supply Management will report the results of its services sector survey on Monday. The latest monthly ISM non-manufacturing purchasing managers index is expected by economists to show a reading of 53.5, which is an improvement on the prior month's reading of 52.9. Any number above 50 indicates most survey respondents believed their business was expanding.
The Commerce Department releases the October trade balance Thursday. The U.S. trade deficit shrank unexpectedly in September, fueled by record-level exports and a sharp drop in trade from the debt-beleaguered euro area.
European Leaders To Discuss Fiscal Integration
European Union leaders will meet Friday in Brussels to discuss euro-zone fiscal integration and potential plans to change European Union treaties.
"We are going to Brussels with the intention to change the EU treaty," German Chancellor Angela Merkel said in a speech Friday. "The goal is a fiscal union that enforces both fiscal discipline in its members and has the necessary instruments to effectively handle a crisis."
Merkel will meet with French President Nicolas Sarkozy on Monday to prepare a package of proposals to strengthen euro-zone stability rules that will include a proposal to change the European Union treaty to give European institutions intervention rights into national budgets as a way to contain the current debt crisis.
Geithner To Meet European Leaders
U.S. Treasury Secretary Timothy Geithner is set to meet with euro-zone leaders Tuesday through Thursday to discuss efforts to resolve the continent's debt crisis, the Treasury Department said Friday.
Geithner plans to meet with European Central Bank President Mario Draghi, Bundesbank President Jens Weidmann and German Finance Minister Wolfgang Schaeuble in Berlin on Tuesday. On Wednesday, Geithner will meet with Sarkozy and France's Finance Minister Francois Baroin and Spain's Prime Minister-elect Mariano Rajoy Brey. On Thursday, Geithner moves on to Milan for a meeting with Italy's President of the Council of Ministers and Minister of Economy and Finance Mario Monti.
Thursday, December 1, 2011
Market Survey on 12/01/2011
Pre-Market Survey on 12/01/2011
Today’s Events:
1. 8:30 am. Initial Claims increases against previous and expectation, avg also tick up. Continuing claims in data for the November 19 week rose 35,000 to 3.740 million which is the highest level in two months.
Released on 12/1/2011 8:30:00 AM For wk11/26, 2011
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 393 K 396 K 391 K 385 K to 405 K 402 K
4-week Moving Average - Level 394.25 K 392.25 K 395.75 K
New Claims - Change 2 K 4 K 6 K
2. Manufacturing index rises. ISM new orders are turning higher in what is very good news for the manufacturing sector. The new orders index for November is up a very strong 4.3 points to 56.7, above 50 to indicate monthly growth and well above October. Details show acceleration for export orders and for production. Delivery times are little changed while input prices slipped for a second month. Backlog orders are going down which is a negative that will hopefully be offset by the rise in new orders. Another disappointment is employment where hiring slowed, here too a factor that will hopefully reverse. Inventory readings are stable.
Released on 12/1/2011 10:00:00 AM For Nov, 2011
Prior Consensus Consensus Range Actual
ISM Mfg Index - Level 50.8 51.5 50.5 to 52.5 52.7
3. Construction outlays rises.
Construction Spending
Released on 12/1/2011 10:00:00 AM For Oct, 2011
Prior Consensus Consensus Range Actual
Construction Spending - M/M change 0.2 % 0.3 % -0.4 % to 0.5 % 0.8 %
4. Manufacturing activity in China shrank in November for the first time in nearly three years, while output elsewhere in Asia also softened, raising questions about the region's ability to drive the global economy amid sluggish demand from the West.. "Weakening external demand, specifically the rapid deterioration in the euro-area growth outlook and its possible impact on global growth, is the biggest risk facing the Chinese economy," wrote analysts at Barclays Capital in a note to clients.
5. The euro zone's manufacturing sector contracted at a faster rate in November, with production and new orders falling at the strongest rate since the height of the credit crunch in 2009, a monthly survey by Markit showes.
6. Spain Auction Reassures As France Finishes 2011 Bond Issuance. The Spanish Treasury sells the maximum targeted EUR3.75 billion in three non-benchmark government bonds at an auction, but pays higher yields than at previous auctions.
7. ECB's Draghi Rules Out Unlimited Bond Buys
8. Germany supports European Union treaty changes and recognizes they would involve sacrificing some national sovereignty, but still opposes any form of euro-zone bonds, German Economy Minister Philipp Roesler says in a speech
9. Finance Ministers Agree To EU Debt Guarantees
EU finance ministers agreed to a plan for coordinated guarantees provided by national governments for longer-term debt issued by the region's banks, part of an effort to thaw the region's frozen wholesale lending market.
Market reactions:
Nikkei 8,602.47 +5.09 +0.06%
TOPIX 740.37 +0.36 +0.05%
Hang Seng 18,895.60 -106.68 -0.56%
S&P/ASX 200 4,251.50 +22.90 +0.54%
Shanghai 2,352.52 -34.34 -1.44%
Dow 12,020.00 -25.65 -0.21%
S&P 500 1,244.58 -2.38 -0.19%
Nasdaq 2,626.20 +5.86 +0.22%
S&P/TSX 12,113.30 -90.82 -0.74%
Mexico Bolsa 36,567.60 -261.52 -0.71%
Brazil Bovespa 58,143.40 +1268.44 +2.23%
Commodity:
Energy
PRICE* CHANGE % CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 109.300 0.310 0.28% 22:51
GAS OIL FUT (ICE) (USD/MT) 945.000 6.750 0.72% 22:53
HEATING OIL FUTR (USd/gal.) 300.020 3.070 1.03% 22:51
NATURAL GAS FUTR (USD/MMBtu) 3.648 0.000 0.00% 22:44
GASOLINE RBOB FUT (USd/gal.) 260.970 5.180 2.03% 22:47
WTI CRUDE FUTURE (USD/bbl.) 100.060 -0.140 -0.14% 22:53
Agriculture
PRICE* CHANGE % CHANGE TIME
CANOLA FUTR (WCE) (CAD/MT) 500.000 0.100 0.02% 20:34
COCOA FUTURE - LI (GBP/MT) 1,460.000 -5.000 -0.34% 12/01
COCOA FUTURE (USD/MT) 2,287.000 -18.000 -0.78% 12/01
COFFEE 'C' FUTURE (USd/lb.) 235.700 -1.200 -0.51% 12/01
CORN FUTURE (USd/bu.) 602.250 0.750 0.12% 22:48
COTTON NO.2 FUTR (USd/lb.) 91.380 0.080 0.09% 22:46
FCOJ-A FUTURE (USd/lb.) 177.250 1.150 0.65% 12/01
WHEAT FUTURE(CBT) (USd/bu.) 616.750 2.500 0.41% 22:50
WHEAT FUTURE(KCB) (USd/bu.) 672.750 3.750 0.56% 22:40
SUGAR #11 (WORLD) (USd/lb.) 23.590 -0.100 -0.42% 12/01
SOYBEAN FUTURE (USd/bu.) 1,130.750 2.750 0.24% 22:50
LUMBER FUTURE (USD/1000 board feet) 222.400 2.800 1.28% 22:25
OAT FUTURE (USd/bu.) 318.500 -1.500 -0.47% 22:25
ROUGH RICE (CBOT) (USD/cwt) 14.815 0.040 0.27% 22:12
SOYBEAN MEAL FUTR (USD/T.) 288.900 -0.100 -0.03% 22:47
SOYBEAN OIL FUTR (USd/lb.) 49.710 0.010 0.02% 22:48
WOOL FUTURE (SFE) (cents/kg) 1,355.000 15.000 1.12% 12/01
Industrial Metals
PRICE* CHANGE % CHANGE TIME
COPPER FUTURE (USd/lb.) 353.950 0.550 0.16% 22:53
Precious Metals
PRICE* CHANGE % CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 1,745.100 5.300 0.30% 22:55
HKMEx GOLD (USD/t oz.) 1,746.100 -5.900 -0.34% 22:50
SILVER FUTURE (USD/t oz.) 32.780 0.021 0.06% 22:55
HKMEx SILVER (USD/t oz.) 33.520 0.000 0.00% 22:18
Livestock
PRICE* CHANGE % CHANGE TIME
LIVE CATTLE FUTR (USd/lb.) 124.500 0.775 0.63% 22:44
CATTLE FEEDER FUT (USd/lb.) 146.425 0.325 0.22% 22:14
LEAN HOGS FUTURE (USd/lb.) 90.400 0.125 0.14% 22:43
FOREX (http://www.dailyfx.com/technical_analysis/pivot_points/)
Candlestick Summary
Currency Last Formation Trend Bias
EUR/USD EVENING STAR bearish
USD/JPY
GBP/USD BEARISH ENGULFING bearish
AUD/USD INVERTED HAMMER bullish
USD/CAD HARAMI bearish
NZD/USD INVERTED HAMMER bullish
Today’s Events:
1. 8:30 am. Initial Claims increases against previous and expectation, avg also tick up. Continuing claims in data for the November 19 week rose 35,000 to 3.740 million which is the highest level in two months.
Released on 12/1/2011 8:30:00 AM For wk11/26, 2011
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 393 K 396 K 391 K 385 K to 405 K 402 K
4-week Moving Average - Level 394.25 K 392.25 K 395.75 K
New Claims - Change 2 K 4 K 6 K
2. Manufacturing index rises. ISM new orders are turning higher in what is very good news for the manufacturing sector. The new orders index for November is up a very strong 4.3 points to 56.7, above 50 to indicate monthly growth and well above October. Details show acceleration for export orders and for production. Delivery times are little changed while input prices slipped for a second month. Backlog orders are going down which is a negative that will hopefully be offset by the rise in new orders. Another disappointment is employment where hiring slowed, here too a factor that will hopefully reverse. Inventory readings are stable.
Released on 12/1/2011 10:00:00 AM For Nov, 2011
Prior Consensus Consensus Range Actual
ISM Mfg Index - Level 50.8 51.5 50.5 to 52.5 52.7
3. Construction outlays rises.
Construction Spending
Released on 12/1/2011 10:00:00 AM For Oct, 2011
Prior Consensus Consensus Range Actual
Construction Spending - M/M change 0.2 % 0.3 % -0.4 % to 0.5 % 0.8 %
4. Manufacturing activity in China shrank in November for the first time in nearly three years, while output elsewhere in Asia also softened, raising questions about the region's ability to drive the global economy amid sluggish demand from the West.. "Weakening external demand, specifically the rapid deterioration in the euro-area growth outlook and its possible impact on global growth, is the biggest risk facing the Chinese economy," wrote analysts at Barclays Capital in a note to clients.
5. The euro zone's manufacturing sector contracted at a faster rate in November, with production and new orders falling at the strongest rate since the height of the credit crunch in 2009, a monthly survey by Markit showes.
6. Spain Auction Reassures As France Finishes 2011 Bond Issuance. The Spanish Treasury sells the maximum targeted EUR3.75 billion in three non-benchmark government bonds at an auction, but pays higher yields than at previous auctions.
7. ECB's Draghi Rules Out Unlimited Bond Buys
8. Germany supports European Union treaty changes and recognizes they would involve sacrificing some national sovereignty, but still opposes any form of euro-zone bonds, German Economy Minister Philipp Roesler says in a speech
9. Finance Ministers Agree To EU Debt Guarantees
EU finance ministers agreed to a plan for coordinated guarantees provided by national governments for longer-term debt issued by the region's banks, part of an effort to thaw the region's frozen wholesale lending market.
Market reactions:
Nikkei 8,602.47 +5.09 +0.06%
TOPIX 740.37 +0.36 +0.05%
Hang Seng 18,895.60 -106.68 -0.56%
S&P/ASX 200 4,251.50 +22.90 +0.54%
Shanghai 2,352.52 -34.34 -1.44%
Dow 12,020.00 -25.65 -0.21%
S&P 500 1,244.58 -2.38 -0.19%
Nasdaq 2,626.20 +5.86 +0.22%
S&P/TSX 12,113.30 -90.82 -0.74%
Mexico Bolsa 36,567.60 -261.52 -0.71%
Brazil Bovespa 58,143.40 +1268.44 +2.23%
Commodity:
Energy
PRICE* CHANGE % CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 109.300 0.310 0.28% 22:51
GAS OIL FUT (ICE) (USD/MT) 945.000 6.750 0.72% 22:53
HEATING OIL FUTR (USd/gal.) 300.020 3.070 1.03% 22:51
NATURAL GAS FUTR (USD/MMBtu) 3.648 0.000 0.00% 22:44
GASOLINE RBOB FUT (USd/gal.) 260.970 5.180 2.03% 22:47
WTI CRUDE FUTURE (USD/bbl.) 100.060 -0.140 -0.14% 22:53
Agriculture
PRICE* CHANGE % CHANGE TIME
CANOLA FUTR (WCE) (CAD/MT) 500.000 0.100 0.02% 20:34
COCOA FUTURE - LI (GBP/MT) 1,460.000 -5.000 -0.34% 12/01
COCOA FUTURE (USD/MT) 2,287.000 -18.000 -0.78% 12/01
COFFEE 'C' FUTURE (USd/lb.) 235.700 -1.200 -0.51% 12/01
CORN FUTURE (USd/bu.) 602.250 0.750 0.12% 22:48
COTTON NO.2 FUTR (USd/lb.) 91.380 0.080 0.09% 22:46
FCOJ-A FUTURE (USd/lb.) 177.250 1.150 0.65% 12/01
WHEAT FUTURE(CBT) (USd/bu.) 616.750 2.500 0.41% 22:50
WHEAT FUTURE(KCB) (USd/bu.) 672.750 3.750 0.56% 22:40
SUGAR #11 (WORLD) (USd/lb.) 23.590 -0.100 -0.42% 12/01
SOYBEAN FUTURE (USd/bu.) 1,130.750 2.750 0.24% 22:50
LUMBER FUTURE (USD/1000 board feet) 222.400 2.800 1.28% 22:25
OAT FUTURE (USd/bu.) 318.500 -1.500 -0.47% 22:25
ROUGH RICE (CBOT) (USD/cwt) 14.815 0.040 0.27% 22:12
SOYBEAN MEAL FUTR (USD/T.) 288.900 -0.100 -0.03% 22:47
SOYBEAN OIL FUTR (USd/lb.) 49.710 0.010 0.02% 22:48
WOOL FUTURE (SFE) (cents/kg) 1,355.000 15.000 1.12% 12/01
Industrial Metals
PRICE* CHANGE % CHANGE TIME
COPPER FUTURE (USd/lb.) 353.950 0.550 0.16% 22:53
Precious Metals
PRICE* CHANGE % CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 1,745.100 5.300 0.30% 22:55
HKMEx GOLD (USD/t oz.) 1,746.100 -5.900 -0.34% 22:50
SILVER FUTURE (USD/t oz.) 32.780 0.021 0.06% 22:55
HKMEx SILVER (USD/t oz.) 33.520 0.000 0.00% 22:18
Livestock
PRICE* CHANGE % CHANGE TIME
LIVE CATTLE FUTR (USd/lb.) 124.500 0.775 0.63% 22:44
CATTLE FEEDER FUT (USd/lb.) 146.425 0.325 0.22% 22:14
LEAN HOGS FUTURE (USd/lb.) 90.400 0.125 0.14% 22:43
FOREX (http://www.dailyfx.com/technical_analysis/pivot_points/)
Candlestick Summary
Currency Last Formation Trend Bias
EUR/USD EVENING STAR bearish
USD/JPY
GBP/USD BEARISH ENGULFING bearish
AUD/USD INVERTED HAMMER bullish
USD/CAD HARAMI bearish
NZD/USD INVERTED HAMMER bullish
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