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Grains Report – Monday, Dec. 4

Grains Report – Monday, Dec. 4

Image Source: Unsplash WHEAT General Comments: Wheat markets were higher again last week despite the poor demand potential for US Wheat. The weekly export sales report was bad once again last week and reports indicate that Ukraine is using Black Sea ports to load export Wheat. However, costs for transport of Ukraine Wheat are high and […]
Markets Might Have Outkicked The Coverage

Markets Might Have Outkicked The Coverage

Image Source: Pexels We opined on Friday that bond and stock traders appeared to listen rather selectively to Chairman Powell’s address. This morning’s reaction, where those markets have largely retraced Friday’s moves, seems more in line with the full tone of those comments. Our perspective was: In the market’s current mindset, the acknowledgment of a restrictive policy is […]
Nio Stock Price Forms A Falling Wedge Pattern Ahead Of Earnings

Nio Stock Price Forms A Falling Wedge Pattern Ahead Of Earnings

Image Source: Pexels Nio (NYSE: NIO) stock price has had a remarkable fall from grace. The shares plunged from its all-time high of $66.96 in January 2021 to a low of $7.01. Its total market cap has dropped from over $90 billion to $11.46 billion. It has lagged behind the performance of other Chinese EV companies […]
Tight Supply Fears In Food & Energy Ahead? The Corn & Ethanol Report

Tight Supply Fears In Food & Energy Ahead? The Corn & Ethanol Report

We kickoff the day with Factory Orders MoM and Factory Orders ex Transportation at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., Dairy Products at 2:00 P.m., and Total Vehicle Sales.Image Source: Unsplash On the Corn Front managed funds’ combined net short position in corn, Chicago wheat, soy & […]
China Stimulus Optimism Supports Iron Ore Prices

China Stimulus Optimism Supports Iron Ore Prices

Iron ore has been the best-performing industrial metal this year, with prices rising more than 17% year-to-date to November. We believe prices will be supported looking into 2024 amid optimism around China’s recovery and further support for the country’s property sector.Image Source: Pixabay Iron ore holds above $100/t in 2023 Iron ore prices have managed to […]
FTSE Opens The Week In The Red, As Commodity Weakness Weighs

FTSE Opens The Week In The Red, As Commodity Weakness Weighs

Image Source: Pexels On Monday, the FTSE 100 in the UK declined, primarily driven by losses in energy and mining stocks. These losses outweighed gains in other sectors, leading to a dip in the overall market. Investors’ attention started to shift towards the upcoming jobs data from the United States scheduled for later in the week. […]
Gold Price Forecast For December 2023

Gold Price Forecast For December 2023

During sharp rallies, it’s nearly impossible to convince investors that this move is about to end. And yet, that’s exactly what is likely.That is exactly what the GDXJ chart and the position of the RSI confirm. The RSI indicator moved well above the 70 level, and this is something that happens very rarely. I zoomed […]
Dow, Nasdaq Down Triple Digits Amid Gold Rally

Dow, Nasdaq Down Triple Digits Amid Gold Rally

Stocks are extending their morning losses, with the Dow Jones Industrial Average (DJI) and Nasdaq Composite Index (IXIC) sporting triple-digit losses this afternoon. The S&P 500 Index (SPX) is lower as well, as tech stocks struggle despite Wall Street last week wrapping up its best month of 2023. Bitcoin (BTC) and best month are in rally mode, however, with the former […]
Canadian Dollar Struggles To Hold Onto Recent Gains As U.S. Dollar Rebounds

Canadian Dollar Struggles To Hold Onto Recent Gains As U.S. Dollar Rebounds

Image Source: Unsplash The Canadian Dollar (CAD) pared back some of last week’s gains as the US Dollar (USD) sees a broad-market recovery on the back of renewed risk aversion. The Canadian Dollar is down roughly a third of a percent against the Greenback on Monday.Canada is absent from the economic calendar for the early half of the week, with […]
Gold Hits Record High: Is This A New Era?

Gold Hits Record High: Is This A New Era?

Image Source: Pixabay Overnight gold stunned markets by obliterating resistance levels and rocketing up to a new all-time high of $2,148.99. As well as a new level we might also have seen a new standard in volatility being set as the yellow metal experienced $100 intraday swings. This morning gold has calmed itself down a bit. But make […]