London Stocks Ends Dn Though Off Session Lows

FTSE 100 ends down 0.1% at 5885.38, though it manages to pare losses in the latter part of the session following better-than-expected US economic data. “US economic data has yet again overshadowed the continuing drama in Europe,” says broker, although he admits this trend could be short-lived as Greece comes closer to its EUR14.4B loan repayments due Mar. 20. Continue Reading…

(1710,40) GOLD failed to move above 1740 plunging instead directly lower. A daily closing tonight below 1706,40 will be negative for this contract suggesting a drop toward the 200 days line at 1662,20. The indicators of the daily chart are still positive but a weak closing tonight will turn them negative. Continue Reading…

March crude oil prices trended lower throughout the overnight and early morning hours, pressured by a weak outside market tone. Fresh concerns that Greece could face a potential debt default, disappointing foreign direct investment data in China and reports that Moody’s could downgrade ratings on 17 major investment banks has soured the mood. Continue Reading…

May wheat was trading 1 cent lower late in the overnight session but this was up more than 4 cents from the overnight lows. Outside market forces look negative for grain markets today with a strong US dollar and weakness in metal and equity markets. Continue Reading…

Treasury prices sit just under this week’s highs in the early Thursday US trade action. From a global perspective there appears to be a lot of macro economic doubt in the headlines and that supportive angle was accentuated by a lack of progress on the situation in Greece. Continue Reading…

Like gold, the silver market has started the Thursday US trade out on a weaker footing and in the process the March silver contract has reached the lowest price level since January 31st. In addition to renewed fears of slowing from Chinese trade figures overnight, the markets also seem to be a little disappointed with recent US economic data flows. Continue Reading…

March natural gas prices had a negative reversal yesterday, but continue to hold up within a larger consolidation pattern. The same set of fundamental factors continues to weigh over the natural gas market, which include warmer than expected weather forecasts in key US demand areas in the face of near record supply and a record production pace. Continue Reading…

The coffee market has finally found some footing this morning but is looking up at huge losses sustained over the past week. At yesterday’s lows, coffee prices had lost more than 10% in value over that period and may have been due for a profit-taking “bounce”. Continue Reading…

(1337,00)The S&P confirmed a quick 1358 overshooting before however plunging lower forming a negative day reversal. A daily closing tonight below 1338,20 will confirm a s/t top favouring a deeper correction. Continue Reading…

May soybeans were trading down 6 cents late in the overnight session. China futures closed down 0.4% overnight and palm oil futures in Malaysia closed down 0.4%. Asian equity markets were weaker overnight off news that Chinese trade numbers might signal further slowing. Continue Reading…