London Stocks End Down After Greek Talks Fail

FTSE 100 closes 0.5% lower at 5437.62, following its European peers into the red after talks among Greek politicians end in failure and fresh elections loom. “This throws another spanner in the euro-zone works and takes Greece one step closer to waving goodbye to the single currency,” warns Angus Campbell at Capital Spreads. Continue Reading…

July soybeans were trading 21 1/4 cents higher late in the overnight session. China futures closed down 0.7% overnight as the European situation helped keep the bears in control. Palm oil futures in Malaysia closed up 2.4%. The Hong Kong market overnight managed a positive session after a long string of recent losses. Continue Reading…

Like gold, July silver managed another fresh new low for the move but silver prices have managed to claw back above the prior session’s lows in the wake of a minor improvement in global sentiment. Continue Reading…

July cocoa was able to recover from early pressure this morning but has made little headway with regaining yesterday’s steep losses. Physical commodity markets have taken the brunt of the recent “risk off” shift in market attitude, with July cocoa falling more than $120 below last week’s highs. Continue Reading…

June natural gas prices broke down to a new five day low overnight but appear to be stabilizing during the early morning action. Yesterday’s decline broke a five day winning streak and seemed to encourage a round of profit-taking. Continue Reading…

July wheat was trading 9 cents higher late in the overnight session. Outside market forces look somewhat supportive with a bounce in equity markets. Short-covering emerged overnight with a slight recovery in outside market forces and crop deterioration helping to support. Continue Reading…

June crude oil took on a slightly higher track during the initial morning hours as it attempted to correct the recent downslide. June crude oil prices slipped 12.0% from their May 1st high into yesterday’s low and test of the December low of $93.40. Continue Reading…

A turn to the positive for outside markets, less than expected rain for West Texas and an easier monetary policy in China are all factors which could contribute to a short-term recovery in cotton prices. The market is extremely oversold basis traditional technical indicators with a 12.9 posted as the RSI yesterday. Continue Reading…

After another new high for the move in June bonds overnight, prices have fallen back as if short term technical readings were temporarily overdone. It also seems as if the trade is seeing a modest improvement in macro economic sentiment from the overnight trade as German GDP and Export figures fostered some minor optimism in the Euro zone. Continue Reading…

After another range down thrust that temporarily sent June gold prices down to the lowest level since December 29th, the gold market managed to bounce away from the initial lows. Continue Reading…