Wednesday’s Key Economic Data
Today’s Economic Key Data
Futures
Boom – WTI Oil Price Crashes Through The Floor On Rising Volume
In my post of 5 days ago I highlighted how a confluence of factors had the potential to drive oil prices even lower, and down towards the $32 per barrel regions, last seen in 2009.
Monday’s Key Economic Data
Today’s Economic Key Data
Breaking News – Non-Farm Payroll
Novembers Non-Farm Payroll Results.
Silver Breaking Up AsTechnical Fissures Appear
Whilst the spotlight of the metals complex generally focuses on gold whose demise has been relentless, silver too is following the same path lower, and whilst yesterday’s price action for the industrial metal was less dramatic than for gold, the price action this morning has opened up the same technical weakness now self apparent on the daily gold chart.
Oil Prices Driven Lower On Fundamentals And Technicals
These are interesting times for oil traders and speculators with Friday’s OPEC meeting in Vienna now on the horizon, and the question that will then be answered is whether the group will cut output to stem the supply glut that is now increasingly having to be held offshore around the oceans of the world.
YM emini Tip Toes Through Key Resistance
For US equity markets, and the YM emini in particular, it is the daily chart which has focused the mind over the last few weeks, and the prospect of whether or not the sustained resistance level that has developed in the 17,850 region would be breached, or whether this would ultimately cap the Santa Claus rally and bring it to a shuddering halt.
The Argument Against A Rate Hike
The Federal Reserve’s upcoming December meeting is likely to result in an interest rate hike; the majority of analysts are expecting the bank to make a move.
2016 Will Be A Better Year For Stocks Here’s Why
Oppenheimer & Co. Managing Director John Stoltzfus discusses his outlook for the markets. He speaks on “Bloomberg Markets.”
Janet’s Effort At The Fosbury Flop!
We have all heard of the Fosbury flop which revolutionized the sporting world of high jumping, but sadly the same could not be said of Janet yesterday who delivered their equivalent effort of the FED flop.