Wednesday, June 13, 2012

Pre-Market Summary



CURRENCIES: Lower Euro zone risk concerns puts the Dollar under pressure.
ENERGIES: Crude complex mixed to start; cautious ahead of OPEC meeting
BONDS: Initial bear control, a bounce off the #'s & weakness into the auction
STOCKS: Uncertainty keeps trade contained; focus on JP Morgan and Retail Sales
METALS: Hope of easing and increased EU anxiety leaves the bulls with an edge
CORN: Soil conditions continue to decline but some rain helps and late June?
WHEAT: Crop Production and supply/demand updates today
BEANS: USDA report to set tone today; tightening new crop stocks?
CATTLE: Highest beef trade since March may hold cash steady this week; firm
HOGS: Surge in bellies/ribs suggests better than expected demand; more up
COCCOA: Tight West African supplies keep cocoa prices well supported.
COFFEE: Positive outside market factors give coffee prices a boost.
COTTON: USDA bearish; record high world stocks at a whopping 68.4% of usage
SUGAR: Need some help from outside market forces or another swing down

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...