Financials Futures Prices
- Elliott Wave View: Oil Downside Target
Oil extends lower in Elliott Wave impulsive structure within a bigger zigzag pattern. This article looks at the potential downside target.
- The Trend Trader For Futures Trading on Thursday, January 23, 2020
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market...
- Platinum Slices Through Our $1,000/oz Target
Last week was big for platinum group metals (PGMs). Stricter emissions standards in China proved to be the catalyst for a huge move in palladium. Palladium...
- Gold Price Forecast Precious Metals & Mining Update
Precious metals and miners are consolidating before their next advance. Gold could reach $1700+ by March, and we see explosive potential in silver.
- Coronavirus headlines cause Asian session volatility once again. Bank of Canada up next.
China reports 440 cases last night with 9 dead. Another small risk-off wave ensues. Relative calm returns after press conference from Chinese health officials....
- U.S. Stock Index Futures Likely to Trade Higher
Stock index futures are higher with S&P 500 and NASDAQ futures at records.
Futures Market News and Commentary
Mar T-notes (ZNH20) on Wednesday closed down -1 tick. The 10-year T-note yield fell -0.8 bp to 1.766%.
Mar T-note prices settled slightly lower Wednesday as a rally in global stocks reduced the safe-haven demand for T-notes. However, T-note prices were underpinned by lower German bund yields and mostly weaker-than-expected U.S. economic data.
Global stocks on Wednesday recovered from Tuesday's losses with U.S. indexes posting new record highs after China took steps to contain the spread of a deadly coronavirus that had rattled global markets. On Tuesday night Chinese President Xi Jinping ordered an "all-out prevention and control efforts" to stop the spread of the virus. China's state broadcaster CCTV reported Wednesday that the city of Wuhan, where the virus originated, has suspended outbound flights and rail service from the city. Wuhan also suspended travel by bus, subway and ferry and said that citizens should not leave the city without special reasons. Also, the C... Read more