Archive for February 3rd, 2010

Oil Sees Extraordinary Levels of Volatility but Still Lacks Direction Despite DoE Inventory Report

Wednesday, February 3rd, 2010

It was a battle of influence over oil’s bearing; but neither risk appetite nor the weekly US inventory figures leverage much pressure on the market either way. However, in the absence of a clear breakout and steady trend; there was certainly an excess of volatility with the active NYMEX futures contract frequently spanning the approximately $1 range the commodity has carved out a number of times through the European and US sessions.

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Oil Sees Extraordinary Levels of Volatility but Still Lacks Direction Despite DoE Inventory Report

Wednesday, February 3rd, 2010

It was a battle of influence over oil’s bearing; but neither risk appetite nor the weekly US inventory figures leverage much pressure on the market either way. However, in the absence of a clear breakout and steady trend; there was certainly an excess of volatility with the active NYMEX futures contract frequently spanning the approximately $1 range the commodity has carved out a number of times through the European and US sessions.

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Currency Crosses: Technical Outlook

Wednesday, February 3rd, 2010

The Euro crosses are mixed while the Yen crosses work towards resistance levels in order to correct impulsive declines from January highs.

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Currency Crosses: Technical Outlook

Wednesday, February 3rd, 2010

The Euro crosses are mixed while the Yen crosses work towards resistance levels in order to correct impulsive declines from January highs.

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US Market Update: Dow -45 S&P -7 NASDAQ -6

Wednesday, February 3rd, 2010

Equities lost ground before the NYSE open and after a quick rebound are back around their opening levels in mid morning trading. The January ADP Employment report showed its ninth consecutive improvement, foreshadowing improvement in Friday’s w…
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US Market Update: Dow -45 S&P -7 NASDAQ -6

Wednesday, February 3rd, 2010

Equities lost ground before the NYSE open and after a quick rebound are back around their opening levels in mid morning trading. The January ADP Employment report showed its ninth consecutive improvement, foreshadowing improvement in Friday’s w…
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Futures Technical’s

Wednesday, February 3rd, 2010

SP 500 Futures: From yesterday #8220;The sigma channels have widened substantially over the last 2 weeks as the sell off gained momentum. However yesterday#8217;s price action opens for a bounce as it bounced of the trend line from the October ……
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Futures Technical’s

Wednesday, February 3rd, 2010

SP 500 Futures: From yesterday #8220;The sigma channels have widened substantially over the last 2 weeks as the sell off gained momentum. However yesterday#8217;s price action opens for a bounce as it bounced of the trend line from the October ……
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European Market Update: EU accepts Greece’s stability plans (as expected); EU saw risks in Polands fiscal strategy

Wednesday, February 3rd, 2010

European markets looked ready to shrug a global equity surge that flowed out of the US and was maintained through the Asian trading session. Health care names led the downward pressure in the pre-market. Earnings reports from Roche [ROG.SZ] missed net exp…
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European Market Update: EU accepts Greece’s stability plans (as expected); EU saw risks in Polands fiscal strategy

Wednesday, February 3rd, 2010

European markets looked ready to shrug a global equity surge that flowed out of the US and was maintained through the Asian trading session. Health care names led the downward pressure in the pre-market. Earnings reports from Roche [ROG.SZ] missed net exp…
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