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Futures Markets : Softs and Financials
 

Futures Markets : Softs and Financials

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New week starts, it is time for us – futures traders - to be back to review futures markets to see what should we note for our trading in the next few days. Are you ready?

New week starts, it is time for us – futures traders - to be back to review futures markets to see what should we note for our trading in the next few days. Are you ready?

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    Futures Markets : Softs and Financials Futures Markets : Softs and Financials Presentation Transcript

    • Futures Market Review : Financials and Softs New week starts, it is time for us – futures traders - to be back to review futures markets to see what should we note for our trading in the next few days. Are you ready? Let’s go!
    • First of all, we will stop by the Soft market to see what’s going on around there. As the US dollar strengthened over investor fears, the Brazilian real dropped significantly and since it is one of the important currencies to the pricing of soft commodities that is a big deal. It was a big factor this past week for coffee, sugar, oil and cotton.
    • And as long as there is more downside to come, all will remain under pressure this week as well. The other soft market, cocoa has its own set of circumstance, and all commodities seem to suffer from the impact of falling demand forecasts given the fear at work in the macro economy.
    • So expect more of the same this week, lower prices among the members of the soft complex. Individually, there may be technical attempts to rally. We are seeing higher prices in early trading this morning in several markets, but these should be used as selling opportunities, rather than signals that prices have flushed out the weakness and are ready to move higher.
    • In other words, soft markets are responding in sympathy to the recovery in the equity markets, and that is to be expected since the markets carry relationships. Worth mentioning is that they are however, not one and the same.
    • Commodities will react to events in the world economy and currency relationships, but they also will have their own unique fundamentals. Right now supply seems not to be the focus, the focus is rather on demand right now, and the fear of demand falling.
    • ***Chart courtesy Gecko Software’s Track n’ Trade Pro Past performance is not necessarily indicative of future results.
    • Just leave the home of Soft, we will go next to Financial market. There will be some necessary points for us to note. The word that bothers this trader this morning is hope. This word is being thrown around which should not sit well with investors. The stock market may open higher on hopes that policymakers are putting new plans together to help with the debt crisis.
    • The hope that Greece does not default is where the focus lies. If a person is resting their families future on hope then one needs to take another look at how they formulate wealth.
    • Geithner seems concerned and believes that the U.S. is still fragile from the recession of 2008. He also thinks that if European nations default that the U.S. could have serious problems. Geithner also brought up that the U.S. will cut the deficit by 3 trillion in over 10 years.
    • Honestly, who cares about 3 trillion! This country spends more than 1 trillion a year. How about the U.S spends half of that and cuts 5-7 trillion. Maybe a flat tax for everyone so the people that have created success do not feel like they are bailing everyone else out?
    • The USD Index is down -0.19 to 78.31 and the Euro is down-0.0034 to 1.3473. The Euro may fall further but some may leave the dollar and buy stocks. A short term burst in the dollar does not mean it will keep going. The level of 1.2750 might be possible over the next few weeks.
    • Some believe a bull rally could come over the next few months and are positioning Europe and keeping cash available if this occurs. Because of limited time, I cannot share with you all the information on Futures markets. You can check for more at Pitguru Reviews this week.
    • ***Chart courtesy Gecko Software’s Track n’ Trade Pro Past performance is not necessarily indicative of future results.
    • Disclaimer: Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors.
    • Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.