Recent content by providiotrading

Grains: 18July While drought conditions remain, there is some modest pressure based on fears of demand destruction. We’ve heard of stories of livestock operators bringing animals to slaughter early because of high feed costs. Further substantial damage to the current crop, however, will likely...

CURRENCIES: Futures Last Trade: Sep: 17Sep Opions Last Trade: Aug: 03Aug; Sep: 07Sep 10July The fact that the US Dollar is up on the day against nearly all of its major counterparts speaks Volumes to us. Speaking of which, we are watching Volume closely... The Euro Zone Summit has failed to...

Currencies : 14Mar With the US economic situation apparently stabilizing and Europe’s much less certain, the chances of further US Fed easing are receding. As such, with higher implied US interest rates, the Euro and dollar relationship is directionally changing. Most other USD denominated...

Metals: Gold: 28Feb Watch today’s break out above last Thursday’s high of 1789.5. If it can’t sustain the move, it may be entering a consolidation phase. Resistance should be offered at the psychological 1800 level, which aligns with the November high at 1804. We continue to track the...

Currencies: 15Feb The action for the last week or so has shifted the previously positive anti-Dollar trade the other direction. Unless an atypical move is due, the FX markets should stay in the current positive Dollar/negative other bias for several weeks. Volumes seem to be holding up strongly...

Currencies : 15Feb The action for the last week or so has shifted the previously positive anti-Dollar trade the other direction. Unless an atypical move is due, the FX markets should stay in the current positive Dollar/negative other bias for several weeks. Volumes seem to be holding up...

08Feb Attention remains focused on news flow from Europe as the world awaits some kind of indication about how Greece, and the rest of Europe will run between the raindrops in their sovereign debt crisis. While the specifics throughout the region may be a bit different, the overall dynamic is...