Crypto, Metals
Trump Vs. Powell Moving the Markets
By Mark O’Brien, Senior Broker
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By John Thorpe, Senior Broker
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By John Thorpe, Senior Broker
Please speak with your broker about ways that you may not be aware of to assist you with your risk management plans. They may surprise you with the creative solutions you may find more efficient than simple stop orders or the old “hand on the mouse blow yourself out” strategy.
Why the turbulence in the Grain markets? USDA prospective plantings report was revealed, although largely in line with expectations, it’s a surprise that planted acres are down for soybeans, wheat and 12% lower for cotton while farmers are switching out of beans and planting corn instead, as seed and fertilizer costs are lower for these compliments in production.
Wheat for all winter varieties planted is the second smallest crop since records have been kept from 1919. The weather market begins now in earnest for the Wheat complex for the next 8 weeks.
Choose your opportunities wisely.
What in the world was going on with equity prices today, first the big dump was attributed to Liberation Tariff Day, coined by the media, only to see the markets stage a brave comeback against all talking point odds! Was this merely a technical correction? Or a combination of oversold and some positive tariff news?
Mini Dow’s range today? 786 points $value? = $3930.00 from hi to lo
Mini S & P’s range today? 111.25 points $ Value? = $5562.50 from hi to lo
Mini Nasdaq’s range today? 439 points $value? = 8785.00 from hi to lo
All-time highs in gold today. 3162.00 per troy gold ounce currently trading @ 3155.00 + over $40.00 per gold oz. yet the industrial metals were negative today, Dr. Copper and Silver. We offer all exchange traded contract sizes, from 1 oz to 100 ounces.
Secondary tariffs on Russian oil talk had the Crude oil futures up over $2 per bbl safely above the $70.00 /bbl price level.
Tomorrow:
Econ Data: Redbook, ISM Mfg. Final, JOLTS, Dallas Fed.
FED Speak: Quiet
Earnings: Quiet
Tariff news: Anything goes!
The June Emini S&P corrected after it fompleted its second downside PriceCount objective earlier this month. Now, the chart has resumed its slide into a new low which, if sustained, would project a run to the third count in the 5371 area.
Chart above is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.
It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
provided by: ForexFactory.com
All times are Eastern Time (New York)
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Chart above is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normalfor the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
provided by: ForexFactory.com
All times are Eastern Time (New York)
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The FOMC left interest rates unchanged today. In language newly added to its policy statement, “Uncertainty around the economic outlook has increased.” Surveys of consumers and businesses, corporate earnings, and financial markets, albeit “soft data,” have suggested that the economic ground may be shifting beneath our feet. Last Friday, the University of Michigan’s preliminary survey of consumer sentiment for March sank for the third straight month, showing sharply lower expectations for the future – regardless of respondents’ party affiliations. Warnings have percolated from airlines and retailers, i.e. Dollar General and Walmart, about underwhelming consumer demand. Outplacement firm Challenger Gray & Christmas announced layoffs reached their highest levels since the summer of 2020, when the pandemic was in full force — and the highest level for the month of February since 2009. That’s all for the FOMC for now.
Metals:
Gold prices edged higher to hover near all-time highs on the heels of Fed Chairman Jerome Powell’s post announcement press conference.
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Choose your opportunities wisely. Prepare for shocks on the tomorrow FOMC Rate decision but, more importantly, expect a roller coaster during the Chairman’s statement and Q and A 30 minutes to follow.
Today was a subdued trading day for almost all of the high-volume products we trade compared to the past 30 days or so.
Waiting for FOMC rate decision?
Here were today’s top headlines.
Updated: March 18, 2025 7:32 am
US Housing Starts and Building Permits Headline Recap
**US February Housing Starts: +11.2% to 1.501 mln units annualized rate; expected +1.0% to 1.38 mln
**US February Building Permits: -1.2% to 1.456 mln unit annualized rate; expected -2.2% to 1.45 mln
Updated: March 18, 2025 8:17 am
Federal Reserve US Industrial Production & Capacity Utilization Headline Recap
**Federal Reserve February US Industrial Production: +0.7%; expected +0.3%
**Federal Reserve February US Capacity Utilization: +0.5% to 78.2; expected 77.8%
**Federal Reserve January US Industrial Production revised: +0.3%; prior +0.5%
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Highlights in this issue include:
1-Ounce Gold futures see strong start: ADV reached 8,144 contracts in February.
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Bullet Points, Highlights, Announcements
Indexes:
The March E-mini S&P 500 traded within striking distance of its life-of-contract high posted back on Dec. 4th and 6th (6164.00) breaching that price intraday with a 6166.50 print and closing today at 6163.00
Energy:
Oil prices rose on Wednesday, extending gains to a third-consecutive session amid growing supply worries.
March futures for West Texas Intermediate Crude traded briefly above $73.00 per barrel, a ±75 intraday increase and trading up ± 46 cents per barrel at ±$72.31.
If you missed it, EIA Energy Stocks were NOT released today, as is usual. Due to the Presidents’ Day holiday, the report will be release tomorrow, 30 minutes after the EIA Gas Stocks report: 7:30 A.M., Central Time (gas), 8:00 A.M. (energy).
Metals:
Gold prices wavered near unchanged at this blog’s submission after trading ±$15 above and below yesterday’s settlement and near its all-time highs near $2,950 per ounce.
Fueling safe-haven demand for the precious metal, the Trump administration plans to impose tariffs of around 25% on U.S. bound autos and auto-building components, semiconductors and pharmaceuticals as early as April 2.
April gold futures have gained about 12% so far this year, with analysts expecting higher prices in a trade war. On Monday, Goldman Sachs raised its year-end 2025 gold price forecast to $3,100 per ounce.
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