Archive for June, 2014
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LATEST ARTICLES
 

Wheat Continues Epic Decent as Supplies Ample

by Christopher Lemieuxon June 30, 2014 9:41 pm BST
Speculators continued to get more bearish on wheat as forecasts see crops as more than ample. Prices on wheat futures have collapsed from $744 to $576, or $5.76 per bushel. Traders are betting that wheat prices will continue to decline, holding the most net-short contracts since mid-February. Global wheat inventories are expected to reach three-year […]

USDCAD Downtrend Intact; Is 1.06 Next?

by Christopher Lemieuxon June 30, 2014 8:16 pm BST
USDCAD is down modestly after the Canadian dollar paired back losses following a less than expected gross domestic product figure, .1 percent increase opposed to expectations of .2 percent. The sluggish Canadian economy is halting any expectations of the Bank of Canada (BoC) increasing interest rates. However, the downtrend in the US dollar is adding […]

Euro-dollar Presses 1.3700 as Dollar Continues Downward Trend

by Christopher Lemieuxon June 30, 2014 7:51 pm BST
The euro-dollar presses against key resistance level of 1.3700, as the US dollar continues its downtrend following the latest dovish FOMC minutes statement and horrendous 2.9 percent contraction in the first quarter gross domestic product figure. The recently hot Chicago PMI grew less than expected, adding worries that the US economy is fundamentally slowing. “The […]

FX Manipulation Causes Reuters to Change Rules

by Christopher Lemieuxon June 30, 2014 6:58 pm BST
It has been just over a year since global regulators, from the UK to Switzerland and the US, probe the barely regulated foreign exchange market over charges of manipulation and collusion. The presence of regulators is causing high profile financial institutions to change how they conduct their trading practices. Bloomberg News reported last June that traders at […]