Oil looks to be supported off geopolitical and macro economic events and even because of currency market action.
Stocks: Bulls Start Off In Control. Will Need More Support to Hold
he bulls have control to start but to add markedly to the impressive initial pulse up in prices might require favorable US numbers, more merger and acquisition news and quiet on the Euro debt front.
Interest Rates: Markets Hopeful EU Will Figure Something Out
The bear camp might feel like they have a slight measure of control in the trade today.
Stocks: Lots of Headwinds for Stocks Ahead.
With the month of November drawing to a close, there is the potential for end-of-month volatility today.
Special Report: Fourth Quarter Petroleum Update
The world threw a recession party and the energy complex failed to show up.
Metals: With risk on vibe in place week starts off positive
ews that a major gold producer saw some reduced output probably isn’t contributing significantly to the bullish vibe this morning.
Sugar: Many Factors Keeps on Downside Pressure On
The downside break-out and lack of commercial support plus further weakness in outside market forces overnight could keep the market on the defensive today.
Cocoa: Under Pressure but Avoid New Low Ground
If cocoa’s fundamentals remain negative and outside markets continue to be sluggish, prices are likely to go into tomorrow’s holiday down near multi-year low levels.
Currencies: US Dollar Maintains Its Safe Haven Roll
The Dollar should hold onto this morning’s gains through the balance of today’s session, although any improvement in market sentiment could bring this rally to a quick halt.
Cotton: Strong Start to the Year; Need Strong Economy to Hold
by Terry Roggensack on January 4, 2012
The market has seen a very strong recovery bounce into the New Year and it may take a continued strong global economic view ahead in order to rationalize the recent strength.