Author: The INO.com Team

Are the markets predicting an Obama win or a Romney win?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 5th of November.

Make no mistake about it, the markets will likely be quiet for today and tomorrow. When the eventual President is announced, perhaps on Wednesday or Thursday, the markets will decide which way they want to move.

Here's what the markets are telling us right now:

Equities: Mixed picture
Metals: Mixed picture
Dollar: Mixed picture
Crude Oil: Negative trend Continue reading "Are the markets predicting an Obama win or a Romney win?" →

Poll:Tell Us Who Will Win The 2012 Presidential Election

Posted on by The INO.com Team

The 2012 Presidential Election is going to come down to the wire. With election day looming tomorrow it's too close to call. We wanted to ask our members and Blog readers this....

Which candidate will win the 2012 Presidential Election?

View Results

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Leave a comment and tell us why you think your choice will win.

Every Success,
Jeremy

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (November 5th through November 9th)

It was not until the United States Non Farm Payroll Report on Friday that traders had a clear idea concerning the technicals in the Gold Futures. Prior to the report, futures prices saw higher lows each day throughout the week and even traded up and outside of the range before failing miserably all day Friday.

To begin the week, Gold saw a lift after better than expected news from China was reported and was coupled with additional easing measures applied by the Bank of Japan. The light buying continued despite concerns in Europe over Spain and once again Greece.

Once the labor data was released in the United States that showed a better than expected number, there was a strong rally in the US Dollar which ultimately led to the demise of Gold and most other Dollar-based vehicles. The word is that traders saw a better than expected jobs number as a reason for the FED to scale back on their commitment to Quantitative Easing. Additionally, traders are awaiting important newsthis week from not only the United States but also from Europe and a G20 Summit now in session. Continue reading "Gold Chart of the Week" →

Weekly Futures Recap w/Michael Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

 Currency Futures--- Currency markets today are trading mixed with the Euro currency breaking down 80 points currently trading at 1.2860 causing the U.S dollar to rally sharply by 46 points hitting a fresh six-week high currently trading at 80.56 right near session highs after the Labor Department released the monthly unemployment figures which added 171, 000 new jobs for the month of October with an unemployment rate 7.9%. The Canadian dollar which is been very weak in recent weeks is actually higher today by 25 points trading at 1.0052 and in my opinion is still in a bear market and I do believe will head lower from these levels while the Mexican peso which I have been bearish and wrong so far is up another 50 points 7690 following the U.S stock market today. The Japanese yen has hit a new six-month low down another 70 points at 1.24 with the next major support all the way down to the 120 level still 400 points away and in my opinion I believe that this bear market will continue. The Australian dollar is higher for the 4th consecutive trading session at 1.0357 at a fresh five week high now looking at possibly making new contract highs which were hit mid-September right around 1.0550. TREND: U.S DOLLAR—HIGHER---CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap w/Michael Seery" →

Is the Glass Half Full or Half Empty?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 2nd of November.

This past week has been one of the most extraordinary weeks that I can remember. The markets were closed for two days and we had a historic storm cause significant destruction in New Jersey, New York, and much of the east coast. Today, BLS released the unemployment numbers showing that unemployment stands at 7.9%, which begs the question is the glass half full or half empty? You could argue both ways... Is employment improving? Or has it not improved in 4 years?

This is the last weekend that both Pres. Obama and Gov. Romney have to convince an already exhausted population to buy into their vision of the future for America. I think we are all exhausted by both candidates and the endless bickering, which is not helping the economy or the jobs picture.

Personally, I think campaigning for office should be no longer than 3 to 6 months and not several years. These two gentlemen have spent a billion dollars each on their campaigns, what a waste of money and resources. Continue reading "Is the Glass Half Full or Half Empty?" →