Category: General

Oil price declines on slower China growth

Posted on by The INO.com Team

By CHRIS KAHN
AP Energy Writer

(AP:NEW YORK) The price of oil fell Friday after reports that China's economy appears to be slowing down.

China, the world's second-largest oil consumer, reported a sharp decline in both investment and industrial production growth in April. A slowdown in China could push oil consumption _ and prices _ lower this year.

Benchmark U.S. crude lost 95 cents to finish at $96.13 in New York. Brent crude, which helps set the price for oil imported into the U.S., lost 47 cents to end at $112.26 per barrel in London.

China's National Bureau of Statistics reported that investment in factory equipment and construction didn't grow as much from January to April as it did in the same period last year. Industrial production rose 9.3 percent in April, compared with a 12 percent increase in March. Continue reading "Oil price declines on slower China growth" →

The Game Plan for Investing in Today's Corn Market

Posted on by The INO.com Team

By John Payne, Senior Broker with Daniels Trading

The corn trade has been incredibly complicated as of late. The situation is one that projects both the most bullish and bearish of set ups, simultaneously. So what is anyone involved in the grain trade supposed to do? What do we focus on going forward that will project prices higher or lower? If market participants or advisors look closely, they will see a Jekyll and Hyde type market that doesn’t come around that often.

Tight Supply and 95 million Acres

Corn futures are now an environment with a two-tiered structure. On one hand, we have the old crop, or cash corn market (grain that is in the bin or would be ready for use immediately). This market is showing bullish characteristics with a historically tight supply on hand. The one factor, beyond all things, that triggers me as a buyer of cash or front month corn futures is the strong basis being reported in Decatur, IL (heart of corn belt) and in the Gulf of Mexico where the export terminals are. As of today, those basis levels are as strong as we have seen in recent times. Continue reading "The Game Plan for Investing in Today's Corn Market" →

How the major stock indexes fared on Thursday

Posted on by The INO.com Team

By The Associated Press

Thursday was the day the Dow Jones industrial clawed its way back into positive territory after six losing days in a row.

The Dow had been on its longest losing streak since August before gaining almost 20 points on Thursday. Stocks got a boost from a drop in new unemployment applications, as well as Spain's move to take over a debt-laden bank. Investors took that as a sign that Spain was working aggressively to avoid needing a bailout. Continue reading "How the major stock indexes fared on Thursday" →

The Dollar and Manipulation Control the Market

Posted on by The INO.com Team

Over the weekend I had an interesting conversation with a local trader. We typically meet a few times a year to share our market outlooks, new trading tools and techniques, and usually finish our session off in a debate about the US market manipulation and how to trade around it.

Talking about market manipulation always opens up a can of worms and sparks some interesting theories… And while everyone has their own views and opinion on this subject I thought I would briefly share the main points I pulled from our conversation.

I did talk about the dollar index last week, but the recent price action unfolding today is important so I’m going to recap on it again. Continue reading "The Dollar and Manipulation Control the Market" →

Australian Dollar Strengthens After Upbeat Jobs Data

Posted on by The INO.com Team

(RTTNews) - During the early Asian session on Thursday, the Australian dollar climbed against its key counterparts after the release of the nation's strong jobs data.

Australia's employment increased unexpectedly in April, the latest figures from the Australian Bureau of Statistics showed today.

The number of employed persons rose by 15,500 to 11.5 million in April after adjusting to seasonal variations. Meanwhile, the number of unemployed persons fell by 28,800 to 598,200. Continue reading "Australian Dollar Strengthens After Upbeat Jobs Data" →