As always, we have a special care on futures markets in general and on Financials, Energies, Softs, Metals in spectacular. We care about today currency, crude oil, gas, coffee, sugar or cotton prices and wonder if the prices will go up or down. Each of us has our own ways to look for news in the markets. This also pushes our analysts working hard. When we are busy with our daily work when the new week comes, futures experts also begin their hard work quite soon to make sure the analysis done on-time. Time means money, so now just check out some typical futures market reviews to see how they work.
Money is usually considered as the eternal topic. So we will start from Financials market. Banks were reported to not have to make adjustments until the year of 2019 on the amount of money they have to hold, which is used just in case there are large losses. There will be various effect on people with different purposes related to financial usage. Typically, the credit card industry, mortgages, and other loans will see unique changes. Shouldn’t this be done in a year or less? Loans may be more stringent, then the consumers may face with more harm than good. The reserves will be 8.5% of the balance sheet to meet the requirements. I think this will be the most notable point in financial market this week. Now, we will temporarily put the long term worry down to turn to instant changes which also has directly influence on your life and trading. Yes, we are talking about currency. In term of finance, we also cannot neglect changes in the currency exchange rates since they lead to change our income. The number always keep up and down, and so we have to keep chasing on them.
Time is limited, we will say goodbye to Financials market to go next to the Metals. Let’s see how are precious metals, Gold or Silver talking! The precious metals look like to be probing the downside here as Gold tried as it could but did not get over the huge resistance of $1,265. Now with a rallying equity and oil markets the price of Gold looks to head down to $1,230 on the COMEX. And Silver? It is reported Silver could not get a solid close above $20.00 and thus reversed course into the low $19’s for now. According to metal futures expert, he believes we will see some added pressure in the Gold market and could see it liquidate even further than $1,230.
The next place, we will knock at the Energy market and view how Natural Gas stream runs. The information that I am going to tell you here may be a good news to traders and investors when Natural Gas is now starting to look comfortable at the $3.70-$3.80 level. Maybe, they are looking at long opportunities in this market as it is believed to start to see a swift move to the upside. Calls in Nov look quite attractive right now. This will be a great play as this market starts to make its way up. I also feel comfortable as well to read the news. Before we leave the energy market, just check out for the energy prices today first for help.
Now, the trip is going to end up at the Softs market. Among the soft complex, sugar, coffee and cotton prices have all been trending higher. At times they act surprisingly strong. Let’s view them in details! Sugar values ended this past (holiday shortened) week in such a fashion, ripping higher, before tapering off Friday afternoon in a bout of profit taking. While Coffee values surged into new high ground, then backed off as the week wound down, culminating with a pin to 190 as the October option series expired on Friday. How about Cotton? Cotton has moved above 90 cents and has visibly generated talk of $1.00 being next.
We have just taken a short tour around the futures markets to see how they look like this week. These short information on such typical markets may lead you to decisions. Be a successful trader or investor, make sure that you don’t miss the news affecting on your trading!