Latest news with #CommodityFuturesTradingCommission
Yahoo
2 days ago
- Business
- Yahoo
Pound for Pound, British Currency Futures Are Packing a Real Punch
September British pound futures (B6U25) present a buying opportunity on more price strength. See on the daily bar chart the September British pound futures that prices are trending higher and this week hit a 3.5-year high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bullish line crossover signal, whereby the red MACD line has crossed above the blue trigger line. The pound bulls are in firm near-term technical control to suggest more price upside in the coming weeks. Dollar Falls to 3-1/4 Year Low as President Trump Looks to Fast-Track His Pick for New Fed Chair Pound for Pound, British Currency Futures Are Packing a Real Punch Dollar Supported and Gold Prices Sink on Trade Deal Optimism Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Fundamentally, the U.K. economy has shown signs of gradual improvement the past few months, including a better job market and increased consumer spending. The U.K. is in good standing with its global trading partners, including the U.S. In the meantime, the U.S. continues to work on improving its trade relations with its major counterparts, but the U.S. still has a way to go. That favors the British pound over the U.S. dollar that has been depreciating over the past few months. A move in September pound futures prices above chart resistance at this week's high of 1.3777 would become a buying opportunity. The upside price objective would be 1.4350, or above. Technical support, for which to place a protective sell stop just below, is located at 1.3500. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
How Much Lower Can Sugar Prices Go?
October world sugar futures (SBV25) present a selling opportunity on more price weakness. See on the daily bar chart for October world sugar futures that prices are trending down and recently set a two-year low. The trend is the bears' friend. See, too, at the bottom of the chart that the shorter-term moving averages I follow (9-day and 18-day) are in a bearish posture as the red 9-day is below the green 18-day and both lines are trending down. The sugar market bears have the firm near-term technical advantage to suggest still more downside price pressure in the near term. Coffee Prices Plummet as Frost Risks in Brazil Subside Robusta Coffee Prices Are Still Falling. Are We Finally at an Inflection Point? Coffee Prices Slammed as Frost Risks in Brazil Recede Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Fundamentally, sugar futures prices have been declining due to increased global sugar production, including from major producers Brazil, India and Thailand, and the resulting potential for a global sugar surplus. A move in October world sugar futures below chart support at the June low of 16.20 cents would become a selling opportunity. The downside price objective would be 14.00 cents, or below. Technical resistance, for which to place a protective buy stop just above is located at 17.15 cents. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
CNBC
5 days ago
- Business
- CNBC
Bitcoin price rises as Israel-Iran ceasefire begins, and Senate unveils major crypto bill
Crypto prices, including bitcoin, rose on Tuesday after President Trump announced a ceasefire between Iran and Israel. By midday Tuesday, bitcoin had passed the $105,000 level, ether jumped back above the $2,400 mark, and XRP climbed to $219. The risk-on action in the markets, which also saw stocks rally on the Mideast de-escalation, wasn't the only source of momentum, as Republican senators unveiled a major bill to set the rules of the road for crypto. Specifically, the legislation would define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission, and reduce the Securities and Exchange Commission's regulation of digital assets — a big reversal from the plans of President Biden's SEC Chair Gary Gensler to closely regulate the crypto industry. The new framework was introduced by Senate Banking Committee Chairman Tim Scott of South Carolina and Senator Cynthia Lummis of Wyoming, who heads the panel's Digital Assets Committee. Robinhood CEO Vlad Tenev said on CNBC's "Squawk Box" that the regulatory development was important for the U.S. to regain the lead in the crypto industry, where he said it has fallen behind other markets, including Europe. Last week, the senate passed a stablecoin bill, marking the first major legislative win for the crypto industry, which now heads to the House for consideration of its version of the bill. Both bills prohibit yield-bearing consumer stablecoins — but differ on agency regulatory oversight. Visa CEO Ryan McInerney weighed in on the advancement of the Senate version, the Genius Act, telling CNBC's "Squawk on the Street" that the credit card giant has been embracing stablecoins. Meanwhile, investors increased their bets on crypto company Digital Asset, which raised $135 million in funding from several big names in banking and finance, including Goldman Sachs, BNP Paribas and hedge fund billionaire Ken Griffin's Citadel Securities. The firm, which touts itself as a regulated crypto player, said it will use the funding to advance adoption of its Canton network, which is a blockchain for financial institutions, another sign of how major financial institutions are embedding themselves into the once obscure crypto world.
Yahoo
5 days ago
- Business
- Yahoo
Are New Contract Highs in Store for Lean Hogs?
August lean hog futures (HEQ25) present a buying opportunity on more price strength. See on the daily bar chart for August lean hog futures that prices are trending higher and have just recently hit a contract high. See, too, at the bottom of the chart that the shorter-term moving averages I follow (9-day and 18-day) are in a bullish posture as the red 9-day is above the green 18-day and both lines are trending up. The hog market bulls have the solid near-term technical advantage to suggest still more price upside in the near term. Slack Rain and Frost Threats in Brazil Push Coffee Prices Sharply Higher Coffee Prices Rebound on Slack Rain in Brazil Slowing Ivory Coast Cocoa Exports Boosts Cocoa Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Fundamentally, historically high beef prices at the meat counter are likely driving more substitution demand for less-expensive pork cuts. Peak outdoor grilling season is also occurring at present, which is also driving better demand for pork. A move in August lean hog futures above chart resistance at the contract high of $113.375 would become a buying opportunity. The upside price objective would be $125.00, or above. Technical support, for which to place a protective sell stop just below, is located at $108.00. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Standard
6 days ago
- Business
- Business Standard
Pound net speculative longs fall
Large currency speculators reduced net long positions in the Pound futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 42857 contracts in the data reported through June 17, 2025. This was a weekly decrease of 8777 net long contracts.
