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Trading the Close: Deep Dive Into The Trading Action, Levels, Trades & Insights​

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Ag markets continue rise ahead of port strike | Weekly Commodity Market Update​

Oct 1, 2024 #agriculture #news #markets

This week Will and Ben look at the importance of U.S. port strikes and the impact of the farm bill's expiration.

13:27

Chapters:
0:00 Introduction
0:57 Market recap
3:37 Port strike impacts
5:55 Farm bill expiration
11:05 Harvest progress
12:12 Reports to watch
 

Morning Bid: MidEast tension, port strike see edgy Q4 start​

October 2, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

With Middle East tensions dialing back up, U.S. port workers on strike and global industry under the cosh, the final quarter of 2024 promises to be a bit edgier for world markets than the relatively serene first nine months.

The fourth quarter was barely underway on Tuesday when 12 months of intense conflict in Gaza and Lebanon spilled over again into another direct standoff between Israel and Iran - jarring recently listless energy markets and provoking some limited hedging of risk assets.

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Stocks stable, oil rises as wary investors eye Middle East hostilities​

  • Europe's STOXX flat, Asian shares rise despite conflict concerns
  • Oil prices rise nearly 3% on supply concerns after Iran's missile strike
  • Market fallout of escalating tensions muted, for now
LONDON, Oct 2 (Reuters) - Stocks held firm on Wednesday and safe haven assets such as government bonds and the dollar gained ground, as investors held back from panic selling amid escalating Middle East hostilities that also pushed oil prices nearly 3% higher.

Europe's benchmark STOXX index (.STOXX), opens new tab edged down just 0.1% and MSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS), opens new tab climbed 1.38%, despite the prospect of a wider conflict following Iran's missile strike on Israel and Israel's incursion into Lebanon.

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Jim Rogers: We've NEVER Seen ANYTHING Like This In Recorded History!​

Sep 30, 2024

In his latest interview, Jim Rogers expresses concern about the current state of the stock market, noting that many markets, particularly in the US, are at or near all-time highs. As a result, he reveals he has sold most of his stocks worldwide and is currently holding a significant amount of cash, primarily in US dollars. Rogers emphasizes he is not buying in most markets, with the exceptions being China, due to its depressed market, and Uzbekistan, which he sees as a potentially exciting investment opportunity.

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Copper Jumped 6% - Will it last?​

Check Scrap Prices: https://iScrapApp.com/ - Tune in this week to see where scrap prices are headed and if it's time to sell your copper after seeing a 6% increase in the last week. Also, how will international affairs and domestic strikes affect scrap prices and the market?
Read more: https://iscrapapp.com/blog/weekly-scr...

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Markets Now Closing Markets 10-2-24 Video​

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Morning Bid: Dollar surges as European, Japan hawks coo​

A look at the day ahead in U.S. and global markets from Mike Dolan

The U.S. dollar (.DXY), opens new tab is on course for its best week in six months, surging anew on Thursday against the yen, sterling, euro and Swiss franc as central banks around the world appear set to out-dove the Federal Reserve.

Partly spurred earlier this week by a "safety bid" surrounding Middle East tensions, dollar gains have really mounted as speculation of another round of interest rate cuts in Europe were twinned with official hesitation at further monetary tightening in Japan - with inflation subsiding everywhere.

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CLS Week 40 (registration is free)

Fearnleys Week 40

World Container Index 03 Oct

World Container Index - 14 Nov

14 Nov 2024: Drewry’s World Container Index remained stable at $3,440 per 40ft container this week.
www.drewry.co.uk

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Monday, November 11, 2024.
tradingeconomics.com
 
searcher said:

RIP "Real" Diamonds | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Click to expand...
In 1999, I bought a cubic zirconia for my (to be) wife. I might have overpaid at $200 or so, but it was a big crystal and I also spent almost $200 on our gold rings, so that was enough. Add another 40 or 50 for the judge to officiate our wedding. Afterwards, my uncle covered the local wedding meal. The whole process cost some bucks, but not too much. I think $500 should cover the everything from rings up to honeymoon. That might be another $200. So seven hundred total.
 

Morning Bid: Jobs and oil dominate as ports strike ends​

October 4, 2024 6:04 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Wall Street has weathered an edgy start to the final quarter reasonably well this week, with the September employment report now an obvious final hurdle on Friday and firmer oil prices an irritant even as a three-day U.S. ports strike ends.

As has been the case for weeks, markets are trying to find the balance between signs of persistent growth but at a pace soft enough to sustain disinflation and Federal Reserve interest rate cut hopes.

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Markets Now: Closing Markets 10-4-24 Grain Markets Close Lower Friday: Is the Rally Winding Down?​

Don Roose, U.S. Commodities, says several factors combined to pressure the grain markets Friday. Whether or not the rally is over depends on global weather and the October WASDE.

10:19
 

Dow registers record high close as US jobs data eases economic worries​

  • US job growth surges in Sept; unemployment rate falls to 4.1%
  • Spirit Airlines tanks after report of bankruptcy filing
  • Energy sector climbs for the week with Middle East tensions up
  • Indexes: Dow up 0.8%, S&P 500 up 0.9%; Nasdaq up 1.2%
NEW YORK, Oct 4 (Reuters) - The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.

U.S. job gains increased in September by the most in six months, and the unemployment rate fell to 4.1%, the report showed.

The data "basically tells us economic activity in the fourth quarter is likely to remain at a solid pace," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

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searcher said:

NEW YORK, Oct 4 (Reuters) - The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain​

Click to expand...
Why? What is improved?
searcher said:

as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.​

Click to expand...
A stronger job report? What?! I have been looking for a job and my results are zero. No company wants someone with experience and proven experience, but won't pass the HR shitheads.

U.S. job gains increased in September by the most in six months, and the unemployment rate fell to 4.1%, the report showed.
Bullshit. Good jobs are going away, and companies are lying. "We need a software engineer who has N years in {language} and N years in {incidental scripting language that is not really important} and some technology that is obscure, but any engineer can learn quickly." These companies use HR people who are not capable of assessing the engineers' abilities, and so the dumbass HR people reject great people. Because they are worthless shit dumbasses.

Like the resources spent and wasted on advertising, the HR shits waste our talent by keeping talent away from employment.
 

What if Russia blocks the export of its raw materials?​

Vladimir Putin is threatening to withhold crucial raw materials like uranium, titanium and nickel from the West. DW breaks down how that would affect global trade and industrial production."Supplies of a number of goods to us will be limited, and we should perhaps also think about certain restrictions, for example on uranium, titanium and nickel," Russian President Vladimir Putin said in mid-September, instructing his government to consider curbing exports.

The Kremlin already tried to pressure Europe with regard to gas supplies in 2022. The aim was to undermine the West's support for Ukraine in its resistance to Russia's war of aggression. His latest threat is significant, as the United States and European Union import these raw materials from Russia in large quantities.

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Take Five: Rate cuts and politics, say no more​

Oct 7 (Reuters) - It's a packed week ahead with U.S. inflation data, the start of Q3 earnings, a French budget and possibly a big rate cut from New Zealand.

Investors are also on edge as Middle East tensions escalate, while Japan's new Prime Minister Shigeru Ishiba is in the spotlight.

Here's all you need to know about the week ahead in global markets from Lewis Krauskopf in New York, Yoruk Bahceli in Amsterdam, Karin Strohecker and Amanda Cooper in London and Kevin Buckland in Tokyo.

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Morning Bid: Monster payrolls see 10-year Treasury yields top 4%​

October 7, 2024 6:20 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

With any thought of U.S. recession off the agenda after a monster September jobs report, doubts about the extent of further Federal Reserve easing have inevitably re-emerged - and now need a cool inflation report this week to keep in check.

Any which way you cut it, last month's employment report was a robust reading of a labor market in rude health. With payroll gains of 254,000 - more than 100,000 above forecast - a decline in the jobless rate to 4.1% and a pickup in annual wage growth to 4%.

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Morning Bid: Stocks stall, Hang Seng decimated, oil ebbs​

October 8, 2024 6:15 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

World markets painted a messy picture on Tuesday, with recently pumped-up crude oil prices retreating sharply and disappointment surrounding China's economic stimulus already setting in - knocking Hong Kong shares (.HSI), opens new tab back almost 10%.

The return of mainland Chinese markets after a week's holiday there did see the CSI300 (.CSI300), opens new tab index play catch-up with another jump of about 6%. But the Hang Seng, which had remained open for much of the week and rallied significantly during that time, turned tail.

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Boeing halts talks, withdraws pay offer to striking union​

  • Strike nears its fourth week with no resolution
  • Latest negotiations with federal mediators not successful
  • Boeing considering options to raise billions of dollars-sources
Oct 8 (Reuters) - Boeing (BA.N), opens new tab said on Tuesday that it had withdrawn its pay offer to around 33,000 U.S. factory workers and no further negotiations were planned with their union representatives as a financially damaging strike nears its fourth week.

Boeing and the union held their latest round of negotiations with federal mediators on Monday and Tuesday but talks collapsed and the sides were left locked in acrimonious stalemate showing no signs of being resolved anytime soon, a person briefed on the talks said.

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Morning Bid: Braced for Milton as oil recoils, China retreats​

October 9, 2024 6:15 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Wall St stocks roared back on Tuesday just as China doubts re-emerge - but a scattergun week now has investors navigating the impact from a potentially devastating hurricane in Florida and a recoiling oil price in the face of Middle East tensions.

Adding to this heavy and sometimes conflicting newsflow, the U.S. Justice Department late Tuesday said it may ask a judge to force Alphabet's (GOOGL.O), opens new tab Google to divest parts of its business, such as its Chrome browser and Android operating system - claiming they sustain an illegal monopoly in online search.

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44% of record global liner orderbook is replacement tonnage - Splash247

Today’s containership orderbook is the largest it has ever been in terms of teu capacity. Helping put some perspective to the newbuild avalanche, analysts at Alphaliner have identified just how much of the ships on order are needed as fleet replacement with Maersk notably behind its peers when...
splash247.com

Montreal dockworkers increase pressure on employers - Splash247

Quaysides across North America’s east coast have been simmering with protests all year. While this hit a crescendo last week with a three-day strike across America’s east and Gulf coasts, north of the border the industrial impasse continues. Dockworkers at Montreal, Canada’s largest eastern...
splash247.com
 

Morning Bid: New stock records as storm passes and CPI due​

October 10, 2024 6:01 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

With U.S. stocks at new records and devastating Hurricane Milton now weakening as it passes over Florida, the shifting U.S. interest rate horizon is back in focus with September's key inflation update due on Thursday.

Despite the stormy weather and Middle East anxiety, U.S. economic soundings remain robust and Federal Reserve easing expectations continue to be dialed back - sending the dollar (.DXY), opens new tab to near two month highs in the process.

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Q4 2024 Scrap Metal Market Outlook: Price Trends & Key Insights​

Check Scrap Prices: https://iScrapApp.com/ - In this video, iScrap App provides an in-depth analysis of the Q4 2024 scrap metal market, covering key trends, price predictions, and what scrappers should expect. The third quarter was marked by economic uncertainties and supply chain shifts, but as we enter the final quarter, certain markets show signs of stabilization and potential growth.
Read more: https://iscrapapp.com/blog/weekly-scr...

7:57

What You'll Learn:
Non-ferrous market trends for copper, aluminum, and brass
Ferrous metals outlook, including steel and iron price movements
Catalytic converter price predictions with updates on platinum, palladium, and rhodium
Carbide and rare earth metal insights for Q4 2024
 

Morning Bid: Fed 'skip' enters fray as big banks report​

October 11, 2024 6:10 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Even though futures pricing had already turned queasy before the sticky September inflation report on Thursday, the prospect of the Federal Reserve skipping another interest rate cut next month has now become part of the mix.

An aggravating miss on U.S. consumer price readings for last month, which saw the annual core inflation rate unexpectedly tick higher to 3.3%, was partly offset by a jump in weekly jobless claims amid distortions from recent strikes and storms.

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