Buck Buckles With Bonds
Dollar index futures [DXH0>DXH0] suffered their biggest decline in a month, falling as bonds struck new contract lows and as blue chip equities sold off.
Bonds Plunge, Pressuring Indexes
T-bonds (USH0) are trading at contract lows following a National Association of Purchasing Managers report that showed manufacturing activity expanded for an 11th straight month and prices paid by companies rose unexpectedly.
T-bonds Hit Lows, Index Hit Highs On Last Day Of The Millennium
On the last day of the millennium where futures markets were either closed or trading in shortened sessions, T-bonds [USH0>USH0] set a new contract low and settled down 16/32 at 90 29/32.
Dry South American Climate Credited For Bean’s Bounce
In their last day of trading this century, soybeans [SF0>SF0]
gained as traders covered short positions ahead of the long weekend and as rain forecasted for Brazil and Argentina, largely missed the major growing regions.
Natural Gas Down For Sixth Day
Unseasonal warmth in the major consuming regions of the United States amid ample supplies are weighing on natural gas this morning:
Nasdaq 100 Futures Blasts To New Record
Representing the telecommunications and technology stocks of a new economy at the dawn of a new millennium, NASDAQ 100 futures [NDH0>NDH0] burst to new highs adding 123.50 to 3746.00.
Indefatigable Nasdaq 100 Futures Push To New High
Like a broken record, Nasdaq 100 futures, from the Momentum-5 List, are trading at a new contract high.
Canadian and NatGas Slapshot Higher, Pork Plunges
With no fundamental news explaining the move, Canadian dollars (CDH0), from the Momentum-5 List,
surged to a 19-month high, rising .0051 to .6922.
Hot Economic Figures Keeps Pressure On Bonds
T-bonds are pressured and remaining near contract lows following economic reports that show no sign of a slowdown in the pace of US economic growth.
Cocoa Spikes And Dips On West African Political Instability
Cocoa surged in early trading as a slurry of buy orders hit the pit in reaction to a Christmas coup in the world’s major producing nation, the Ivory Coast.
Bloodless Christmas Coup Leaves Cocoa Little Changed, Nat Gas Keeps Cool
A coup, noteworthy for its lack of violence in the world’s largest producing nation, the Ivory Coast, generated an early spike in the price of cocoa, sending the March contract up 66 to a one-month high on the opening of New York trading.
Santa Claus Rally
NASDAQ 100 futures (NDH0) brought traders another holiday special, making good on their Momentum-5 List reading and rising to a new record to close up 24.50 at 3644.00.