July Low Key For S&P Futures
Index futures gapped to the downside following the Globex overnight session
and chopped around for most of the day, before closing near their lows for the
day on Wednesday.
Dow Futures
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low. The S&Ps
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Futures
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points.
The market’s weight sucked life out of the U.S. dollar
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foreign currency was bolstered by traders on the weakness. With the notable
exception of the Canadian dollar
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performance, the Euro
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and British pound
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Precious metals were seen as somewhat of a haven, as Gold
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Silver
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In the softs, Orange Juice
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after breaking down from a triangle. Cocoa
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explode to the upside, gaining 49 points on the day. Sugar
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started to pull back slightly after breaking out to new contract highs on
Tuesday, while Coffee
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added 0.55 to yesterday’s gains. Finally, Cotton
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In the meat complex, both Pork Bellies
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continue to rebound out of pullbacks to the 20-day moving average. Live
Cattle
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session lower after forming outside days in the prior session.
Soybeans
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points, with Wheat
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losing nearly 9 out of a short counter trend rally. Corn
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finished the day in the red, while
Bean Oil
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on the daily chart.
Finally, the bond market got a boost from the indices weakness, with 10-year Notes
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ending the session up 180 and the US Treasury Bond
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25 points of gains.