Commodities Fall
With no
economic news released on Monday traders attention turned to Atlanta
Fed President Jack Guynn, who was speaking before a group of bankers in Florida
(report).
Treasuries closed slightly lower, declining for the fourth consecutive day.
The US Dollar Index rose, with the Dollar advancing against all the majors.
Gold, Silver and Copper fell. The prospect of higher interest rates in the US
was cited by many as the reason behind the rising Dollar and falling metals.
Crude Oil, Unleaded Gas, Heating Oil and Natural Gas all declined.
All the softs closed lower, except for Cocoa +0.13%. Cotton -2.25%, Lumber
-1.85% and Sugar -1.85% were the biggest fallers.
The grains were also weak, with Soybean Oil, Soybeans and Corn leading the
decline.
The meats were the only bright spot. All closed higher with Pork Bellies rising
3.14%.
Economic News
No economic news today.
For more reports and analysis go to our
Economic
News section.
Ashton Dorkins
Want a free month of
PowerRatings?
Send us your
PowerRatings
strategy and receive one free month of this exciting trading tool. If you are
already a monthly or annual
PowerRatings
subscriber, you will receive an additional three months if we publish your
strategy.