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Richard Rittorno: To say markets around the world took a hit in May would be an understatement. The question now is what are you going to do moving forward? To answer this question you need to determine bull market or bear market Read more…
Richard Rittorno: The U.S. dollar (NYSEARCA:UUP) reversed going into the weekend in early trading today. The U.S. dollar index climbed to 79.86, up 0.72% on jitters of QE3, and it may continue to appreciate in the U.S. FOREX trading session as traders look to the U.S. dollar as a safe haven. Read more…
Richard Rittorno: Recent action in the commodity markets begs the question of how to play the game and stay in it. Until about a decade ago, the only way to get direct exposure to this market was via futures contracts. Now, while ETFs provide access, expect at least some degree of “drift” between the way the Read more…
Richard Rittorno: Continuing our hunt for yield in emerging markets, traders now have a new asset in their toolbox with the creation of a new emerging market dividend ETF from iShares. Read more…
Richard Rittorno: Are corn prices going up? Is corn over and done? To answer those questions, traders need to put on both their bull hats and their bear hats. Read more…
Richard Rittorno: Broad risk aversion has being weighing on the commodity markets all week. Plenty of motives are contributing to the new tone, but it really boils down to oil, the euro and the Fed. Read more…
Richard Rittorno: The London Metal Exchange, the world’s largest metals exchange, reports that copper stockpiles from the U.S. to China are already at 2-1/2-year lows and poised to decline for the fifth month in a row. The news has awakened the slumbering copper bulls to move speculation, sentiment and Read more…
Richard Rittorno: Bullion-hungry Asian consumers are often touted as the fundamental support for gold prices. But India’s demand for gold has weakened as the combination of high inflation and a Read more…
Richard Rittorno: Farmers in Brazil (NYSEArca:EWZ) have overcome many obstacles in the past but rainfall has not been one of them until the drought that began in Argentina spread, severely damaging both corn and soy bean crops. With no rain for the entire month of December and only one rainy day in Read more…
Richard Rittorno: WTI crude oil has been back on the rebound after traders received the U.S. API report reflecting the largest inventory drawdown in seven weeks. Money flowing back out of the U.S. dollar as a safe haven also helps to send WTI higher.On days like this, traders in any market have to take Read more…
Richard Rittorno: China’s (NYSEArca:FXI) failed appeal to the World Trade Organization (WTO) surrounding its rare earth export policies has renewed pressure on the Ministry of Commerce to open up this strategic class of commodities to global consumers. Read more…
Richard Rittorno: As the euro zone continues to scrabble to fix the Greek debt crisis, analysts have started fretting over whether Portugal may fail to manage its own cripplingly high borrowing rates. But there are great babies being thrown out with the bathwater. Read more…
Richard Rittorno: U.S live cattle futures have been on a steady climb since hitting a 52-week low back on May 24, 2010 at $101.625. Cattle futures have been sizzling for nine months now with price putting in a 52-week high of $126.375 last Wednesday. Read more…
Richard Rittorno: Gold (NYSEArca:IAU) is back in focus after the Federal Reserve announced it will be extending its pledge to keep interest rates at exceptionally low levels all the way to the end of 2014. Read more…
Richard Rittorno: Gas producer EQT (NYSE:EQT) is shutting down production in the Huron natural gas basin. Couple this with a recent statement from T. Boone Pickens that natural gas (NYSEArca:UNG) is heading to a $1 handle and it is no surprise the brakes are coming down. Read more…
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