Robert Charles' Trading Blog Blog Posts

  • Yen Strengthens to 11-Year High Versus Euro on Demand for Safety
    on May 31, 2012
    The yen gained to a more than 11-year high against the euro as investors sought the perceived safety of the nation’s debt amid a deepening European crisis and slowing U.S. growth.  Japan’s currency strengthened against all its major counterp...
  • Corn, Soybeans Called Higher on Dry Weather; Wheat May Decline
    on May 31, 2012
    What follows are opening calls for U.S. grain and oilseed markets, which open at 5 p.m. on the Chicago Board of Trade. -- Corn futures may open 1 cent to 2 cents a bushel higher on the CBOT because of dry weather in the past weeks in parts of the U.S...
  • Crude, Copper, Gold Set for Monthly Drops: Commodities at Close
    on May 31, 2012
    The Standard & Poor’s GSCI gauge of 24 commodities rose 0.3 percent to 605.15 at 4:55 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials increased 0.2 percent to 1,451.411. CRUDE OILOil was poised for the biggest monthly drop...
  • SOFTS HIGHLIGHTS: Top Stories Of The Day
    on May 31, 2012
    Arabica coffee futures in New York fell to a new 22-month low Thursday as expectations of a record harvest from top grower Brazil continued to weigh on the market...
  • Global stocks weakest in 8 months; U.S. bond yields hit lows
    on May 31, 2012
    Stocks ended May with their largest loss in eight months and commodities also took a battering after a spate of worrying U.S. economic data on Thursday hit markets already reeling from Europe's debt troubles.  The euro had its worst performance...
  • NY coffee ends at 22-mth trough; sugar down, cocoa up
    on May 31, 2012
    Arabica coffee futures closed at a 22-month low on Thursday, marking their sixth straight monthly fall as investor worries about Spanish banks' debts pressured global markets. Raw sugar futures also finished lower in narrow dealings, closing down f...
  • Zambia Corn Policy Hurts Other Crops, World Bank Says
    on May 31, 2012
    Zambia shouldn’t set a producer price for corn because farmers are discouraged from growing other crops like soy and peanuts, the World Bank said.  The policy has “limited private-sector investments in the agricultural sector and constrained...
  • Global growth fears knock wind out of market
    on May 31, 2012
    Major commodities mostly fell on Thursday to conclude one of their worst months since the financial crisis, as escalating fears over the euro zone's debt problems and weak U.S. data crushed investor risk appetite this month.  The benchmark Thoms...
  • Markets are trading mixed at morning
    on May 31, 2012
    Corn futures are trading mixed to mostly lower. Corn futures are lower after a rally in the overnight session on weather concerns. However, the euro zone debt crisis continues to weigh down market prices. Prices should see some support as the doll...
  • Oil Prices Head For Biggest Monthly Drop Since 2008
    on May 31, 2012
    The price of oil is headed for its biggest monthly decline since December 2008.  Oil has dropped more than 16 percent so far in May, erasing all of its gains for the year. That's helped lower gas prices and provided a little financial relief t...
  • Argentina may have bumper soy, corn crop next year
    on May 31, 2012
    Argentine growers could gather bumper soy and corn harvests next season as forecasts for wetter weather bring hope to drought-hit farms, a senior U.S. Department of Agriculture official said on Wednesday. Dryness from the La Nina phenomenon walloped...
  • Asian Currencies Weaken Most Since September on Europe, China
    on May 31, 2012
    Asian currencies had the biggest monthly loss since September as China’s economy slowed and a banking crisis in Spain curbed appetite for emerging-market assets.  The Bloomberg-JPMorgan Asia Dollar Index lost 2.7 percent since April 30 as glob...
  • EU Proposes 'Banking Union'
    on May 30, 2012
    The 17 countries that use the euro should set up a "banking union" that allows them to share the burden of bank failures, the European Union's executive arm said Wednesday, as worries grew about whether Spain has the financial strength to shield l...
  • Crude Options Volatility Jumps as Futures Drop on Stockpile Glut
    on May 30, 2012
    Crude Options Volatility Jumps as Futures Drop on Stockpile Glut - BloombergCrude-oil options volatility jumped as the underlying futures tumbled to a seven-month low on speculation U.S. crude stockpiles climbed to the highest level since 1990. ...
  • Spain’s Banking Rescue Should Become Example for Europe
    on May 30, 2012
    Spain’s Banking Rescue Should Become Example for Europe - BloombergEurope’s leaders can’t save their currency union without figuring out a way to salvage the region’s banks. Spain is a perfect place to start.  Perhaps no country bette...
  • Japan Stocks Fall on Greece Exit Concern, Stronger Yen
    on May 30, 2012
    Japan stocks fell, with the Nikkei 225 (NKY) Stock Average set for its biggest monthly drop in two years, as concern mounted on Greece’s possible exit from the euro and the yen extended gains, dimming the outlook for exporters.  Canon Inc. (77...
  • Gold Poised for Worst Monthly Run in 13 Years on European Crisis
    on May 30, 2012
    Gold Poised for Worst Monthly Run in 13 Years on European Crisis - BloombergGold is poised for the worst run of monthly losses in almost 13 years as concern that Europe’s fiscal crisis is escalating drove investors to seek the dollar as a haven ove...
  • Dimon $2 Billion Blunder Shows Capital Safer Than Swaps
    on May 30, 2012
    Dimon $2 Billion Blunder Shows Capital Safer Than Swaps - BloombergJPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon railed against higher capital requirements last year at the same time his bank was using derivatives to hedge more t...
  • JPMorgan CIO Swaps Pricing Said to Differ From Bank
    on May 30, 2012
    JPMorgan CIO Swaps Pricing Said to Differ From Bank - BloombergThe JPMorgan Chase & Co. (JPM) unit responsible for at least $2 billion in losses on credit derivatives was valuing some of its trades at prices that differed from those of its invest...
  • OIL FUTURES: Crude Tumbles To Seven-Month Low
    on May 30, 2012
    Oil futures fell more than 3% to finish at their lowest level in seven months as Spain's intensifying banking crisis prompted fresh worries about the future of the euro zone.  Light, sweet crude for July delivery settled $2.94, or 3.2%, lower...
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