For Futures Trading: Financials and Soft Market Information

We are going back with the futures trading markets. If you care about these markets, you may wonder how they are going on, if there is any change in the market? I will not let you wait for long. This time, we will stop by the financial and soft home to discover new information this week.

It seems that financial market put much control on the others. Changes in this market always influence in wide rank. So, we would better stop by financial home first. The market is waiting for the Federal Reserve meeting in the latter part of the week. That should the government keep buying toxic assets to help with the recovery is in argument. We are expecting that the Fed may keep rates as is and give some supports to the current market. This is a chance for officials to ask where the market is headed. It is important to listen to the language that will be announced.

Investment banks had one of their best years last year. However, this year it may be difficult for them to duplicate results. Volume is supposedly down significantly. According to analysts' speculation, the 2010 forecast for profits may be lower. New stock offering are down 15%, in the mean time bond issuances is down 25% from last year. Due to Congress' new regulation, Goldman and Citigroup will not be allowed to have sole proprietary desks. Financial firms hired employees because of a stellar 2009 but now have more mouths to feed. That this could also cause lower profits is what we do not expect at all.

Turn to the next aspect in fiance, the S&P was up slightly 1.50 points to 1122.50 while the DOW was up 16 points to 10558.00. The market is looking for some sort of positive language from the President today. His job as President is to keep Americans calm and to give some supports to the markets. Put down long term worry about the market, our daily job is be back to the currency converter calculator to check for the currency exchange rates today. The number affect directly on our business, so don't be late!

Chart courtesy Gecko Software's Track n' Trade Pro
Past performance is not necessarily indicative of future results.

We don't have much time to view all the aspects, so now turn to the Softs home to get closed to the Coffe and Sugar markets. Coffee prices remain close enough to $2.00 that it seems the long term objective of 208 is just a matter of time. Yet for the past few weeks, it has regularly been mentioned how this market feels heavy to traders. They continue to hold onto their objective, but feel a violent drop (can and will) gain momentum if given technical help. For instance a break below 185, or 182 in KCZ could feed on itself. So again longs should be wary. And here is our expert saying: "I'm not saying it'll see a drop to 175, or 165, but hey stranger things have happened."

Chart courtesy Gecko Software's Track n' Trade Pro
Past performance is not necessarily indicative of future results.

About Sugar, it too looks headed for 2650, and this morning SBV has already reached 2560. Remain a friend to the long side, but as mentioned previously, "never marry a position."! Exchanging vows with a position can only lead to an ugly divorce. Owning downside protection via puts may be costly, but it may also prove a prudent prenuptial agreement.

You have just finished visting some futures market homes to have an outline of things are going to happen. Plan for your business carefully and make sure you are in possitive positions! For the best supporting, check out the daily futures prices to have a full view of the markets. I will be back with you guys next week for the new information. Bye from now, wish you a successful trading week!