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03/13/2020: Euro Currency Stages Rally on U.S. Weakness

The Euro zone currency is currently staging a signficant rally after being oversold. While many analysts continue to be pessimistic about the Euro/U.S. Dollar exchange rate due to an unwillingness of European leaders to develop a unified plan for handling both the virus crisis and also the lack of fiscal restraint by Spain, Italy, and Greece, there is also "incredible" lack of fiscal restraint by the U.S. Congress. It has just approved a $2.2 trillion "quick fix" bill to bail out the U.S. economy and prevent major corporation failures thus increasing the national debt signficantly. That could weaken the Dollar against the Euro, and ultimately determine the exchange rate despite the Euro's other economic problem with weaker states.

Our recent article on the Euro Currency is in the Archives Section below.

03--25-2020: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 03/25/2020 on the other major commodities not being currently being reviewed or traded on this site. One way to choose a commodity for review is to look at the previous activity and compare it to the present one, to see if there were any dramatic changes. Commodities currently under review on our list of about 18 on this site are not shown below. It's a way of keeping track of what else is going on with other commodities.


Current Activity:                                                                                           Previous Activity

The ratings are good only for date shown, and rapidly change each day, whereas we review the list only periodically. Once a commodity appears on our list of articles and is being currently traded, we consider its long-term direction has been established and trade consistently from that direction wtihout worrying about day-to-day changes. However, that procedure is not the one we use in swing trading stocks.

Archive List

03-29-2020: June Euro Currency: U.S. Lack of Fiscal Restraint Weakens Dollar

03-13-2020: June Japanese Yen: Flight to Safety

03-04-2020: May Lumber: Struggle to Recover from Supply Disruptions

02-23-2020: March Copper: Virus and Over-Valued Equities Threaten Demand

02-13-2020: March Swiss Franc: Negative Interest Rate Effect

02-01-2020: March NASDAQ 100 Index: Not Virus But Overvaluation Should Be Feared

01-24-2020: March Treasury Notes: Chinese Virus Influences

01-18-2020: March Oats: Reduced Planted Acreage

01-04-2020: March Feeder Cattle: Less Liquidity and Direction

12-19-2019: April Platinum: So. African Power Outages Affect Mine Production

12-10-2019: March Coffee: Global Supply Diminishes

11-23-2019: January Orange Juice: Supply/Demand Issues

10-30-2019: December Ethanol: Uncertainty Faces Use

10-25-2019: December Silver: Bank Illiquidity Supports Precious Metals

10-21-2019: December British Pound: Chaos in Parliament

10-14-2019: December Cocoa: Multinationals Urged to Susport Sustainability

10-10-2019: November Rough Rice: Relatively Flat Trade

10-01-2019: November Gasoline:: Saudi Production Limited Impact

09-12-2019: December S&P 500 Index: How Is the Little Guy Benefitted?



Performance

Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.

All Commodities Trades: 02/03/2020 - 03/28/2020

  # Commodity           BS    Buy   Sell   Last    Gain Intended  Rough   Group
                                                 (Loss)    Risk Percent

 4 Apr Ethanol          S         99.60  93.90 $  6,492  14,964  11.1% Energies
 5 Jun British Pound    C 115.12 124.56 125.00 $ 29,350  14,969  16.7% Currency
 7 Jul Cocoa            C  22.10  22.95  22.69 $  5,740  14,980  16.7% Softs   
 2 Jun S & P 500 E-Mini C 218.30 262.30 252.40 $ 43,940  14,900  11.1% Stock Id
 4 May Feeder Cattle    C 129.50 119.20 120.93 $-20,720  14,800   5.5% Meats   
 5 May Hi Grade Copper  S        223.10 217.20 $  7,225  14,875   5.5% Copper  
 5 Jun Japanese Yen     C  90.33  92.93  93.20 $ 16,100  14,938  16.7% Currency
 4 Jul Coffee "C"       L 116.97        116.75 $   -450  14,985  16.7% Softs   
 4 May Lumber           C 309.20 334.00 311.30 $ 10,792  14,916   5.5% Lumber  
 1 Jun NASDAQ 100 E-Min S        786.20 756.80 $    558  14,996  11.1% Stock Id
10 May Oats             C 258.60 272.90 265.50 $  6,850  14,950  11.1% Grains  
10 May Orange Juice     C 105.32 122.06 118.20 $ 24,810  14,985  16.7% Softs   
 6 Apr Platinum         C  59.70  75.32  74.03 $ 46,680  14,970  11.1% Prec Met
 2 May Gasoline         S         66.30  61.40 $  4,056  14,952  11.1% Energies
10 Jul Rough Rice       S        140.34 139.70 $    980  14,980  11.1% Grains  
 4 Jun Swiss Franc      S        105.19 105.34 $   -870  14,950  16.7% Currency
 2 May Silver Mini      C  12.34  14.92  14.53 $ 12,840  14,950  11.1% Prec Met
10 Jun Treasury Notes   C 137.47 138.27 138.27 $  7,700  14,900   5.5% Finance 

            Adjustment for Open Positions: -($   17,991)

Prior to 3/23::
Other Gains/-Losses This Reporting Period:   $  943,749  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $1,127,831

Stocks Site.

Music of Francis Poulenc

Trading in commodities involves substantial risk and past performance is no guarantee of future profits.  Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions.  No one should follow investment advice blindly.  This web site should be used only as a "sounding board" for confirming one's own opinion.  Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders.

Recommendations may include trades which have already been made on the same or a previous day, otherwise the issue is placed on a "watch list." Suggested trades are based upon an approximate maximum $15,000 capitalization requirement per trade, depending upon initial contract margin requirements.  Zenith's actual trades may be larger.  $22 per round turn for futures is deducted from profit figures.   Commodity option trade recommendations are not tracked, but performance should parallel that of the underlying commodity's.

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