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04-24-2019: Swiss Franc Exchange Rate Influenced by More Than Negative Interest Rates

The Swiss National Bank has been determined to weaken the Swiss Franc currency exchange rate in order to prop up export competition. Although it has recently been successful by charging "negative" interest rates (charging interest rather than paying interest on savings), one might still be persuaded to ask why anyone would want to buy Swiss Francs that charge interest on savings. The answer lies in financial manipulations by large banks and professional traders to use a "carry trade" to use cheap Francs in order to pay for higher yielding currencies. While analysts point to the Franc as leading the charge in what appears to be a recent trend straight down, our analysis revieals that the Franc has actually been quite reactive in nature taking occasional bounces.

Our recent article on the Swiss Franc is in the Archives Section below.

04-22-2019: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 04/22 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 just a way of keeping track of what else is going on with other commodities.


Current Actvity:

Crude Oil            96
Feeder Cattle        96
NASDAQ 100 Index     96
Lean Hogs            72
Palladium            24
Treasury Notes       16
Eurodollars          16
Cotton                8
________________________

Swiss Franc        -100
Soybean Meal        -96
Soybeans            -96
Orange Juice        -96
Japanese Yen        -88
Lumber              -88
Sugar #11           -72
Soybean Oil         -56
Rough Rice          -56
Ethanol             -48
Australian Dollar   -16


Previous Activity:

Crude Oil            96
NASDAQ 100 Index     96
Gasoline             96
Lean Hogs            88
Feeder Cattle        88
Cotton               72
Australian Dollar    48
Treasury Notes       16
Eurodollars          16
Ethanol               0
________________________

Japanese Yen        -96
Swiss Franc         -80
Lumber              -80
Orange Juice        -80
Rough Rice          -72
Soybean Meal        -56
Soybeans            -56
Palladium           -32
Sugar #11            -8
Soybean Oil          -8
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

04-24-2019: June Swiss Franc: Negative Interest Rates

04-19-2019: June Gasoline: California Read Misleading

04-16-2019: July Platinum: Catalytic Converters Use Determines Demand

04-07-2019: May Oats: Cancer Concerns Remain

04-01-2019: June Euro Currency: Weakened by both Brexit & Italy

03-24-2019: June Treasury Bonds: Inverted Yield Curve

03-16-2019: April Milk Class III: Below Cost of Production

03-12-2019: May Corn: Intense Foreign Competition

03-07-2019: May Chicago Wheat: Lack of Exports Due to Competition

02-26-2019: July Coffee: Below Cost of Production

02-20-2019: April Heating Oil: Not Correlating Well with Gasoline

02-13-2019: May Copper: Not If but When Price Will Rise

02-06-2019: March S&P 500 Index: Plunge Fears Fade

02-01-2019: April Live Cattle: Freezing Weather in the Plains States

01-26-2019: March British Pound: Deal or No Deal?

01-17-2019: June Gold: Rally Suspect

01-92-2019: March Silver: On Tailwind of Gold

01-02-2019: March Cocoa: Weather and Demand Factors Compete

12-13-2018: March U.S. Dollar Index: Troubles in Other Countries

12-09-2018: March Canadian Doillar: Oil Prices and Interest Rates

12-03-2018: April Natural Gas: Fewer Degree Days, Lesser Storage

11-27-2018: March Mexican Peso: Border Crisis

11-18-2018: March Kansas Wheat: Adequate Global Supply



Performance

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

All Commodities Trades: 04/01/2019 - 04/13/2019


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

 5 Jun British Pound    C 130.73 131.25 131.19 $  1,475  14,969  22.7% Currency
21 May Corn             C 356.50 364.70 361.00 $  7,980  14,910  20.6% Grains  
 7 Jul Cocoa            C  23.78  24.24  24.07 $  3,010  14,980  10.3% Softs   
11 Jun Canadian Dollar  C  75.04  75.10  75.11 $    330  14,850  22.7% Currency
41 Jun Milk Cl.III      C  15.80  15.93  15.83 $  9,430  14,760   5.1% Dairy   
 8 Jun U.S.Dollar Index C  96.63  96.79  96.60 $  1,040  14,960  22.7% Currency
 4 Jun S & P 500 E-Mini C 288.87 290.31 291.25 $  2,760  14,980   5.2% Stock Id
 5 Jun Euro Currency    S        113.40 113.57 $ -1,213  14,938  22.7% Currency
 4 Jun Gold             C 129.72 130.94 129.52 $  4,760  14,920  10.3% Prec Met
 5 May Hi Grade Copper  C 289.80 295.00 294.60 $  6,350  14,875   5.1% Copper  
 6 Jun Heating Oil #2   C 205.10 208.20 207.30 $  7,632  14,868   5.1% Energies
 5 Jul Coffee "C"       C  92.20  96.90  92.90 $  8,663  14,813  10.3% Softs   
10 May Kansas Wheat     C 423.70 441.70 434.20 $  8,700  14,900  20.6% Grains  
 9 Aug Live Cattle      S        118.23 118.20 $   -162  14,940   5.2% Meats   
 9 Jun Natural Gas Mini C  27.04  27.57  27.04 $    923  14,963   5.2% Nat Gas 
19 May Oats             L 277.70        287.20 $  8,455  14,915  20.6% Grains  
11 Jun Mexican Peso 500 C 527.90 516.90 528.00 $ -6,380   6,050  22.7% Currency
 3 May Silver Mini      L  14.91         14.96 $    285  14,925  10.3% Prec Met
 5 Jun Treasury Bonds   C 147.92 148.06 146.91 $    550  14,950   5.2% Finance 
10 May Chicago Wheat    C 457.40 475.50 464.50 $  8,750  14,900  20.6% Grains  

            Adjustment for Open Positions: -($    7,366)

Pior to 4/08:
Other Gains/-Losses This Reporting Period:   $   56,503  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  122,475

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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