Sugar closed lower as the ISO continued to estimate big production and big supplies around the world. The close was weak and implies that further losses are coming.
In the last 24 hours the bonds have had quite a range falling as low as 142’08 as the market sold off based on comments from Fed Chairman Bernanke that the possibility exists that the Fed may slow down bond purchases by September.
Over the past week crude oil prices have been rocked by conflicting macroeconomic data and a suspected price-fixing scandal, leaving many investors questioning the validity of current price levels. Tap into that volatility with a put spread.
A financial crisis is almost certainly in the cards for Japan, and it is just a question of timing. Unfortunately, the government may have fast forwarded that date.