Featured Topics
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Commodities
Cocoa moves higher, but rally running out of steam
Cocoa closed higher in range trading. Very little has changed fundamentally, and that could become a challenge for the bulls as the market needs news to keep the move higher intact.
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Financials
FOMC, CPI and housing data on tap next week: Trader's Calender
Traders have a busy week of economic reports next week including the December FOMC meeting, CPI readings and a number of housing reports.
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Forex
Dollar rallies as retail sales gain fuels Fed taper speculation
The dollar rose for a second day after retail sales gained more than forecast last month, adding to speculation the Federal Reserve will move to trim its $85 billion of monthly asset purchases at a meeting next week.
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Regulations
Wetjen said to face vote as acting CFTC head replacing Gensler
CFTC Commissioner Mark P. Wetjen is poised to be voted acting chairman of the top U.S. derivatives regulator within days.
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