The recent rally in cotton prices has some rationale. There were several bullish developments, two of which involve China. On the supply side, early frost and snow in key growing regions lowered yields.
The E-mini S&P 500 used an early dip against the 50-day moving average to sling shot reverse and the Index put in new yearly highs. Near-term target 1825; however we are still data dependent.
Commodity investments are heading for record outflows driven by withdrawals from gold exchange-traded funds as some investors lost faith in the traditional store of value, according to Barclays Plc.
Regulators are examining evidence that a small group of senior forex traders at big banks had something else on their screens: Details of each other’s client orders. Sharing that information may have helped dealers at firms manipulate prices to maximize their own profits.