Trade Mark

08-13-18: Two Years After Brexit Vote, the Pound Still Suffers as a Result

Why are voters so stupid? We have only to look at our President to see how uninformed they can be. But if a Brexit Referendum were held today, the majority of the British public polled would vote against the measure. They came to learn the hard way what trade restrictions can do to ruin an economy in today's global marketplace. But unwinding Brexit, while possible, is unlikely and extremely difficult politically. Much of the damage that was done cannot be undone quickly.

The Pound exchange rate is accelerating to challenge previous record lows seen immediately after Brexit. Even raising the interest rates by the Bank of England, where interest rates are a prime attractor for foreign investors, did not seem to be able to counter the slide in the Pound as confidence deteriorates that the British Government can work its way out of this mess. Instead, from the EU, it appears now to be "no deal."

Our recent article on the British Pound in the Archives Section below.

08-10-2018: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 8/10 on the other major commodities not being currently being reviewed or traded on this site. To pick the commodity for our next review, Zenith will usually refer to such a list and pick the commodity which has one of either positive highest or negative lowest scores. 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 with other commodities.


Current Advitity:

U.S. Dollar Index   100
Oats                 64
S&P 500 Index        64
Chicago Wheat        56
Eurodollars          56
Treasury Notes       48
Kansas Wheat         40
Treasury Bonds       40
Lean Hogs            16
Live Cattle          16
________________________

Cocoa               -88
Soybean Oil         -80
Soybean Meal        -80
Gasoline            -72
Silver              -72
Swiss Franc         -72
Hi-Grade Copper     -56
Orange Juice        -24
Cotton              -24
Japanese Yen        -16
Mexican Peso         -8


Previous Activity:

U.S. Dollar Index    96
Chicago Wheat        96
Live Cattle          96
Mexican Peso         72
Oats                 48
Kansas Wheat         48
Orange Juice         48
Gasoline              8
________________________

Euro Currency      -100
Cocoa               -96
British Pound       -96
Hi-Grade Copper     -88
Eurodollars         -80
Silver              -64
Lean Hogs           -64
Japanese Yen        -56
Soybean Oil         -40
Treasury Notes      -40
Swiss Franc         -40
Treasury Bonds      -32
Soybean Meal        -24
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. Granted, that's not how most other futures traders work nor how we trade stocks; but we have found it to be effective for commodities to trade that way.

Archive List

08- 13-2018: September British Pound: Two Years Later Brexit Sill Crushes

08-06-2018: September Euro Currency: Southern Member States Weak

07-30-2018: October World Sugar: World Oversupply

07-19-2018: September Palladium: Catalytic Converter Future in Doubt

07-17-2018: August Feeder Cattle: Consolidating

07-05-2018: October Natural Gas: Production Exceeds Current Demand

06-29-2018: September Canadian Dollar: Victim of Trumponomics

06-22-2018: August Gold: Strong U.S. Dollar Weakens Gold

06-18-2018: September Coffee: Oversupply

06-16-2018: July Lumber: Politicians Upend Market

06-12-2018: July Soybeans: U.S. / China Trade Critical

06-08-2018: July Rough Rice: Trade Wars Muddle Exports

06-04-2018: September NASDAQ 100 Index: No Bargains

05-30-2018: August Ethanol: Government Mandate Optimism

05-29-2018: July Corn: Slight Carryout Decline

05-23-2018: July Platinum: Too Early for Electric Cars

05-13-2018: July Milk Class III: Questionable Supply & Demand

05-09-2018: July Crude Oil: Supplies Cut Off

05-03-2018: June Australian Dollar: About Interest Rates

04-29-2018: July Heating Oil: Tracking Crude Oil Higher

Performance

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

This beginss Zenith's Third Quarter with new cumulative totals.

All Commodities Trades 07/02/2018 - 08/04/2018:


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

 2 Sep Ethanol          C 142.20 134.40 134.90 $ -4,584   4,524  13.3% Energies
10 Sep Australian Dollr C  73.10  74.24  72.91 $ 11,100  14,900  17.3% Currency
18 Dec Corn             C 372.30 386.90 371.80 $ 12,600  14,850  17.4% Grains  
11 Sep Canadian Dollar  C  76.36  76.89  76.16 $  5,500  14,850  17.3% Currency
 5 Oct Crude Oil        C  66.08  68.58  66.94 $ 12,350  14,950  13.3% Energies
18 Sep Milk Cl.III      C  15.52  16.14  16.13 $ 21,780  14,760   5.7% Dairy   
 5 Sep Euro Currency    C 114.63 116.15 114.29 $  9,350  14,938  17.3% Currency
 4 Dec Gold             C 121.80 122.11 121.90 $  1,120  14,880  17.4% Prec Met
 4 Oct Feeder Cattle    C 149.88 152.84 149.48 $  5,800  14,980   5.8% Meats   
 4 Oct Heating Oil #2   C 210.10 217.20 214.40 $ 11,808  14,952  13.3% Energies
 6 Sep Coffee "C"       C 106.90 109.70 107.00 $  6,120  14,850  11.5% Softs   
 2 Sep NASDAQ 100 E-Min C 741.80 747.60 742.70 $  2,260  15,000   5.8% Stock Id
11 Oct Natural Gas Mini S         29.52  29.49 $   -248  14,960   5.8% Nat Gas 
 2 Sep Palladium        C 888.60 911.50 901.10 $  4,520  14,980  17.4% Prec Met
 9 Oct Platinum         S         83.89  82.96 $  3,915  14,940  17.4% Prec Met
12 Sep Rough Rice       C 105.22 116.08 105.50 $ 25,704  14,976  17.4% Grains  
 7 Nov Soybeans         C 863.70 910.80 861.80 $ 16,275  14,945  17.4% Grains  
14 Oct Sugar #11 World  C  10.47  11.01  10.54 $  8,047  14,739  11.5% Softs   

            Adjustment for Open Positions: -($    3,668)

Prior to 8/06:
Other Gains/-Losses This Reporting Period:   $  502,330  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  652,080

Stocks Site.

Music of Tschaikovsky

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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