Weekly Futures Recap With Mike Seery

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Precious Metal Futures--- The precious metals had a wild trading session this Friday afternoon in New York and an extremely volatile week with prices fluctuating on news about the fiscal cliff coming out basically hourly for the last couple of days sending prices sharply lower with silver this afternoon in the December contract trading at 33.36 down around $1.16 after making new highs in yesterday’s session and for the 3rd straight day having a $1 dollar move up or down still trading above its 20 and 100 day moving averages and in my opinion I think you will see extreme volatility going into the last days of December due to the fact of the nonsense that is going on in Washington DC while gold futures are down $19 this afternoon in the December contract trading at 1, 709 still stuck in a trading range unable to breakout from this recent trading range with the contract highs in gold at 1,801 which was hit in February and in my opinion I still think the precious metals are headed higher despite today’s activity. Continue reading "Weekly Futures Recap With Mike Seery"

Weekly Futures Recap w/Michael Seery

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

 Currency Futures--- Currency markets today are trading mixed with the Euro currency breaking down 80 points currently trading at 1.2860 causing the U.S dollar to rally sharply by 46 points hitting a fresh six-week high currently trading at 80.56 right near session highs after the Labor Department released the monthly unemployment figures which added 171, 000 new jobs for the month of October with an unemployment rate 7.9%. The Canadian dollar which is been very weak in recent weeks is actually higher today by 25 points trading at 1.0052 and in my opinion is still in a bear market and I do believe will head lower from these levels while the Mexican peso which I have been bearish and wrong so far is up another 50 points 7690 following the U.S stock market today. The Japanese yen has hit a new six-month low down another 70 points at 1.24 with the next major support all the way down to the 120 level still 400 points away and in my opinion I believe that this bear market will continue. The Australian dollar is higher for the 4th consecutive trading session at 1.0357 at a fresh five week high now looking at possibly making new contract highs which were hit mid-September right around 1.0550. TREND: U.S DOLLAR—HIGHER---CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap w/Michael Seery"

Weekly Futures Recap w/Michael Seery

We’ve asked Michael Seery of SEERYFUTURES.COM an IB of Peregrine Financial Group to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show. Continue reading "Weekly Futures Recap w/Michael Seery"

Weekly Futures Recap W/Michael Seery

We’ve asked Michael Seery of SEERYFUTURES.COM an IB of Peregrine Finanial Group to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show. Continue reading "Weekly Futures Recap W/Michael Seery"

Weekly Futures Recap W/Michael Seery

We’ve asked Michael Seery of SEERYFUTURES.COM an IB of Peregrine Finanial Group to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Busines, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show. Continue reading "Weekly Futures Recap W/Michael Seery"