Futures Trading Education
The Economist has described it as political chaos, a Scottish parliamentarian described Brexit as ‘’a step backward into the imagined past’’. Somebody else urged me to use ‘’Houston, we have a problem’’. Whatever the description you choose, it has been extremely...
Futures Trading Education
Yesterday saw wild fluctuations across all asset classes with markets wracked by uncertainty as to whether the UK Cabinet would endorse the 500-page Brexit Withdrawal Agreement stitched together the day before and whether UK Prime Minister Theresa May would imminently...
Futures Trading Education
Sterling is the top G10 performer following news that the UK and EU have agreed on a provisional Brexit deal, but there are still lots of hurdles to overcome, UK Cabinet members now need to decide to back the deal or resign. Positive US-China sound bites have...
Futures Trading Education
USD Indices have made new highs with Sterling and EUR leading the G10 declines amid increasing concerns Prime Minister May won’t be able to get her Brexit deal through Parliament while Italian budget uncertainty has also weighed on the Euro. US equities have started...
Futures Trading Education
The (repeat) lessons from Friday is that the US Dollar cannot go down if the EUR and Sterling are not going up and that the USD goes up when risk sentiment goes down. Thus a give-back of much of the recent Brexit Withdrawal Agreement-related optimism on GBP, related...
Futures Trading Education
The FOMC left Interest Rates on hold as expected with a statement only and only finessed. The market is still firmly priced for further rate hike next month. The US Dollar rose on this news with the EUR/USD closing near the lows of the day at 1.1360. ECB President...
Recent Comments