Futures Trading Education
The stabilisation in the Turkish lira has helped risk sentiment over the past 24 hours with the S&P500 recording its first positive day in five, but European equities have remained under pressure with the Bloomberg EU Banks Index closing at a new 18 month low....
Futures Trading Education
Turkey still front of mind, but so far contagion has been limited, Equities have been softer, as have base metals (with oil marginally and gold) and there has been some widening of credit spreads, but it’s been a relatively orderly market and with the Turkish lira...
Futures Trading Education
The Turkish Lira’s travails dominated the airwaves and financial market price action elsewhere on Friday. TRY ended the New York day 16% lower, having been down 19% at worse, and has just restarted the week above 7.00 to the USD, some 12% lower. President Trump...
Futures Trading Education
Yesterday’s official confirmation that President Trump had instructed the USTR to consider a higher 25% tariff (from 10%) on the proposed $200bn of Chinese goods triggered an angry response from China, a sell-off in Asian equities and a weaker CNY. European equities...
Futures Trading Education
As I go to press I am still waiting for President Trump to announce at a press conference details on the further $16bn of tariffs and more importantly increase the threatened tariff from 10% to 25% on the additional $200bn in tariffs promised on retaliation. Chinese...
Futures Trading Education
There has been quite a lot of event and data risk over the past 24 hours both in the Asian session and throughout yesterday. When all is said and done, the AUD/USD sits higher on net this morning, likely aided as much as anything by some press reporting that US-China...
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