Futures Trading Education
At his semi-annual testimony before the Senate, Fed Chair Powell reiterated the Fed’s upbeat assessment of the US economy, noting risks to the outlook remain roughly balanced and that for now the best way forward is to keep lifting rates gradually. On trade, a...
Futures Trading Education
US stocks markets have closed with small losses, at least for the S&P500 (-0.1%) and NASDAQ (-0.3%), though the Dow is up 0.2%. Sector wise, a surge in financials (1.8%) led what gains there have been in the Indices, led by a 4.3% gain for BAML after its EPS of...
Futures Trading Education
In FX, when I posted on Friday the US dollar was making gains against all currencies, the Euro and Sterling in particular were leaking lower and the offshore Chinese Yuan (CNH) had just risen above 6.72, the latter taking AUD down with it. This moves came just after...
Futures Trading Education
Back to positive risk sentiment, aided by both China and the US making noises suggesting the doors are open to resumption of trade talks even if neither side is yet quite ready to walk through them. Alongside, the failure of USD//CNY to hold yesterday morning’s gains...
Futures Trading Education
Unsurprisingly reaction to the US plans to impose tariffs on an additional $200bn of Chinese goods (announced early yesterday), has triggered a sell off across risk assets. European and US equities closed down between 0.5% and 1.6% and the commodity complex is also a...
Futures Trading Education
Just after the US Markets closed in New York last night, red headlines hit the screens saying ‘’U.S is said poised to release $200bn China tariff list’’. This was exactly what President Trump said he would do if China retaliated against the imposition of tariffs on...
Recent Comments