Futures Trading Education
Former Fed Chairman Alan Greenspan in a Bloomberg TV interview, speaking of a bubble in the bond market. “By any measure, real long term interest rates are much too low and therefore unsustainable. When they move higher they are likely to move reasonably fast. We are...
Futures Trading Education
The pattern of a weaker US Dollar has continued to play out since I posted 24 hours ago, as the Bloomberg Spot Dollar index closed down another 0.29% and the DXY down a larger 0.48%. The Euro has been the largest beneficiary, EUR/USD up and over 1.18, levels not seen...
Futures Trading Education
Whether President Trump and his advisers are fans of Neil Sedaka we probably will never know, but with the Q2 US GDP underwhelming on Friday and seemingly unable to break up into a higher range, Sedaka’s number one hit ‘’breaking up is hard to do’’ could be one of...
Futures Trading Education
Yesterday’s trading session was marked by a mild bounce in the US dollar into the end of the month, amid encouraging signs that this afternoon’s US GDP might yet be a mild overshoot, but against the ever-present continuing saga that is Washington and the Congress....
Futures Trading Education
The FOMC meeting was the big event from yesterday’s trading session and as widely expected the Fed left the Funds Rate unchanged and made a small tweak to its balance sheet unwind guidance noting that a start should occur “relatively soon” rather than “this year”, as...
Futures Trading Education
Judged by Equity, Bond, and Commodity markets, it has been well and truly a risk-on past 24 hours, but it has been more mixed as far as the currency market has been concerned. The AUD did test 0.7970 but was unable to hold that level and now sits back at 0.7940. In a...
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