Futures Trading Education
The NASDAQ 100 wiped out one month’s worth of gains in less than five hours on Friday, when it plunged to a 5657 intraday low print. This sell-off dragged the S&P lower with both Indices ending Friday with large Downside Key Day Reversals. This wide ranging...
Futures Trading Education
Sterling has been hammered (-1.7% to 1.2735) as the BBC exit poll points to a Hung Parliament (Tories are set to be 12 seats short of a majority, being on track to get 314 seats; Labour 266; SNP 34; 326 required for majority). While still early days and the result...
Futures Trading Education
Oil (and gas) has been the big mover since I posted yesterday morning, with crude oil prices off between 4% and 5% (WTI – $2.40 and Brent off $1.93). This is all the result of an unexpected large build in oil and gas inventories reported by the Energy...
Futures Trading Education
It was another quiet session yesterday with an ever so slight risk-off tone (Yen, Gold, VIX higher and Treasury yields lower) ahead of Thursday’s key risk events – ECB, UK Election and the Testimony by former FBI chief Comey. As for Comey’s testimony, this may not be...
Futures Trading Education
It has been a quiet past 24 hours for the markets ahead of what could be a stormy Thursday with the ECB, UK election and former FBI Director Comey’s testimony all occurring on the same day. US equities have closed the day marginally in negative territory, tension in...
Futures Trading Education
The highlight of Friday’s trading session was the release of the US Employment data. In the end the numbers were solid enough to keep the Fed on track for a June hike, but not strong enough to erase uncertainties over the future Fed funds rate’s path beyond June. US...
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