Futures Trading Education
The market’s knee jerk reaction to “no” outcome from the Italian referendum saw the Euro fall back by over a big figure for an hour or so, but that was it. Well at least the polls were right this time! And so the Italian people have voted “no” to the constitutional...
Futures Trading Education
Italian Prime Minister Matteo Renzi has resigned after suffering a heavy defeat in a referendum over his plans to reform the Country’s Constitution. In a late night news conference, Renzi said he took responsibility for the outcome, and said the ”No...
Futures Trading Education
Sterling was one of the top G10 performers yesterday following comments from David Davis (UK Brexit minister) that the UK may pay the EU for market access. Reactions to the comments saw the GBP/USD jump almost two big figures from 1.2511 to 1.2696 and although some of...
Futures Trading Education
OPEC has by all accounts struck a production deal to limit its overall output to 32.5 million barrels (a drop of 1.2million barrels) and Russia will reportedly join in with a 600,000 barrel a day cut. Iran and Saudi Arabia are said to have agreed that Iran’s output...
Futures Trading Education
If it was not for the OPEC meeting later today then yesterday’s trifecta of solid US data releases should have provided a boost to risk assets, sent US Treasury yields higher and boosted the US Dollar. Instead while equity markets had a decent past 24 hours,...
Futures Trading Education
Though it is tempting to look at market price action since the start of the week and suggest that ‘Trumphoria’ is waning, I am much more inclined to view the USD/JPY-led decline in the US Dollar, modest dip in Bond Yields and softer stocks as more reflective of short...
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