Futures Trading Education
Yesterday’s US Non-Manufacturing ISM Report was very strong , with not only the headline read of 57.1 more than reversing the August drip – and the best since October 2015 – but driven by a leap in New Orders Sub Series to 60.1 from 51.4. Meanwhile the Employment...
Futures Trading Education
Headlines suggesting the ECB is near consensus on the need to taper its QE programme triggered a selloff in core Bond Yields and a mini rally in the Euro. 10y Bunds ended the day 4bps higher at -0.058%, 10y UK Gilts climbed 4.6bps to 0.777% and 10y UST are currently...
Futures Trading Education
Selling of Sterling re-emerged just before I posted yesterday’s Daily Commentary as the prospect of a ‘’hard’’ exit from the EU loomed large. A date for triggering Article 50 announced on Sunday and repealing the jurisdiction in the UK of the European Court of Justice...
Futures Trading Education
Equity and risk markets reversed Thursday’s losses on Friday with the major US Indexes all closing the best part of 1% higher after Agence France Press (AFP) reported that Deutsche Bank and the US Department of Justice were close to agreeing a $US5.4bn...
Futures Trading Education
Markets were relatively calm until after 5.30 pm yesterday when worries again surfaced in relation to Deutsche Bank. A Bloomberg report noted 10 Hedge Funds that use the Prime Broker Services of Deutsche Bank moved part of their listed derivative holdings and hence...
Futures Trading Education
Yesterday we had Fed Chair Janet Yellen give her Testimony to the House Panel on Banking Supervisions. Yet again Ms Yellen managed to talk a lot without saying anything. On Policy she did nothing but reiterate that a majority of the FOMC anticipated raising interest...
Recent Comments