Futures Trading Education
On what turned out to another quiet trading session ahead of the FOMC Meeting on Wednesday the biggest move on Friday was in USD/JPY which had its biggest one day move since the Bank of Japan announced its negative interest rate last February. The USD/JPY moved from...
Futures Trading Education
The ECB came and went without any new ‘stimulatory’ measures announced and none was expected. ECB President Dragi’s opening statement at his press conference did initially reference that interest rates would remain ‘at present levels or lower for an extended period’...
Futures Trading Education
Oil prices remain the main driver for markets and as it has been the case this week the assessment of good news continue to prevail over bad ones. Oil prices took another leg higher yesterday following a US Energy Information Administration Report that showed a sharp...
Futures Trading Education
Broad based US Dollar weakness and higher oil prices have again boosted risk assets over the past 24 hours with energy and material shares the outperformers in both Europe and the US. Commodities are higher across the board while commodity related currencies sit at...
Futures Trading Education
When the US after market opened for oil on Sunday evening, WTI and Brent were down over 6% on Friday’s close. These lows were in place when I posted at 7.30 am yesterday morning, but those prices proved to be the lows for the day with Oil now trading close to last...
Futures Trading Education
Regardless of whether an agreement yesterday by major oil producers to freeze oil production would have had any meaningful impact on oil prices beyond the psychological boost it might have provided, the failure of the Doha talks to agree anything serves to underscore...
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