Futures Trading Education
A lot of the attention yesterday remained centred on the commodity space with Oil prices down another 1%, Brent crude at $39.70, down 0.97%. Not surprising then that the Oil-linked currencies were mostly sold lower including the Canadian Dollar which closed weaker by...
Futures Trading Education
Just before the New York close on what was another extraordinary volatile trading session the RBNZÂ cut its key rate to 2.50% from 2.75%. In the statement the RBNZ has noted that it expects to reach its inflation goal at current policy settings and that the rise in...
Futures Trading Education
The AUDUSD dipped below the 72c mark yesterday amid the ongoing weakness in Oil and bulk commodities. Just after lunch the currency traded down to 0.7192 at the same time that Brent crude fell below $40 a barrel for the first time since 2009. Later in the session, a...
Futures Trading Education
Commodities were front and centre of market attention yesterday, with Oil prices taking another sizeable hit, both WTI and Brent crude down between 5-6% in the wake of OPEC officially abandoning its 30mb target late last week. The price of Oil has made new lows for...
Futures Trading Education
The violent upwards reaction in all things Euro in response to a set of ECB decisions that underwhelmed expectations (and which President Draghi was himself responsible for creating) was compounded by the momentum established in the minutes leading up to the...
Futures Trading Education
Just as I posted yesterday morning China received the official nod from the IMF for inclusion in the SDR as entirely expected, the AUD sits back above 0.72 this morning, notwithstanding another move lower in Chinese Iron ore spot prices overnight. And Cyber Monday US...
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