Futures Trading Education
The rapid reversal in post-August 11 Emerging Market and commodity currency weakness continued with a vengeance in the past 24 hours. The Malaysian Ringgit is 3.6% up on this time yesterday and the Indonesian Rupiah 3% higher. At 0.7211, AUD/USD is now 4.1% above its...
Futures Trading Education
The IMF was hogging the news headlines yesterday, though markets have long since given up seeing much information value in the now customary 6-monthly downward revisions to its Global and country-specific growth forecasts. For the record Global Growth is now put at...
Futures Trading Education
Yesterday was a day for risk assets again with the S&P closing out its fifth day of gains, up another 1.85% with EM and European equities also performing well, the Eurostoxx 600 index up a cool 3.01%, with a sea of green gains across this writer’s screen. The...
Futures Trading Education
Anyone looking for redeeming features in Friday’s soft US Payrolls Report was reduced to noting that the weakness in average earnings (flat on the month and unchanged at 2.2% y/y) may have been down to the fact that the Sep 15 mid-month pay day was excluded from the...
Futures Trading Education
At the start of a new quarter, markets are struggling for a clear frame of reference, not yet sure whether bad economic news is good news for risk if it keeps the Fed at bay for longer, or is bad news because it serves to amplify concerns about the overall health of...
Futures Trading Education
The US ADP Employment Report yesterday printed +200k, seemingly confirming that the US economy continues to create more than enough jobs each month to keep the Unemployment Rate trending down to – and through – the so called NAIRU rate (below which further labour...
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