Futures Trading Education
This is the week of Central Bank Meeting Minutes. After Tuesday’s RBA Minutes (and Lowe’s speech Monday) reminded the market the absence of a bias in no way restricts their policy options, yesterday we had the Minutes from this month’s BoE MPC meeting and the April...
Futures Trading Education
The ECB reminded markets that they were still there, and still implementing QE. That allowed for a rally in European stocks and led to underperformance by the EUR. In contrast, better US data (finally!) saw US stocks relatively flat, but yields ended the day higher....
Futures Trading Education
The big mover over the past 24 hours has been the strength in the US Dollar. It is renewed slippage in EUR/USD (down 1.2% on Friday night’s New York close) that has done most of the subsequent damage. This in turn looks linked to the apparent lack of substantive...
Futures Trading Education
Friday was a case of another day, another set of disappointing US economic release. The latest was a trifecta encompassing industrial production (-0.3% vs. 0.0% expected, Michigan consumer sentiment (81.5 down from 88.8) and the Empire Manufacturing survey (+3.09 up...
Futures Trading Education
After Wednesday excitement, there was a collective deep breath yesterday, with some of the preceding moves reversed. There was little newsflow but what there was allowed for some relaxation of the prior day’s anxiety. Equity markets were particularly pleased with the...
Futures Trading Education
The big surprise yesterday was following the release of the very poor US Retail Sales Number that US Treasury Yields would end the trading session 5bps higher. There was plenty of commentary suggesting that the full effect of the harsh US Winter weather has not yet...
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