Futures Trading Education
Almost without irony, I have to report that Friday’s US Durable Goods Orders Report was sufficiently weak to power US stock indices to new record highs, such was the ‘zero for longer’ interpretation of the data. Not the better than expected +4% headline read-out, but...
Futures Trading Education
It was a case of softer than expected readings on both sides of the Atlantic overnight, but in the wash up, the market was inclined to give more credence to the softer suite of US economy reports than for Europe’s. The Bloomberg spot dollar index in net terms is off...
Futures Trading Education
Stock markets continued their recent intra-day volatility over the past 24 hours as the divergence between the German DAX and the US Equity markets narrowed again yesterday with the DAX closing down 0.6% on more Greek worries. Meanwhile the S&P which was down...
Futures Trading Education
Markets in general have been in a holding pattern over the past 24 hours with the US Dollar giving up some of its gains that it made on Monday. The German ZEW Survey for April came and went without fanfare, despite the Current Conditions spiking sharply higher as the...
Futures Trading Education
The RBA’s Glen Stephens spoke yesterday, and some of his words clearly resonated in the FX market if less so in interest rate markets. Newswire headlines screaming ‘Question of interest rate cuts has to be on the table’ and ‘Aussie Dollar will very likely fall...
Futures Trading Education
Following the savaging meted out to Global Stock markets across the board on Friday, markets are stable to higher this morning after yesterday’s news of a 1% cut to China’s Reserve Requirement Ratio, to 18.5% which is effective today. This is double the size of the...
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