Futures Trading Education
As the ECB begins its EUR60bn per month QE path, the Euro has hit an 11-year low earlier this morning. It was not that Euro-Zone data was the catalyst as Retail Sales in January were higher after strong German Retail Sales were reported on Tuesday, and the Services...
Futures Trading Education
The big news yesterday was the Key Day Reversal in the German DAX which had risen to new highs after the stronger than expected Retail Sales was released just before I posted yesterday morning. The DAX which had risen to new all-time highs at 11470 after the release...
Futures Trading Education
It was a down and up past 24 hours for the US Dollar, with the European session seeing a brief rally in the Euro as the Euro-Zone’s Manufacturing PMI was barely revised at 51 from its preliminary reading at 51.1 and with no ugly CPI headline or core surprise with the...
Futures Trading Education
Over the weekend China’s PBoC announced a 25bp cut to both the 1 Year lending Rate and the Deposit Rate, which follows the cut to the Reserve Requirement Ratio on 4 Feb. The new rates are now 5.35% and 2.5% respectively. The Chinese easing signal will probably...
Futures Trading Education
The history books that are today’s newspapers are already writing that the sharp move in the US Dollar over the past 24 hours was primarily the result of US inflation data. CPI, while showing a negative headline print for the year-on-year change, is encouraging...
Futures Trading Education
In the absence of anything particularly exciting to say about markets over the past 24 hours, it is worth noting that Irish 10 Year Government Bonds have just fallen below 1% for the first time, having been above 14% at the height of the Euro-Zone crisis less than 7...
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