Futures Trading Education
Commodity prices continued to be hit yesterday, leading to the overall Commodity Index falling to a 5 year low. Iron Ore led the decline, falling below $80 for the first time since June 2009. The fall in commodity prices led to the Australian and Canadian Dollar...
Futures Trading Education
The US Dollar strengthened against all G10 Currencies on Friday with the Euro closing down 0.7% to 1.2832 before recovering some ground this morning whilst Sterling gave back all of its immediate post Scottish Referendum outcome gains. On Friday morning Sterling was...
Futures Trading Education
The big news overnight was Scotland voting decisively to stay in the United Kingdom. Whilst we are still waiting for the final results it looks like its was a 55%/45% in favour of the ‘NO’ vote. Sterling hit a 2 year high versus the Euro at .7800 and also...
Futures Trading Education
The FOMC made no change to its forward guidance retaining its line that the Fed Funds Rate will remain low ‘for a considerable time’ after QE ends. They remain quite dovish on the labour market and still see a ‘significant under-utilization of labour...
Futures Trading Education
The US Dollar had a sharp fall as expected yesterday with the Dollar being further weakened after Wall Street Journal’s Fed watcher Jon Hilsenrath said that the FOMC will not make a major change in its statement tonight and will maintain its pledge to keep the...
Futures Trading Education
There were no big moves in the markets yesterday as we count down to the FOMC announcement tomorrow evening. European equity markets were hit by weak data and this weighed on US markets after they opened. However the Dow rallied late on in the trading session to close...
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