Futures Trading Education
Yesterday was another trading session where the US Dollar continued to weaken whilst gains in Sterling, Euro and Japanese Yen were driven more by momentum and market ‘stops’ being triggered than any fundamental economic news. Earlier yesterday morning the...
Futures Trading Education
US Equities ground out small gains in a fairly featureless trading session on Friday with the S&P closing 0.2% higher at 1961. The VIX Volatility Index closed the week at 11.27 which is historically extremely low. Of some help to risk assets was the uplift in the...
Futures Trading Education
Finally we are seeing some two way volatility returning to the markets. The key event yesterday proved not to be the US May PCE Deflators, which came in as expected for both the headline at 1.8% and the core at 1.5%, but the Personal Income and Spending numbers....
Futures Trading Education
In January, the consensus estimate for Q1 US GDP was around +2.6%. In April, just prior to its release, it was estimated at +1.2%. It came in at +0.1%! Yesterday’s revision was put at -2.9%, the biggest Quarterly drop since Q1 2009 and the first time we have had...
Futures Trading Education
Another relatively theme-less trading day yesterday with a plethora of sound bites but not a lot of consistency. US Equities were lower whilst European Stocks closed somewhat mixed. US Bond yields were lower and the US Dollar higher as the Euro was the G10...
Futures Trading Education
Yesterday was a tale of three PMI’s. Following the stronger than expected HSBC/Markit China PMI which drove the Australian Dollar to the top of the G10 currency leader board we had the Euro-Zone and US equivalents. Euro-Zone PMI’s disappointed with the...
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