Futures Trading Education
Risk markets recovered their poise on Friday even though the December Payrolls report came in line with original market expectations and so falling a little short of the expected No’s on the back of the stronger ADP Nos on Thursday. The Japanese Yen was again...
Futures Trading Education
US Equities fell yesterday after Wednesday’s spectacular rally as the Fed said they will probably end their $85 billion monthly Bond Purchase Program sometime in 2013. The minutes released yesterday show a divide among FOMC participants who provided estimates...
Futures Trading Education
Wall Street having bought the rumour of a Fiscal deal on Monday also bought the fact on Wednesday. The S and P 500 added 2.0% to Mondays 1.7% gain. The Dow also added nearly 2% while the Nasdaq rose by almost 3%. No-one seems to be under any illusion that we can avoid...
Futures Trading Education
After I posted my commentary very early this morning the US House passed the bill undoing tax increases for 99% of American Households giving a victory to President Obama. The vote was carried by 257/167 after a tension filled night as Republicans balked at the...
Futures Trading Education
US Equities staged a strong rebound on New Years Eve in the wake of a deal approved by the Senate and with the blessing of the White House to at least temporarily avert much of the Fiscal Cliff. The S&P posted a 1.7% gain putting the Index back roughly to the...
Futures Trading Education
The 8pm deadline for last night, set by Senate Majority Leader Harry Reid, passed without any agreement on the Fiscal Cliff. Conflicting reports continued to circulate over the weekend about the state of the talks but the FT reports that Democrats reportedly said that...
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