Futures Trading Education
Apart from equity markets, it has been a rather listless past 24 hours for trading, investors recalibrating into Thursday’s US CPI, the next big US data piece in this evolving ‘’high US growth/lack of inflation kick’’ picture for markets. The USD has been moving...
Futures Trading Education
Ten-year U.S. Treasury yields hit a fresh seven-year high as they resumed trading after a holiday, posing a fresh test of investor appetites for riskier assets. Stocks in Asia were mixed, with China’s stock sell-off easing alongside a slump in Japanese shares.The...
Futures Trading Education
Friday’s US Payrolls Report, did nothing to arrest the rise in Treasury yields and where 10s came within kissing distance of 3.25% for a 17bps rise on the week. Upward revisions to July and August payrolls of 87k more than offset the headline miss of 134k and the...
Futures Trading Education
Fed Chair Jay Powell’s remarks late in the New York day on Wednesday suggesting that the Fed is still a long way from neutral, have continued to reverberate around global markets in the last 24 hours, compounding the earlier US data-inspired rise in bond yields. The...
Futures Trading Education
Solid US data releases triggered a sharp selloff in US Treasury yields with the 10y rate climbing to its highest level in 7 years while the 30 year tenor ascended above 3.30% for the first time in four years. Both the ISM Non-Manufacturing and ADP Employment print...
Futures Trading Education
More worries about Italian deficit jitters sends EUR/USD back to 1.1505 before a late afternoon rally, that has continued overnight sees the EUR/USD trading at 1.1580 this morning. Equity markets were weak early following a fresh Emerging Market Asian wobble. However...
Futures Trading Education
European and US markets have started the week with a risk-on slant, even European stocks managing some net gains despite heavy European bank stocks and another step up in Italian Interest Rates as the market re-prices back to a more expansive fiscal setting. Global...
Futures Trading Education
After a volatile trading session on Friday, it was announced earlier this morning that the U.S. and Canada have agreed a new Trade deal. This has resulted in an unchanged Dollar but the US Equity Markets as measured by the Futures Market is set to open sharply higher...
Futures Trading Education
Post the FOMC yesterday, markets were steady until late morning headlines hit the screen suggesting the Italian government was in a quarrel with the two deputy PMs pushing for an increase in the deficit. The news triggered a sharp drop in the Euro which accelerated...
Futures Trading Education
Markets treaded water ahead of the FOMC and with the Statement and projections in line with expectations we have seen limited reaction post. The removal of the word ‘’accommodative’’ did elicit an initial wiggle in US Treasury yields and the US dollar, but with the...
Futures Trading Education
No a huge amount of market volatility over the past 24 hours which is typically the case in front of an FOMC meeting when a rate change, new economic projections, the Fed’s ‘’dot plot’’ and press conference from the Fed chair are all on schedule. US yields continue...
Futures Trading Education
After cancelling trade talks with the US, yesterday morning China released a White Paper accusing the US of intimidation adding that negotiations ‘’cannot be carried out under the threat of tariffs’’. The White Paper set a wary tone to price action with the tech heavy...
Futures Trading Education
UK Prime Minister Theresa May’s demand on Friday that EU leaders treat the UK – and its Chequers proposals – with more respect, saw a large move lower in the Pound on Friday afternoon. Sterling took over centre stage from the mid-week ‘’buy the fact’’...
Futures Trading Education
Risk-on persists with the Dow and S&P hitting new all-time highs on light volume. The markets were helped by US data set signalling positive momentum, Treasury yields little changed but the USD continues its recent retreat. The EUR/USD finally broke and closed...
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