Futures Trading Education
US CPI readings printed in line with expectations easing concerns over a potential acceleration in the pace of Fed hikes. The news saw US equities open higher while the US Dollar and US Treasury yields moved lower. However, later in the session risk sentiment was...
Futures Trading Education
Yesterday we had a trading session of very contained markets with US Treasury yields trading within recent ranges, stocks mixed, and the US Dollar losing a little more ground against most majors. There has been no major economic data of note. Notwithstanding a...
Futures Trading Education
There was evidently nothing for the US Dollar in what was a ‘’goldilocks’’ US Employment Report on Friday. Fears of 4 rates hikes from the Fed this year have receded while risk sentiment is back firmly in the ascendency for now at least. This turned recent mild...
Futures Trading Education
Just before the US Markets closed last night President Trump convened a meeting in the White House where he finalised his tariff proposal on steel and aluminium imports, with the hope of getting it signed into law overnight (though it could be later today or early...
Futures Trading Education
Yesterday European equities opened with a risk off tone following news that Gary Cohn would resign as President Trump’s top economic adviser. The risk off theme continued for most of the day, but news from the White House just after 6.00 pm, that there is a...
Futures Trading Education
Shortly before the US Markets re-opened last night, President Trump’s Economic Advisor Gary Cohn resigned. This surprise move is weighing hard on equity markets this morning with the Dow trading some 380 points lower from where we closed while the S&P is 30...
Futures Trading Education
Equity markets closed back in the black yesterday with Treasury yields modestly higher amid further focus on Trump tariffs, with an attempted push back from two key GoP members, but an undaunted Trump. The US Non-Manufacturing for February remained very high...
Futures Trading Education
European equities closed Friday sharply lower, but US equities ended mostly higher amid an increase in trade tension rhetoric by president Trump. The US Dollar continued to drift lower on Friday and the US Treasury curve bear steepened, likely reflecting inflationary...
Futures Trading Education
Risk sentiment took a beaten late in the New York session after President Trump confirmed that he plans to impose import tariffs on steel and aluminium next week. US equities were struggling earlier in the session, but the announcement triggered a sell-off across the...
Futures Trading Education
Looking across markets this morning, the standout feature on what was the last day of a fairly tumultuous month, is the relatively sharp fall in all things Sterling. This following the 120 page presentation by the EU chief Brexit negotiator Michel Barnier, in which he...
Futures Trading Education
The Euro is lower, pushed back by a stronger US Dollar in the wake of Fed Chairman Powell’s maiden testimony on monetary policy and the economy to Congress, yesterday afternoon to the House, with the Senate testimony coming this afternoon. US Treasury yields are a net...
Futures Trading Education
US equities had another solid day, boosted by further declines in US Treasury yields while the VIX index continues to decline. The big dollar is little changed with the Canadian Dollar and Mexican Peso under pressure as NAFTA talks resume. Position squaring is...
Futures Trading Education
A particularly good day for US stocks on Friday, the S&P500 gaining 1.6% with all sectors in the green and meaning that the Index has now recouped more than 50% of its early February (10.1%) fall to be only 4.4% off from its 26th January record high (and the...
Futures Trading Education
The post-Minutes US growth upgrade enthusiasm saw the US Dollar hold its ground through the London session, but Treasury yields began to reverse course through the day session yesterday, perhaps setting the scene for a USD pull-back today. It was not a day of top tier...
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