Futures Trading Education
Friday was a case of another day, another US Dollar slide (plus new record closing highs for the Dow, the S&P500 and NASDAQ, but that almost goes without saying these days). The week’s glamour stat., US December CPI showed core inflation rising at a higher than...
Futures Trading Education
We had quite significant market moves across most asset classes since I posted early yesterday morning, this time led by Euro strength after ECB minutes signal change in communication in coming months, while Brent Crude tops $70 for first time since Dec 2014. The...
Futures Trading Education
The sell-off in US Treasuries and steepening of the curve that has been the focus of markets this week initially extended further after I posted yesterday morning, but has since retraced. The US 10y yield reached a high of 2.595% before moving back to 2.55%. The...
Futures Trading Education
10 year US Treasury yields have broken through the 2.50% mark for the first time since mid-March aided by yesterday’s Bank of Japan’s decision to trim its longer dated JGB buying strategy while bond issuance and a jump in energy prices have also been factors at play....
Futures Trading Education
The US Dollar is now up on the year thanks largely to Euro weakness, the latter despite strong and better than expected Euro-Zone Confidence readings. Bonds essentially flat, UST 10s holding just beneath 2.5%; fresh highs for S&P and NASDAQ (but not the Dow) in...
Futures Trading Education
A mixed US labour report and a softish ISM Non-Manufacturing print had minimal impact on the US Dollar and US Treasury yields while global equities have continued on their merry way higher amid a supportive global economic backdrop. Strong Canadian Jobs were the big...
Futures Trading Education
Positive economic data releases yesterday have helped reinforce the view that the ongoing broad based global economic recovery still has a lot of legs. US equities are again making new highs and barring Mexico (MEXBOL Index) all other major equity indices have closed...
Futures Trading Education
The tepid US Dollar resurgence that started late on Tuesday night continued yesterday with a strong ISM manufacturing print and Fed Minutes with a hawkish tinge only having a subdued positive impact. The US Treasury curve has ended the day flatter and US Equities had...
Futures Trading Education
US equities have started 2018 on a positive note with technology shares leading the way. Core global Bond Yields are higher with 10y UST up 5.8bps to 2.457% and the US Dollar has started the new year in the same way it ended 2017, weaker across the board. The NASDAQ...
Futures Trading Education
The final trading day of 2017 featured similar themes to the preceding week. Year-end flows and lower liquidity remained a key feature of markets. US equity Indices fell around 0.5% on Friday, with all major sectors in the red. The S&P ended the last trading...
Futures Trading Education
Seasonally light liquidity and end of year rebalancing flows continue to dominate price action. The USD index has slipped 0.2% and gains by G10 peers are broad-based, with the Swiss Franc, EUR and Canadian Dollar the top performers. The EUR/USD (+0.5% to 1.1946)...
Futures Trading Education
Markets over the Christmas period have been quiet with equities basically unchanged while the US Dollar is broadly weaker as US Bonds lead gains against its Global peers. In terms of data the Conference Board measure of US Consumer Confidence undershot expectations,...
Futures Trading Education
Pro-Independence parties held off the challenge of Unionists in a tightly fought Catalan election yesterday, securing a majority in the regional parliament and delivering a stunning blow to Spanish Prime Minister Rajoy. The three separatist groups claimed 70 seats in...
Futures Trading Education
Yesterday, Sweden’s Riksbank was the latest central bank to announce the cessation of its QE bond buying programme, at the end of the year (albeit it has said it will front load its reinvestment programme for maturing bonds such that its balance sheet will continue to...
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