Futures Trading Education
Late in the New York trading session the US House has passed the US tax reform bill. Legislation subsequently went to the Senate for passage and following a lengthy debate the Tax Bill was passed by 51 votes to 48 with the result coming in just before 6.00 am. The...
Futures Trading Education
US equities have started the week on a solid footing boosted by the prospect of US tax reform becoming law later in the week. The US Dollar is softer across the board and the US Treasury Yield curve is steeper with the move led by the back end of the curve. Politics...
Futures Trading Education
Stocks, the US Dollar and Treasury yields all rose in afternoon NY trade Friday, seemingly in anticipation of Congressional tax writers announcing a reconciled tax plan capable of being voted on by both Houses this week. The unified plan was duly announced at 5:30pm...
Futures Trading Education
US equities retained the negative tone seen during the European session and have been unable to trade in positive territory amid concerns over the prospects for US tax reform. Stronger US Retail Sales only provided a temporary boost to the US Dollar and US Treasury...
Futures Trading Education
Markets yesterday initially took the lead from a lower than expected print on US core CPI for November, missing the 0.2%/1.8% consensus by a tenth, at 0.1%/1.7%. Stocks rallied, the US Dollar faded as did Treasury yields. The Euro rose when the Fed announced its...
Futures Trading Education
Amid light trading both the Dow and S&P made new all-time highs yesterday while the NASDAQ closed flat dragged down by lower prices in the FANG stocks. Meanwhile European equities closed in positive territory. US Dollar indices have edged a little bit higher too...
Futures Trading Education
The past 24 hours has been a night marked by a suicide bomb explosion in Times Square, an event that thankfully inflicted very contained damage to individuals and even less to market stability. The NZD sits at the top of the FX leader board, while at the other end,...
Futures Trading Education
The November US jobs report was good for risk assets depicting a strong labour market, but with no signs of an acceleration in wage growth. This goldilocks scenario helped US equities close the week in a positive note, the US Treasury curve ended marginally steeper...
Futures Trading Education
US Equity Markets were firm yesterday as markets are now in waiting for a some pretty big event risks to pass in the next few days: waiting to see if today’s US Employment Report is strong; waiting to see some agreement on a US tax bill; waiting to see if the US...
Futures Trading Education
Equity markets regained some of their composure helped somewhat by US Dollar as tax legislation reconciliation continues and even as the debt ceiling approaches, coming with an in-line ADP Employment result. A “cautious” Bank of Canada saw the loonie (Canadian Dollar)...
Futures Trading Education
The US Dollar is stronger against most currencies and the AUD has given back all of yesterday’s gains amid overnight softness in metal prices. Meanwhile, US Tech shares have rebounded and the UST curve is flatter driven by a move lower in longer dated yields. In other...
Futures Trading Education
It seemed that a deal over the Irish border was likely to emerge after the May-Juncker lunch meeting yesterday, the market was excited, but a deal did not emerge. There is still confidence on both sides that one can be agreed ahead of the EU December 14-15 Summit,...
Futures Trading Education
Russian Roulette is a pretty dark song, and latest developments in ‘Russia-gate’ centred on what former national security advisor Michael Flynn was prepared to tell about Trump administration dealings with Russia, after earlier admitting he had lied to the FBI, cast a...
Futures Trading Education
US Tech shares rebounded after Wednesday’s worst selloff in a year and news that Senator McCain will support the Senate tax bill provided an additional boost to US equities. The latter was also the catalyst for 10 year US Treasury Yields to break above 2.40% after the...
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