Futures Trading Education
Everything is rosy nicely captures the key upbeat message from Fed Chair Yellen appearance before Congress alongside the better than expected US and EU economic data. Higher German inflation looks to have been the trigger for an uplift in core Global Bond Yields while...
Futures Trading Education
It has been a pretty busy past 24 hours with Fed Chair in waiting Powell appearance before a Senate committee, mixed US data releases, confirmation of UK-EU Brexit bill (after some confusion), North Korea launching a ballistic missile and lastly the US Senate Budget...
Futures Trading Education
A relatively quiet start to the week following a relatively quiet holiday-impacted end to last week with the JPY and NZD sharing equal top spot in terms of 24 hour FX performance, confirming the absence of any real rhyme or reason to this market. US stocks closed flat...
Futures Trading Education
Germany’s efficiency is back, which is a big part of the story vis-à-vis the largely Euro-led weakness in the US dollar in the last week or so and which gathered momentum on Friday. It came alongside a resurgence in risk sentiment, exemplified by the VIX trading back...
Futures Trading Education
I wrote yesterday how the US Dollar had been sold lower on the back of the cautious comments from Fed Chair Janet Yellen the previous evening in her fireside chat with ex Bank of England Chief King. That selling continued after I posted yesterday morning with the...
Futures Trading Education
Yesterday we had the UK Budget where UK growth estimates have been marked down from low productivity. Growth for 2017 was cut down from 2.0% to 1.5%, 1.4% growth expected for 2018, then to 1.3% for 2019 and 2020. This is a far cry from the 2½-3% growth not only in the...
Futures Trading Education
Yesterday we saw a return to risk sentiment, with US equities closing at new all-time highs which helped the VIX to close back below 10 for the first time in two weeks. The S&P closed up 0.7% to sit at 2600. Meanwhile RBA Governor Phil Lowe yesterday morning...
Futures Trading Education
Yesterday’s trading session saw an improvement in risk sentiment with European equities closing in positive territory while US equities also closed higher. The US Dollar is stronger against most currencies and US Treasury yields are also higher with the move led by...
Futures Trading Education
What is particularly noteworthy about the losses seen on Thursday and Friday is that they came in the face of a US Dollar that was falling not rising and also in the midst of a rally in Emerging Market currencies. The JPM EM FX index of global EM FX has been falling...
Futures Trading Education
For all the talk of an emerging bear market in equities of late, and for whatever reason, European and US equities have reversed in size which started shortly after I posted early yesterday morning, led by tech stocks. After testing three month highs, the VIX index is...
Futures Trading Education
The mild risk off tone continued yesterday with both equities lower (S&P500 -0.4%, Euro Stoxx -0.3%), and Bond Yields lower (USTs -3.9bps, Bunds -21bps), while the VIX crept higher but is still at a low 12.91. Economic data certainly does not support the risk off...
Futures Trading Education
Caution remains the main theme in markets with equities softer on both sides of the Atlantic weighed down by the energy and materials sectors amid softer oil and metal prices. Ahead of US CPI this afternoon the US Dollar and longer dated US Treasury yields are lower...
Futures Trading Education
Frankfurt is the town and the great and the good of the global central banking fraternity will be the doing the talking later today at an ECB sponsored conference on Central Bank Communication. Yellen, Draghi, Carney and Kuroda are among those scheduled to talk. The...
Futures Trading Education
A somewhat bitty, non-descript market on Friday with asset markets not all marching to the same tune. The approach of Monday’s US Vets. Day holiday looks to have contributed to the malaise. The main feature was US Treasury yields pushing higher, back testing 2.40%....
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