Futures Trading Education
The risk on tone continued yesterday with the S&P500 hitting another record high (+0.3%), Bond Yields rose across the board (US Treasuries +3.7bps), while the US Dollar held onto Monday’s gains. Outperforming was Sterling (+0.9%) on the back of stronger...
Futures Trading Education
A broad risk on rally that started in the Asia continued after I posted yesterday morning driven by expectations of a lower damage bill from Hurricane Irma and the absence of geo-political headlines with North Korea not launching an ICBM on Saturday as many had feared...
Futures Trading Education
US Stock Indices closed in negative territory on Friday, but are trading higher this morning after Hurricane Irma largely spared Miami after the hurricane was downgraded to a Category 3 storm. US Treasury Yields rose while the Canadian Dollar was soft after a mixed...
Futures Trading Education
Yesterday we had the ECB Meeting which resulted in another move higher in the Euro (+0.9% to 1.2023) and this rally has continued overnight with the Euro now trading at new highs for the year at 1.2080, while German Bund yields closed lower (-4.0bps to 0.31%). Those...
Futures Trading Education
The Canadian Dollar is the top performer following the Bank of Canada’s decision to lift Interest Rates by 25bps. Later in the session UST yields and the US Dollar got a lift following news that President Trump had accepted a Democrat’s deal to lift the debt ceiling...
Futures Trading Education
Markets are now on high alert due to the potential destruction of much of this year’s Florida citrus crop as Storm Irma threatens to make landfall in southern Florida this weekend. Orange juice futures closed limit up in Chicago and one investment analyst is...
Futures Trading Education
There are plenty of news stories about the muted reaction from markets to the latest escalation on the Korean peninsula. The AUD dipped ever so briefly at the open yesterday but even that modest move was short lived and rather slight in magnitude. How indeed to price...
Futures Trading Education
Well nothing like a Hydrogen bomb to get people’s attention. After a risk positive trading session on Friday, news on Sunday that North Korea successfully tested a more advanced nuclear weapon has this morning triggered a bid for safe haven currencies (JPY and CHF)...
Futures Trading Education
It was another FX dominated session with the standout performer being the Canadian Dollar, up 1.1% after stellar Q2 GDP figures. For Canada it seems that the markets have now fully priced another rate hike by the Bank of Canada by the end of the year with a 41% chance...
Futures Trading Education
The US Dollar rose 0.6% across the board since I posted yesterday morning in reaction to stronger than expected US GDP growth and a stellar ADP Payrolls print. Equities were also supported, up 0.5% in US and Europe. The upwardly revised GDP figures are the first hints...
Futures Trading Education
The “risk off” sentiment that overshadowed markets after the launch of yet another missile from North Korea did not even last 24 hours. Most stocks were in the red, mirroring Asia, risk currencies such as the Aussie and NZD were somewhat lower (the AUD/USD did not...
Futures Trading Education
With Jackson Hole out of the way, markets and related news have been more focussed on Hurricane Harvey, some more news stories out of the West Wing and the resumption of UK-EU Brexit talks. It was a bank holiday in the UK. However just after the US Markets closed in...
Futures Trading Education
Jackson Hole came and went and we were left none the wiser in terms of near term Fed or ECB Policy. The US Dollar ended the week weaker, as Draghi’s silence on the Euro boosted the single currency, although some of the gains were pared in the Q&A session after he...
Futures Trading Education
Markets are little changed in the lead up to Jackson Hole, with little in the way of major FX moves to report. The Bloomberg spot USD index has made some net gains by closing up 0.15%, more from a continued a choppy Pound and somewhat lower levels for the Yen and the...
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