Futures Trading Education
Tuesday’s US Dollar resurgence accompanied by an improvement in risk appetite and hopes of progress on US tax reform came to an abrupt end courtesy of President Trump threat of a government shutdown, if funding isn’t included for the border wall promised in his...
Futures Trading Education
Yesterday was a risk-on trading session which helped see some support return for the US Dollar with the Bloomberg Spot Dollar Index closing up 0.34% (the DXY by 0.46%), while both the Swiss Franc and the Japanese Yen seeing the larger declines. The driver has been US...
Futures Trading Education
Even though yesterday was a narrow based trading session, it was a very busy one for me and my Platinum Members with little data of note. The most significant moves were contained to continued US Dollar weakness (DXY -0.4%) and ongoing strength in most base and...
Futures Trading Education
News that President Trump had fired his controversial Chief Strategist, Steve Bannon, only provided a short-lived rally to US equities. After recording sharp losses on Thursday, major US equities ended Friday marginally down and recorded their second week of negative...
Futures Trading Education
US equity Indices have all closed with losses of more than one percent. Treasury yields are about 3bps lower on average with December Fed Funds tightening risk back to 30% from 40%. The Japanese Yen and Swiss Franc top the FX leader board while the Australian Dollar...
Futures Trading Education
The US Dollar rally ground to a halt late yesterday amid continued US political machinations and uncertainty over the trajectory for inflation in the latest FOMC Minutes. It is no surprise then to see the USD (DXY) -0.4% across the board and US Treasury Yields down...
Futures Trading Education
Well, the US animal spirit is back with a trifecta of better than expected data releases and with concerns over US-North Korean tensions abating and Tuesday’s upbeat message from Fed Member Dudley still resonating, the US Dollar and US Treasury yields are...
Futures Trading Education
Stocks gained and volatility receded as the prospect of war between the U.S. and North Korea cooled. Safe Havens such as gold, Treasuries and the yen fell. Oil retreated.U.S. shares were broadly higher, with the S&P 500 Index gaining the most since April and the...
Futures Trading Education
Weaker than expected US Consumer Prices with core (ex food and energy) CPI up just 0.1% versus 0.2% expected, did damage to the nascent US dollar recovery on Friday and pulled US short end yields lower (2 and 5 years both down by about 3bps). Soft CPI was seen as...
Futures Trading Education
Lack of US data releases has kept North Korea- US tensions as the overriding theme in markets. After the negative lead from Asia, European and US equities have ended the day with sharp losses, safe haven assets such as gold and yen have outperformed and the VIX has...
Futures Trading Education
Geopolitical tensions surrounding North Korea dominated yesterday’s trading session. However, market moves were contained following a winding back in rhetoric by US Administration officials. In this high stakes geopolitical poker round it appears both players were...
Futures Trading Education
One of the big news from a relatively volatile trading session has come from the JOLTS report showing the gap between job openings and actual hiring’s in the US is now the widest ever. The Fed would argue that this is a signal of a tightening labour market and...
Futures Trading Education
Last Friday’s US Payrolls Report was strong in all respects, lifting the US Dollar and US yields across the board while allowing for small-scale gains in US stocks and risk sentiment. Non-Farm Payrolls rose by 209k against 180k expected with trivial 2-month net...
Futures Trading Education
The biggest news stories since I posted yesterday morning are the 6-2 Bank of England MPC vote for no change in Interest Rates together with downgraded growth forecasts, which has knocked the British Pound off its recent lofty perch, and a significant downside...
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