Futures Trading Education
It has been a quiet past 24 hours for the markets ahead of what could be a stormy Thursday with the ECB, UK election and former FBI Director Comey’s testimony all occurring on the same day. US equities have closed the day marginally in negative territory, tension in...
Futures Trading Education
The highlight of Friday’s trading session was the release of the US Employment data. In the end the numbers were solid enough to keep the Fed on track for a June hike, but not strong enough to erase uncertainties over the future Fed funds rate’s path beyond June. US...
Futures Trading Education
Just before the New York close, President Trump has formally announced that the US will exit the Global Paris Climate Accord. There has been little to no market reaction, not that a big reaction would have been expected even if this announcement was not forewarned. US...
Futures Trading Education
It has been a quiet end to the month of May, nevertheless the month has ended with a few themes raising question marks over the near term outlook for markets. US equities have managed to post positive returns for the month, but they have closed the day with small...
Futures Trading Education
There was little in the way of significant market moves yesterday. Instead focus returned to the economic data where eyes were on the inflation figures for both the US and Germany – German CPI was slightly weaker than expected while the US PCE was in line with...
Futures Trading Education
Ahead of a long weekend US equities ended the week in a relatively subdued note, oil prices recovered a bit of lost ground since the drop in prices post the OPEC’s production cuts extension announcement and US Treasury Yields were little changed. The USD closed the...
Futures Trading Education
Yesterday was a trading session where oil news took centre stage in the lead up to the end of the week with liquidity likely thinner today into the US long weekend with the US Memorial Day holiday on Monday. Meanwhile London is also closed on Monday for their second...
Futures Trading Education
The biggest news yesterday was the release of the FOMC Minutes, which were interpreted cautiously by the market as confirming the likelihood of a June rate hike, but casting some uncertainty over the trajectory for rates thereafter. The US dollar fell on the news,...
Futures Trading Education
European and US equities have continued to edge higher amid a mild risk positive tone in yesterday’s trading session. US Treasury Yields had a small sell off at the start of the NY session with the move higher in yields helping the USD perform across the board....
Futures Trading Education
Yesterday was a calm trading session when all is said and done and not at all resembling the middle of last week. German Chancellor Merkel has been saying what everyone has known – that the Euro is too weak – lifting the single currency and softening the USD. The...
Futures Trading Education
The recovery in US equities continued on Friday and unlike Thursday, European equities also managed to record some gains. US Treasury Yields were little changed, but the US Dollar was softer across the board more than reversing Thursday’s gains. The US Dollar was on a...
Futures Trading Education
The US market has taken a breather yesterday, notwithstanding news very late in the New York trading session that a Special Counsel (Robert Mueller, ex-FBI Director) was being appointed to investigate Russia’s involvement in the election. It has not been another day...
Futures Trading Education
Yesterday has been a real trading session of risk-off emanating from the US and the Twitter sphere going into overdrive over speculation around whether the President pressured James Comey – then FBI Director – to drop his investigation into Mike Flynn, former...
Futures Trading Education
The two most significant development yesterday were a 1.0% surge in the Euro (Euro now fetches 1.1110 – the highest since November 9 2016), and continued weakness in the US Dollar with the DXY down 0.7% yesterday and another 0.3% overnight and at its lowest point...
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