Futures Trading Education
Yesterday’s trading session was devoid of any major data releases, however the huge rally in oil has been the main catalyst for most of the moves in markets over the past 24 hours. It all started just before I posted yesterday morning with the release of a joint...
Futures Trading Education
In the USA, inflation expectations as measured by the University of Michigan on Friday fell to 2.3%, back to not only where they were at the end of last year, but equalling the lowest level recorded in the 24 years history of the survey. Consumer price inflation...
Futures Trading Education
In what turned out to be a volatile trading session yet again after the US equity markets sold off they were quickly snapped up to only close with small losses helped by higher oil prices. This rise in oil assisted an afternoon recovery via the energy sector, after...
Futures Trading Education
Looking at yesterday’s, on paper, ECB President Draghi Dutch Parliament appearance had the potential of being the big event, but with Draghi sticking to his dovish bias the big move came from oil following an EIA report that showed the biggest draw in nationwide crude...
Futures Trading Education
Virtually no market reaction in yesterday’s Australian Federal Budget, which has seen Fitch and Moody’s quickly out affirming their prevailing AAA sovereign ratings. We haven’t yet heard from Standard & Poor’s. There was a quick dip in AUD/USD yesterday,...
Futures Trading Education
After just over 24 hours since Macron’s French presidential election win, the Euro and European equities are feeling a small hangover following a solid run in the previous two weeks. Early on Monday the Euro traded to a high of 1.1023, but since then it has been on...
Futures Trading Education
Emmanuel Macron was elected French President late last night with a business friendly- vision of European integration, defeating Marine Le-pen, a far right nationalist who threatened to take France out of the European Union. Exit polls put the vote at 65/35% in...
Futures Trading Education
The two big events in the past 24 hours were a 4.8% slide in the oil price and a surge in European risk assets. The oil price is now back to its lowest point since mid-November with WTI oil sitting at $44.51 a barrel having fallen below $44 overnight and below the...
Futures Trading Education
It has all been about the FOMC and weakness in the AUD over the past 24 hours. It was just words, the statement, from the FOMC last evening with the FOMC leaving the Fed Funds Rate unchanged at 0.75-1.00% and not changing their guidance on when they might begin to run...
Futures Trading Education
Markets traded sideways in what was a wait and see mode ahead of Apple’s results after the bell and the FOMC decision later this evening at 7.00 pm. US equities ended the day marginally in positive territory with technology share leading the way while the automobile...
Futures Trading Education
News of North Korea conducting another (apparently failed) ballistic missile test crossed the wires about 30 minutes prior to the NY close last Friday. 10 year Treasuries lost 2bps during this short window but FX markets were little moved (USD/JPY actually tracked...
Futures Trading Education
After some mis-communication in March, ECB President Mario Draghi chose his words especially carefully and stuck to his script at his post ECB press conference yesterday lunch time. He retained his easy rhetoric but eyed some improvement in the balance of growth...
Futures Trading Education
Yesterday was a relatively quiet trading session in markets with US politics dominating the headlines. The much awaited Trump’s tax plan was short on new details and given the light economic calendar there has not been a lot to influence markets. US equities closed...
Futures Trading Education
Markets have continued to rally hard on the back of the French Presidential elections on Sunday. European equities have surged a massive 4%, while the Euro has risen 2.1% since the weekend to be 1.0935 – its highest close since mid-November. The fear index (VIX) has...
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