Futures Trading Education
It is a rather odd world scene right now. Geopolitical factors abound across the globe, with markets again focusing on European politics again, but despite all this and the uncertain shape of US growth, tax and trade policies, the global economy has started the year...
Futures Trading Education
Strong European data failed to excite markets – the exception being equities – as the upcoming French Presidential elections take centre stage. Betting markets now ascribe Eurosceptic Le Pen a 34.2% chance of winning, while a poll by Elable for L’Express Magazine...
Futures Trading Education
With the US out celebrating President’s day, Europe was always going to be the focus in yesterday’s trading session. European stocks ended the day marginally higher following the positive lead from Asia. Losses from Uniliver (-5%) after Kraft Heinz withdrew its...
Futures Trading Education
Just over a week ago, President Trump promised a ‘phenomenal’ tax announcement in 2-3 weeks, so as the clock ticks down to some form of announcement, market inertia is set to reign. Certainly that was the impression conveyed by Friday’s offshore markets, though...
Futures Trading Education
US Stock markets closed mixed to lower yesterday as investors decided to take a breather, after five straight trading sessions of the S&P 500 setting new all-time highs. The S&P closed -0.09% while the Dow again closed higher with a 0.04% gain. with bond...
Futures Trading Education
I warned yesterday about the possibility of a US rate hike at next month’s FOMC Meeting and that argument gained further currency with the US CPI and core-Retail Sales printing double the market consensus. That has seen the OIS market lift pricing for a March...
Futures Trading Education
Reaction to Fed Chair Yellen’s semi-annual Testimony before the Senate triggered a sell-off in US Treasury yields and a broad US Dollar rally as she left the door open for a rate hike as soon as the next FOMC meeting in March. US equities initially wobbled, dragged...
Futures Trading Education
The US Dollar continues to rally after last month’s Downside Key Day Reversal albeit in a very small way, The narrow DXY index has now risen every day since January 31st and the broader BBDXY index on each of the last seven trading days. DXY, dominated by the...
Futures Trading Education
Last week the US Dollar regained its mojo largely thanks to President Trump’s hint of a phenomenal tax policy announcement and on Friday the US Dollar waivered, particularly against the Japanese Yen when at a joint press conference with Japan’s PM Abe, President...
Futures Trading Education
The Trump-trade was reignited yesterday on the back of the President flagging an impending “phenomenal” tax announcement. That gave markets hope that Trump will at last provide long-awaited details on his fiscal plans (tax cuts and infrastructure spending). That saw...
Futures Trading Education
Yesterday was another listless trading session although extremely profitable for my members as the US earnings season is drawing to a close with one of the best quarters of growth for quite some quarters. But that, and the tantalising prospect that corporate tax...
Futures Trading Education
In what has been a quiet past 24 hours of data releases and tweets from President Trump, the USD has been the quiet achiever amid simmering political and fiscal uncertainties in Europe, softer oil prices, flat US equities and lower US Treasury yields. Last week I...
Futures Trading Education
It has been something of a risk off session to open the week. There’s been a focus on the upcoming French Presidential elections, ECB President Draghi has been batting back criticism from across the Atlantic on currency manipulation (regretting nothing), US markets...
Futures Trading Education
It was the San Francisco Fed’s (John) Williams not William (Tell) who spilled the beans on Friday saying that raising rates at the Fed’s March meeting might make sense. He said that inflation will build up if we push the economy too hard and sees arguments for moving...
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