Futures Trading Education
Earlier this morning China’s Central Bank surprised financial markets by raising short-term rates on the first day back from a long holiday, in a further sign of a tightening policy bias as the economy shows signs of steadying. The PBOC raised the interest rate...
Futures Trading Education
The major event yesterday was the US FOMC meeting where rates were left on hold as expected. There were very few changes to the Post Meeting Statement with the Fed playing a straight bat. Markets were somewhat disappointed, with Treasury Yields and the US Dollar...
Futures Trading Education
More unwinding of the Trump lower taxes/higher infrastructure spending US Dollar reflation trade has again been the order of the day during yesterday’s volatile trading session.. The Bloomberg spot US Dollar index closed down by 0.75% as markets again sell the...
Futures Trading Education
Yesterday has not been a good day for risk assets with European and the US equity indices recording their worst day since the November US election. The Dow has lost over 225 points at one point before rallying to close down 122 points and back below the 20K mark at...
Futures Trading Education
Silver finished last Friday’s trading with an Upside Key Day Reversal following a softer than expected Q4 GDP print and downside miss on Headline Durable Goods Orders. US Bond Yields dropped on the 1.9% headline GDP release while the US Dollar again weakened. In...
Futures Trading Education
Yesterday all was not well in the Trumpsphere, with the Mexican Peso giving back about half of Wednesday’s strong rally. This was after Mexican Enrique Pena Nieto cancelled – via Twitter – a planned meeting with the U.S. President. It followed the U.S. President...
Futures Trading Education
The Dow Jones Industrial Average finally broke the 20,000 resistance level for the first time in some style as stocks around the world extended a rally after corporate earnings reignited investors optimism in economic growth. Meanwhile both Bonds and oil sold off to...
Futures Trading Education
Brexit news dominates headlines this morning with the UK Supreme Court ruling Parliament must vote before the formal Brexit mechanism (article 50) can be activated. However, in positive news for Brexiters the court also ruled that the devolved Scottish, Welsh and N....
Futures Trading Education
Economic reports have been scant over the past 24 hours. Trump, trade, executive orders and a White House press briefing have provided wire feedstock for news and trade into European trade this morning. In the aftermath, the news has seen the US Dollar trade back down...
Futures Trading Education
In a defiant and brief speech, President Trump made it clear that from now on “It’s going to be only America first” and in what has now become a great economic debate he reiterated his view that “Protection will lead to great prosperity and strength”. Against...
Futures Trading Education
Markets continue to digest Fed Chair Janet Yellen’s speech yesterday which was seen as mildly more hawkish while yesterday’s positive US economic data played into that view. The ECB also met yesterday with ECB President Draghi coming off as slightly dovish in...
Futures Trading Education
It has been a reversal back to US Dollar strength – including a late session kick along from the Fed Chair, more on that below – the Bloomberg Spot Dollar index closing up 0.35% before she stepped up to the plate, and another ½% since. Most major crosses are...
Futures Trading Education
Never underestimate the ability of markets to discount the same news twice. Or in the case of the US Dollar, the ability to ignore a relevant piece of news one day only to react with alarm to it a day or two later. So it is that on Monday, markets completely ignored...
Futures Trading Education
In 1979 President Carter endorsed a bill to have a holiday in honour of Martin Luther King (MLK), but a Conservative Congress at the time refused to pass the bill. Eventually President Reagan signed the holiday into law in 1983 and it was first observed three years...
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