Futures Trading Education
U.S. Equity Markets closed lower yesterday following the release of the latest inflation report from Uncle Sam which came in “hotter than expected”. The March consumer price index (“CPI”) rose 0.4% for the month, making for a 3.5%...
Futures Trading Education
U.S. Equity Markets ultimately saw slight gains despite a choppy session yesterday, that witnessed plenty of two-way price action. Strength in the futures was seen pre-market after reports Google (GOOGL) is expanding its in-house chip efforts and a slew of cloud deals...
Futures Trading Education
It was calm before the storm on Monday as participants await key risk events, namely U.S. CPI on Wednesday, but also several Central Bank decisions, including from the ECB, BoC and RBNZ, while the FOMC Minutes will also be released post-CPI. Earnings season also...
Futures Trading Education
Equity Markets rallied Friday after shaking off a knee-jerk sell-off to the hot U.S. jobs report. The 303K jobs added (exp. +200K; prev. +270K), just in line AHE (+0.347% M/M) and fall in U rate 3.8% (exp. unchanged. at +3.9%) saw big selling in Treasuries as part of...
Futures Trading Education
Equity and Bond Markets were choppy while the Dollar took a hit on the soft ISM services PMI. Stocks started the session on the front foot in wake of the ISM data while T-Notes pared the earlier ADP-induced weakness. Fed Chair Powell largely stuck to the script which...
Futures Trading Education
U.S. Equity Markets saw notable selling on Tuesday, extending the April rot, amid various micro factors in the backdrop of an aggressive Treasury bear-steepener. Treasuries saw large bear-steepening on Europe’s return, despite soft German inflation figures, as...
Futures Trading Education
U.S. Equity Markets were largely sold on Monday with the rate-sensitive sectors of the market underperforming after the hot ISM manufacturing survey unwound Fed cut expectations. The market is now priced for c. 65bps of Fed cuts this year vs 70bp+ before the data,...
Futures Trading Education
Equity Markets were firmer on Wednesday thanks to a late session rip into the close with month-end selling not as large as expected, perhaps indicative of the bulk of it being in the rearview now ahead of the long weekend. There was no tier one data or major catalysts...
Futures Trading Education
Equity Markets again closed lower yesterday following a second consecutive sell-off into the close. The late session sell-off, which saw sectors primarily in negative territory with only Health Care, Financials and Consumer Staples closing positive. Utilities, Energy...
Futures Trading Education
U.S. Equity Markets closed red on Monday, although well off the morning lows. The Russell 2000 closed green on account of the Energy Sector outperformance with crude prices rising. Lows were seen in the Futures pre-market with tech downside leading on several key...
Futures Trading Education
U.S. Equity Markets were choppy on Friday with a lack of tier 1 US data to go off, while question marks were raised on the state of the consumer on the back of poor reports from Nike (NKE) and Lululemon (LULU). Large cap tech was an outperformer, with Apple (AAPL)...
Futures Trading Education
U.S. Equity Markets rallied to new closing highs on Wednesday after the Fed reaffirmed its three rate cuts in 2024 projection, despite higher longer-term dots, and as Powell played down the hot January and February inflation data. The rate-sensitive sectors...
Futures Trading Education
U.S. Equity Markets reversed earlier losses to close firmer on Tuesday after earlier, tech-led weakness reversed into the close. Nvidia (NVDA) managed to close 1% higher with some positive takeaways from its GTC event despite the lack of major surprises. Meanwhile,...
Futures Trading Education
Equity Markets rallied on Monday in a relatively quiet news flow session (from a macro perspective) with the NASDAQ leading the charge ahead of the Nvidia (NVDA) GTC event after the close. However, both the Index and Nvidia closed well off best levels as participants...
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