Futures Trading Education
US Indices traded in a narrow range before having a late rally into the close. Markets got a late boost after the National Allergy and Infectious Diseases Director Fauci said he was optimistic a Coronavirus treatment could be ready by this fall. Meanwhile Consumer...
Futures Trading Education
European Indices closed mixed after ECB President Lagarde said in her virtual press conference following the unchanged announcement in Interest Rates at yesterday’s ECB Meeting, that she will not let Monetary Policy be constrained as she fights to support the...
Futures Trading Education
Following Tuesday’s report showing that Moderna’s COVID-19 vaccine produced antibodies in all parties involved in a Phase 1 trial, Oxford University announced yesterday that it had generated a positive antibody and T-cell response in patients, with results due to...
Futures Trading Education
Better than expected earnings from JP Morgan helped the Dow to rally and finally close above its 200 Day Moving Average in what turned out to be an extremely choppy trading session. CEO Jamie Diamond said that the bank ended the Quarter with significant earnings...
Futures Trading Education
European and U.S Indices extended their overnight gains on the hope that a proper vaccine will be in place by the end of this year and distributable on a mass scale in early 2021. Vaccine approval would be great for global equity markets as individuals everywhere...
Futures Trading Education
US Indices closed the week on a high helped by optimism over Coronavirus treatments and vaccines. German BioNTech said its Coronavirus vaccine being developed with Pfizer should be ready for approval in December with over 1 billion doses by end of 2021. In addition,...
Futures Trading Education
The diverse U.S Equity Market got even more fractured yesterday with the NASDAQ closing 0.8% higher at 10,755, which is another new all-time closing high. On the other Hand, the Dow fell 360 points, to close 1.38% lower at 25,706. The NASDAQ Market has now closed...
Futures Trading Education
European Indices ended the day lower in a volatile trading session after ECB President Christine Lagarde told the Financial Times that the Central Bank was unlikely to ease Policy further at next week’s meeting. Adding to the gloomy picture was comments from Italian...
Futures Trading Education
European Indices ended the day lower. Bank shares led the declines after it was reported the ECB were said to considering asking banks to withhold dividend payments for longer, to ensure they have plenty of capital to deal with the Coronavirus stress. The DAX closed...
Futures Trading Education
A huge 5.7% rally in the Shanghai Composite Index, to close at its highest level in two years, led to a large rally in both European and U.S Indices. This move higher saw the MSCI Emerging Markets close with a gain of 4%, to its highest level since February. European...
Futures Trading Education
The latest Non-Farm Payrolls Report showed that 4.8 million Jobs were added back in June, which was well above the 3.23 million estimate, while the two previous months were revised up by a total of 90,000. The bottom lime is that after losing 22.16 million jobs in...
Futures Trading Education
European Indices started July on the defensive after comments from German Chancellor that European Union Members were still far apart in agreeing a recovery fund and a budget. This changed shortly before the U.S Markets opened after Pfizer/BioNech announced a vaccine...
Futures Trading Education
As expected, both European and U.S Indices continued their rally as the Second Quarter came to a close. As I mentioned in yesterday’s commentary that seasonally this is one of the strongest week’s of the year in this abbreviated shortened trading week due to the July...
Futures Trading Education
Both European and U.S Indices reversed most of Friday’s losses to start the week on a positive note. Seasonally this is a strong week for the U.S Markets which are closed from 1.00 pm on Thursday until Monday morning for the July 4 Holiday Weekend. Markets gained...
Recent Comments