26^th January 2010

Bond Futures

Overview

Over the last five days we have seen government bonds edge higher as equity weakness has developed. Last Friday German Bunds achieved 2010 highs at 123.49, US Ten Years also performed strongly reaching 118.015. (more…)

25^th January 2010

Equity Index

Overview

Last week was dominated by a large sell off on Thursday and Friday after a statement from Barack Obama outlining plans for changes in banking regulation. Between theWednesday open and Friday close the S&P 500 future gave up over 50 full ticks producing a new 2010 low of 1086.25. (more…)

22^nd January 2010

Macro-Commodity Overview

Focus on COMEX Copper futures (Mar’10)

The last week has seen the copper futures fall from their recent high prints. This has been the case for most industrial metals as jitters from China weigh on these major commodity markets. (more…)

21^st January 2010

Commodity Overview

Focus on Oil & Gold

Over the last five days Oil futures have given up more ground reaching new yearly lows at $76.76. This weakness has come on the back the stalling equity market and continuing USD strength. (more…)

20^th January 2010

Currency overview

Focus on the Euro (EUR/USD)

The Euro has continued to be under-pressure this month, a follow on from the bear trend it had settled in over the course of December. Whereas most USD crosses the USD had retraced the best part of the moves seen over December, the Euro only just managed to retrace to the significant 38.2% Fibonacci level. The start of this week has thus seen the market move markedly lower. (more…)

19^th January 2010

Bond Futures

Overview

Over the last five days we have seen longer dated government bond futures drive higher after a couple of weeks of consolidation. The Bund hit a 2010 high yesterday of 122.78 amidst quiet trade due to the US bank holiday. This week all eyes will be on US earnings with many US financials reporting. (more…)

18^th January 2010

Equity Index

Overview

Last week the S&P 500 future closed down slightly after a negative reaction to JP Morgan’s earnings and a weak Michigan figure resulted in a pronounced sell off on Friday afternoon. This week all eyes will be on earnings again as many financial and blue chips release their latest figures. (more…)

14^th January 2010

Currency Overview

Focus on ECB policy decision and the Euro/USD

Today sees the release of the ECB policy decision and the usual press conference. The press conference holds the key in terms of possible volatility in the Euro currency, especially with the major focus being on the rapidly deteriorating situation in Greece, with regards to its public sector debt and the countries credit rating. (more…)

Commodity Overview

Focus on Oil & Gold

Over the last five days we have seen oil futures make new yearly lows at $83.95 before aggressively rejecting these levels. (more…)

12^th January 2010

Bond Futures

Overview

Over the last five days we have seen longer dated government bond futures consolidate after the recent sell-off. Last week’s worse than expected jobs number will have no doubt helped to support the market, but all eyes will be on Trichet this week after ECB’s rate announcement on Thursday. (more…)