13.15 ADP Employment Change

14.45 Chicago PMI (more…)

Focus on Oil

Over the last week WTI futures have began to consolidate gains to the upside and have started to develop a trading range pausing the upward trend from the lows in May. (more…)

The EuroStoxx sold off sharply yesterday. The sharp sell-off in Chinese equity markets panicked already jittery markets. The EuroStoxx gapped lower and sold off taking out fresh 10-day lows. This keeps the market (more…)

The Dax was sharply lower yesterday. Global risk trades were rocked by a big sell-off in China overnight. This hit European and US equity markets which were (more…)

The Bund traded higher yesterday. The market gapped higher as risk trades globally sold off sharply on the back of the 4% down day in Chinese equities (more…)

The FTSE sold off sharply yesterday. Global risk trades were rocked by the strong sell-off in China, resulting in a sharp gap down in the FTSE followed by further panic over the course of the day. The market traded down to (more…)

Overview

Over the last five days the Bund and US Ten Year have performed well bolstered by some weak data emanating form the US and the ongoing sovereign debt saga in Europe. (more…)

The FTSE had another weak session yesterday. The market was predominately range bound between the 5000.0 handle and the first set of good resistance levels around the 5056.0-63.0 level. Tellingly (more…)

The EuroStoxx finished largely unchanged yesterday. The market has looked to edge out some gains on the day, however was unable to make any significant inroads higher as it ran into strong resistance between the 2673-88 (more…)

The Dax made marginal gains yesterday. However the market remained unable to penetrate the 6200.0 handle and thus retains its firm immediate term downside bias. Bulls will need to target the 6186.0-6200.0 resistance area (more…)