Wells Fargo Securities’ Michael Schumacher sees unusual election year activity in the options market.
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Dow rises 100 points ahead of Fed announcement
U.S. stock futures rose in early trading Wednesday as investors readied for comments from the Federal Reserve later in the day.
FedEx profit, revenue beat as pandemic drives e-commerce bounce
U.S. delivery firm FedEx reported a bigger-than-expected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemic-fueled surge in e-commerce shipments.
Kraft Heinz targets $2 billion in cost cuts over 5 years, sees long-term organic net sales growth of 1% to 2%
Kraft Heinz also raised its third-quarter forecast for organic sales growth.
UK PM Johnson on fisheries
Fishing is contentious
The UK exports the majority of its fish. The EU fishing communities rely on access to UK waters. Expect tough negotiations over fisheries. UK gunning for Norway/EU style deal.
The UK exports the majority of its fish. The EU fishing communities rely on access to UK waters. Expect tough negotiations over fisheries. UK gunning for Norway/EU style deal.
Key Brexit dates ahead
Via ING
Here is handy little crib sheet from ING on the key Brexit dates ahead
Next date in focus is the special EU Council meeting on September 25. Bearish pressure mounts for the GBP.
Here is handy little crib sheet from ING on the key Brexit dates ahead
Next date in focus is the special EU Council meeting on September 25. Bearish pressure mounts for the GBP.
Forexlive European FX News 16 Sep – Risk broadly on, but FOMC looms
16 September 2020
Other markets
– FTSE -0.20%
– Euro Stoxx -0.06%
– Dax -0.03%
– CAC -0.02%
– Gold +0.49%
– US oil +2.12%
The session started with a positive risk sentiment that saw the USD weaker across the major currencies. That accelerated around mid-morning and risk appetite was positive and US futures were positive on the session alongside European cash markets.
Other markets
– FTSE -0.20%
– Euro Stoxx -0.06%
– Dax -0.03%
– CAC -0.02%
– Gold +0.49%
– US oil +2.12%
The session started with a positive risk sentiment that saw the USD weaker across the major currencies. That accelerated around mid-morning and risk appetite was positive and US futures were positive on the session alongside European cash markets.
US MBA mortgage applications w.e. 11 September -2.5% vs +2.9% prior
Mortgage Bankers Association w/e Sep 11
With uncertainty abounding less mortgage applications despite the low interest rates.
With uncertainty abounding less mortgage applications despite the low interest rates.
Thought for the day – Don’t over leverage
Leverage can be a killer
The use of leverage is almost certainly the most important aspect of risk management. In turn proper risk management is the top priority for all traders. Or at least it ought to be.
The use of leverage is almost certainly the most important aspect of risk management. In turn proper risk management is the top priority for all traders. Or at least it ought to be.