News of note & exclusive market commentary
The Federal Open Market Committee, or FOMC, is a branch of the Federal Reserve System, responsible for determining the direction of monetary policy here in the United States. The FOMC holds eight regularly scheduled meetings during the year, and June 15th is an FOMC meeting day. Read More
As an investor and trader, knowledge is power and possessing a sound understanding of the major central banks, while monitoring their actions, should be important to anyone involved in the markets. Why? As central banks are the organizations that dictate the economic and monetary policies of the regions and nations they oversee, their decisions significantly impact both domestic and global financial markets.Read More
Since its launch in early December Micro Ether futures (MET) hit over 500,000 contracts traded. Micro Ether is the latest micro Cryptocurrency contract offered by CME Group. Read More
ADP reported nonfarm payroll increased by 534,000 jobs from October to November, which is slightly higher than the September to October increase of 531,000 jobs. The bulk of which came from the service-providing sector which accounted for 79.4% of new jobs. Read More
After Jerome Powell’s comments following the Jackson Hole meetings in late August, the upcoming Augusts Jobs Report carries less weight than normal. Once the Federal Reserve announced it had little intention of tapering earlier than anticipated, the market moved higher as the primary fear had been set aside for now. Read More
Launched just over a week ago, CME Group’s Micro Treasury Yield futures have traded over 30,000 contracts. Read More
Since launching a month ago, over 1 million Micro Crude Oil futures (MCL) contracts have been traded. Read More
ADP reported private sector employment increased by 330,00 jobs in July, well below estimates of roughly 700,000. The consensus estimate for Friday’s report is 900,000 new jobs. Read More
On the afternoon of June 16th, Fed chair Jerome Powell will announce the decisions from the Federal Open Market Committee meeting this week. Nearly all market participants expect monetary policy to remain unchanged, along with the current bond-buying program. The market will continue to see zero interest rates with 120 billion in bond purchases each month for the time being. Read More
Micro Bitcoin futures (MBT) have traded over 650,000 contracts in the first month since being launched with an average daily volume exceeding 28,000 contracts. MBT futures are one of the most successful product launches in the futures industry and continue to attract new traders.Read More