The quarterly expiration of index futures, index options, stock futures and stock options cause big swings in the stock market. When options and futures contracts expire then traders can either “roll” the contracts to next one, buy or sell the underlying security or let contracts expire worthless. If traders decide to buy/sell underlying stocks then it…
Economic Data 2:00 AM – German May PPI m/m disappointed at -0.2% vs. 0.2% forecast, mostly due to a decline in energy prices. Inflationary pressures are tame with concerns for deflation 4:00 AM – Euro Zone Current Account was @ 21.5B better than the forecast of 19.4B 4:30 AM – UK Public Sector Net Borrowing was in…
It seems that the press conference by Chairwoman Janet Yellen on Wednesday June 18th was not that benign after all. The equity market went to bed feeling good with S&P 500 closing at all time high. The currency market went into the night whiplashed. The gold traders went to bed mostly unconcerned but woke up…
You must be logged in to post a comment.