The market’s initial reaction from last week’s European Summit was a victory for the debit nations as they stood up to Merkel and her diminishing band of creditors. Well perhaps ‘victory’ is an overreach, implying a decisive...
The latest COT Report shows that large and small specs that combined positions in the latest period had an increase in the USD long position from 284.4K in the previous week to 312.5K.
Years ago, when working as a grain analyst for Merrill Lynch in Chicago, we had a meat analyst whose trading recommendations were almost always wrong.
With the US Supreme Court decision on Obamacare expected to dominate the news cycle, major corporations chose yesterday to unload some bad news.
You would think after twenty or so major and mini summits over the period since the Greek saga commenced, the European leaders would have enough experience to have successful productive summits.
The latest week was marked by liquidation of futures as the June contract expired. The total reduction in the futures and delta-adjusted option positions was almost 350K contracts.
Following the expiration of the currency futures each quarter, we like to analyze the remaining volume of open trades. In doing so, we attempt to glean information about trader participation and preferences in the currency markets.
The second Greek election, Sunday the 17th of June, has been portrayed as a referendum on the Greek membership in the euro. The election results will remain unknown until after the polls close today, and even polls...
With practice, the Greek’s are becoming more efficient, with their elections anyway. The May 6th elections cost €50m and the new one is scheduled to cost only €35.
News Sunday that a bail out fund was going to have up to €100B available to rescue Spanish Banks gave the market a boost.
