The reason for looking at Futures in early opening trade i often the trend in to the open reverses sharply at the NY 9:30 open, whichever way that may be. Thus far I don't see any significant signs of reversal, I'll be keeping an eye on them as I still have 25% of the URTY (3x long the Russell 2000 ETF) still open.
FX
EUR/USD since last night's FX open, a move down and then higher to this morning's open as $1.28 acts as support.
The Euro at the 9:30 open (5 min)
Crude futures overnight looked pretty strong, there's a decent relative negative divergence as we move to the NY open.
ES was in line most of the night with a slight positive right before the open continuing the overnight trend starting around the European open at 3 a.m.
NASDAQ Futures also in line with a smaller positive divergence in pre-market, this is almost in line, slightly more negative.
Gold futures have been in line nearly all night
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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