Wrapping Up The Second Quarter Of 2017

INO.com Traders Blog http://ift.tt/2sarLZz Hello MarketClub members everywhere. As expected the stock market is headed higher today after yesterday's sell-off. However, trading volume is decidedly low heading into the long 4th of July weekend. Let’s take a look at where the markets stand and where they are finishing up the 2nd quarter of 2017. Key levels to watch next […]

Should We Believe The 'Transitory' Story?

INO.com Traders Blog http://ift.tt/2u6YLDx The bond market may have stopped listening to the Federal Reserve, but that doesn't mean we shouldn't know what the voting members of its monetary policy committee are thinking. What's clear is that they're not as united as they were at their last meeting just two weeks ago, when they voted nearly unanimously to raise […]

Asia strongly supportive of Global Code of Conduct – GFMA

Home http://ift.tt/2uroTbm Backing from local central banks for the principles will filter down to participants, says John Ball

Major Support At SPY $240 - Use That As Your Guide

One Option Trading Blog http://ift.tt/2ttpIDl Posted 9:20 AM - Yesterday we saw a heavy wave of selling. Profit-taking in tech stocks spilled over to the S&P 500. QQQ breached key technical support levels and we can expect more weakness. Support at QQQ $139.50 failed easily and major horizontal support at $138 also failed. The next support level is $136 and then the 100-day MA at $134.80. The S&P 500 has major technical support at $240. That is the 50-day moving average and it is the breakout from May. It touched that support briefly and the market bounced. SPY resistance is at $242 and $243. This morning …

Major Support At SPY $240 - Use That As Your Guide

One Option Trading Blog http://ift.tt/2ttpIDl Posted 9:20 AM - Yesterday we saw a heavy wave of selling. Profit-taking in tech stocks spilled over to the S&P 500. QQQ breached key technical support levels and we can expect more weakness. Support at QQQ $139.50 failed easily and major horizontal support at $138 also failed. The next support level is $136 and then the 100-day MA at $134.80. The S&P 500 has major technical support at $240. That is the 50-day moving average and it is the breakout from May. It touched that support briefly and the market bounced. SPY resistance is at $242 and $243. This morning …

Mifid II is a chance for reinvention – State Street’s O’Malley

Home http://ift.tt/2t8cgmm “We’ve had more interaction with our customers in the past six months than in any individual point in our 20-year history,” says FX Connect’s Emea head

Platform operators step up surveillance after FX Global Code

Home http://ift.tt/2tteEX0 FX Week-hosted webinar focusing on surveillance finds the Code’s message is filtering through

Renminbi's share of payments rises slightly in May

Home http://ift.tt/2uqIhFy China’s currency regains position as sixth most used currency for global payments in May, with 1.61% share – Swift data

Hong Kong launches fintech association

Home http://ift.tt/2sY7OYY The independent group aims to be the voice of the financial technology community in the territory

Why ETF's Close And How To Avoid Buying One That May Close

INO.com Traders Blog http://ift.tt/2sWbzxU As Exchange Traded Funds become more popular and more money flows into this asset class, it is inevitable that more ETF's will both open and unfortunately close. Currently there is more than $3 trillion in assets in ETF's spread across more than 2,000 different options to choose from. In 2016 we saw 216 new Exchange […]

BoE warns of potential disruption to clearing business for EU firms

Home http://ift.tt/2sq0527 Fragmentation of market-based finance could result in greater costs and risk for European Union and UK companies

Market Will Be Flat Until FOMC Minutes Next Wednesday

One Option Trading Blog http://ift.tt/2sUn4Wy Posted 9:00 AM ET - Tuesday and Wednesday we saw Q2 window dressing. The big decline was immediately erased yesterday and these moves won't show up on a chart a few weeks from now. We're in a news vacuum and the volume will decline ahead of the Fourth of July. Swing traders should have been able to ride out the storm. Out of the money bullish put spreads give the stock plenty of room to move around. As long as technical support is maintained stick with the position and let time decay work in your favor. This is a great income …

Market Will Be Flat Until FOMC Minutes Next Wednesday

One Option Trading Blog http://ift.tt/2sUn4Wy Posted 9:00 AM ET - Tuesday and Wednesday we saw Q2 window dressing. The big decline was immediately erased yesterday and these moves won't show up on a chart a few weeks from now. We're in a news vacuum and the volume will decline ahead of the Fourth of July. Swing traders should have been able to ride out the storm. Out of the money bullish put spreads give the stock plenty of room to move around. As long as technical support is maintained stick with the position and let time decay work in your favor. This is a great income …

These Stocks Perform Well in July (Seasonality)

Vantage Point Trading http://ift.tt/2s5gn0W

These stocks have a long history of performing well in July, rising as much as 85% of the time and jumping by up to 9% on average. Stocks mentioned: $AMGN $BPL $HCP $HCN $HOG $KIM

Seasonality is the study of how assets perform at certain times of the year. The stocks below have shown a strong tendency to rise in July, historically. That doesn’t mean they will rally this July, though. Seasonality is best used…

The post These Stocks Perform Well in July (Seasonality) appeared first on Vantage Point Trading.

Mexico Legalizes Medical Cannabis - Here's How You Can Profit

INO.com Traders Blog http://ift.tt/2s4RzWX Analysis originally distributed on June 21, 2017 By: Michael Vodicka of Cannabis Stock Trades Legal cannabis scored another big victory this week. In April, Mexico's lower parliament overwhelmingly voted to legalize medical cannabis, voting 357 to 7. Then, earlier this week, Mexico's President Enrique Pena Nieto signed the bill into law, legalizing the use of […]

Li and Lombardi join Credit Agricole CIB

Home http://ift.tt/2tnswCp The bank makes two senior hires in its global markets research division in New York

TriReduce hits $1 quadrillion in swaps compressions

Home http://ift.tt/2s4QpKZ Demand has been high as banks seek to lower exposures

Fritschi joins Banca IMI in London

Home http://ift.tt/2tnIUTA Remo Fritschi previously worked at ADS Securities in the institutional sales team

Caxton launches multicurrency account for SMEs

Home http://ift.tt/2s4sGe1 The new service provides access to 34 currencies with a single IBAN number

EBS hires D’Souza for India

Home http://ift.tt/2tnKkNZ Jaison D’Souza joins from FXall and will report to Patrick Nagel, global head of buy-side sales

Louisa Kwok to exit ADS Securities

Home http://ift.tt/2s4YgIG The broker's head of PB sales and product decides to leave less than a year after joining

FX Week June 26 2017 digital download

Home http://ift.tt/2tnsyKx

Thomson Reuters expands 25ms binary data feed to 15 more pairs

Home http://ift.tt/2s4F65x A total of 18 currency pairs are now eligible for the feed

Investors’ taste for EM depends on central bank actions – ABN Amro

Home http://ift.tt/2tnIVH8 How major central banks undertake monetary policies will determine whether some emerging market currencies can thrive

Emmanouil Lemonakis leaves Saxo Bank

Home http://ift.tt/2s4Yfo6 After 11 years at the Danish bank, Emmanouil Lemonakis becomes head of international sales at IbanFirst

Saxo Capital Markets exits CFD lobbying group and sides with FCA

Home http://ift.tt/2tnG1lJ UK subsidiary breaks ranks with big spread-betting firms amid dispute over proposal for tougher rules on CFD products

Jefferies hires three for FX team

Home http://ift.tt/2s4Xz25 The appointments come as the New York-headquartered bank strengthens its electronic trading capabilities

Commission should have power to order CCPs to relocate to EU – Cœuré

Home http://ift.tt/2tnsvyl The power would be one among many, says ECB executive board member

Andersen heads up trading at Standard Chartered

Home http://ift.tt/2s4BC3f Jens Andersen was most recently a managing director and global head of strategic trading at Morgan Stanley

Tech Will Rebound - Window Dressing Is Over

One Option Trading Blog http://ift.tt/2sRCAT8 Posted 9:30 AM ET - Yesterday we saw another wave of selling and tech stocks closed on the low of the day. Settlement is T+3 and Q2 window dressing should be over. Before we see a decent bounce the market is likely to test the downside this morning. If the dip is brief and shallow we will grind higher the rest of the day – be ready to jump in. If the market takes longer to find support the bottoming process might take a couple of days. QQQ $138 is a major support level. The news is extremely light and the …

Li and Lombardi join Credit Agricole CIB

Home http://ift.tt/2tla11n The bank makes two senior hires in its global markets research division in New York

Tech Will Rebound - Window Dressing Is Over

One Option Trading Blog http://ift.tt/2sRCAT8 Posted 9:30 AM ET - Yesterday we saw another wave of selling and tech stocks closed on the low of the day. Settlement is T+3 and Q2 window dressing should be over. Before we see a decent bounce the market is likely to test the downside this morning. If the dip is brief and shallow we will grind higher the rest of the day – be ready to jump in. If the market takes longer to find support the bottoming process might take a couple of days. QQQ $138 is a major support level. The news is extremely light and the …

TriReduce hits $1 quadrillion in swaps compressions

Home http://ift.tt/2uiqVuk Demand has been high as banks seek to lower exposures

The Rooster Summer Reading Challenge: Week Four

The Morning News http://ift.tt/2sRbcVc

by The Tournament of Books Staff

We’re at the end of our first month in the Rooster Summer Reading Challenge. Victor LaValle joins us to discuss the second half of The Night Ocean, and we decide which of our two novels from June heads to the end-of-summer final.

Global Seasonal Oil Stock Draw In Jeopardy

INO.com Traders Blog http://ift.tt/2tY2XVR OPEC has set as its goal to reduce global OECD oil inventories to their five-year average. In his opening address to the 172nd meeting of the OPEC conference, Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, remarked, "The market is now well on its way toward rebalancing." After the meeting, Mr. […]

Fritschi joins Banca IMI in London

Home http://ift.tt/2tY9dxc Remo Fritschi previously worked at ADS Securities in the institutional sales team

Caxton launches multicurrency account for SMEs

Home http://ift.tt/2uhR0cZ The new service provides access to 34 currencies with a single IBAN number

How to Use the Commitment of Traders Report in Your Strategy

Vantage Point Trading http://ift.tt/2shcuu4

Learn to read this report, as it shows you where the big money is flowing. It can tip you off to major turning points (extremes) and can also tell you when a trend is sound. It can also reveal in what assets the next major trends could be developing.
By George Papazov
Many traders assume the stock market to be this single entity which is logical, rational and knows where it wants to go.
The…

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