Trading Markets

Jobs Rock Financial Futures

In a topsy-turvy market, stock index and interest ratefutures are reversing course.T-bonds
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PowerRating) initially bolted to a New 10-Day High on the unexpected surge in unemployment to a two-and-a-half-year high,

T-bonds Make It Four For Four

T-bonds
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PowerRating) are rallying for a fourth consecutive day after weeklyinitial jobless claims jumped unexpectedly to their highest level in five years.Higher unemployment implies that the Fed will have to remai

Not Since Crude Was Half Price

Last nights weekly API showed that inventoriesof crude rose unexpectedly to their highest level since the summer of 1999. June crude oil
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PowerRating)is off 2.66% or .77 to 28.17. The supply side of the equat

The Personality Play

A high approval rating of the new Japanese Prime MinisterJunichiro Koizumi is fueling a euphoria rally in the yen. Koizumi received arecord approval rating on hopes that the reformist will be able tomake the structural changes required to break Japans economy out of its doldrums. Among the ac

Unleaded, Unprecedented

Gasoline futures on the NY Mercantile exchange aretrading at their highest level since the contract began trading 17 years ago.Gasoline futures represent wholesale prices and have been rallying due to theperception that supplies — especially of cleaner-burning grades — will be inshort supply duri

GDP Sets Financial Futures’ Agenda

An unexpected rise in gross domestic product (GDP) is spurring adjustments tofinancial futures positions. GDP came in nearly twice as strong as forecast, up2% versus estimates of a 1.1% rise. Currencies and debt futures are making thebiggest moves in financial futures but the impact may effect stock