Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
Soybean futures continued to roll over on a continuation of the “buy the rumor, sell the news” reaction. On top of the dwindling good news, there was some bearish news coming from South America,
Quiet overnight session, punctuated by a familiar block trade, leads to a muted day session. Futures moved steadily lower throughout the morning before closing near mid-range.
Grinding data this week has cocoa futures testing highs from 2018. The March contract reached 2729 on Thursday. Asian demand increased and provided market support – leading to more speculative buying.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
Crypto markets are lower this morning as the sector sees a pullback from its aggressive run-up earlier in the week. Spot volumes, while still above the 30-day average, are only about a third of what they were Tuesday and Wednesday.
In yesterday’s report we wrote: “It will be nice to get some clarity on the “trade deal”, but I wouldn’t hold your breath for something magical to happen.
Oil prices are trying to overcome major historic product build based on optimism that the U.S.-China Trade Phase One deal will be another key turning point in the U.S. energy export revolution.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
