equities

U.S. benchmarks were little changed ahead of the bell, but the S&P set a fresh record high overnight. Today unfolds into tomorrow’s Federal Reserve policy decision with a deluge of earnings and a busy economic calendar.
U.S. benchmarks finished last week strongly and are clinging to those gains at the onset of a new one. In a jam-packed week ahead, we look to the Federal Reserve’s policy decision Wednesday and earnings from the 6 largest companies by market cap in the U.S. 
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.
Emotional capital is a required, yet rarely-perfected resource that every trader must manage in order to be successful. By training yourself to maximize emotional reserves during a trade, you gain the ability to see clearly and act objectively.
A magnificent start to the month and quarter certainly calls for some profit taking, but let us not forget that each month-end so far this year has seen a bat with volatility. Furthermore, next week’s Federal Reserve policy meeting begs to keep things interesting.
U.S. benchmarks still pointed lower ahead of the bell and several macro narratives have been weighing on the tape. Still, all things considered, this is a very expected pullback after the S&P and NQ both went a little too far, a little too quickly.
This week’s economic calendar will not test last week’s supportive footprint until Friday’s Flash PMIs, but we dive headfirst into earnings season and hear from both the Bank of Canada and the ECB ahead of next week’s FOMC meeting.
Retail Sales, NY Empire State Manufacturing, Philadelphia Fed Manufacturing, and Weekly Jobless Claims all came due at 7:30 a.m. CT. Industrial Production was released at 8:15 a.m. CT and will be followed by a lineup of Fed speakers through the afternoon.
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.
Let’s face the facts here: It’s easy to blame the market and commiserate with other traders, but it’s a lot harder to think for yourself and look for the silver lining after a bad trade.