financials

Relatively quiet overnight session as futures hover above range lows. That all changed with the release of the ISM Manufacturing numbers, which disappointed with the lowest reading since 2009. Futures spiked to their session highs and settled near those highs.
Very quiet overnight session, only 10K options volume prior to pit open. Futures traded near their session lows prior to a weak Chicago PMI number that rallied us to the top of our day range, where we ended the session.
Slow day as markets took in geopolitical news. Majority of Eurodollar futures curve trades in 5 tick range. Very low options volume.
Trades we are monitoring today. Volatility in Eurodollar (rates) looks very vulnerable despite falling last week. It still is an attractive sell.
Futures were relatively quiet overnight, with tight 2-3 tick ranges. A better than expected a new home sales number edged us lower. But a vague Trump tweet about a China deal propped up equities and moved Eurodollars to their session lows where we finished the session.
Futures edged higher overnight on lower volume. They took another leg higher after a miss from the US Service PMI and ended the day near their highs on below-average volume.
Given the backdrop, there was a surprising lack of overnight activity. Futures zig-zagged in a relatively tight range of 5.5-6.0 ticks for the remainder of the session.
With most of the focus on overnight financing, Eurodollar futures proceeded to trade in a 5-6 tick range across most expirations. Most of the action was focused on upside structures, except for one prominent trade.
Surprisingly quiet overnight, given the backdrop of oil news. Less than 100K options traded overnight. Futures also moved within tight ranges, the bulk of the expirations had just a 5.5 tick range. No real economic numbers and waiting for fed kept things tame throughout the session.
Trades we are monitoring today. Volatility in Eurodollar (rates) looks very vulnerable despite falling last week. It still is an attractive sell.