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Dollar Rides on Small Roller Coaster
FREE ARTICLEThe dollarÂ generally moved higher on early European equity market weakness, before slipping on speculation the U.S. Treasury will inject more capital into U.S. banks. U.S. equity futures are currently higher as a result of the capital injec read this
Currency Trading Erratic; Dollar, Sterling Lose Ground
FREE ARTICLEThe early bid tone to the USD and JPYÂ proved short lived as the market responded to speculation of potential U.S. Treasury stakes in U.S. banks. USD-JPY reclaimed 93.00 after finding a bid ahead of 92.50 and EUR-USD rebounded from 1.2563 lows read this
Oil Price Plunges to 3+ Yr Low As Recession Kicks In
FREE ARTICLEOil prices have fallen to the lowest level in more than three years and signs that the U.S., the world's largest energy consumer, may be experiencing the longest decline since World War II. Markets are increasingly concerned that the world wide ec read this
Swissy Turns Lower
FREE ARTICLEThe Swissy turned lower after it failed to sustain early European buying momentum. Broad weakness across global equity markets was the catalyst for a safe haven bid in early trade, which saw EUR-CHF record 1.5170 lows. But follow-through selling was la read this
Euro Debt Futures Rally on Recession fears
FREE ARTICLEEuropean debt futures have rallied on continued global recession fears and rate cut expectations, and despite European stock markets having recovered after an initial sharp drop in early morning trade. The December 10-year Bund future is up 50 ticks on read this
Asian Equity Softness Pushes Gold Lower
FREE ARTICLEBullion slipped lower in early European trade to record $763.05 lows. Broad weakness in Asian equities was the catalyst for early safe haven trades in Europe, which benefited the dollar and weighed on gold.Â Equities turned higher and the ma read this
EZ Yield Spreads Widen
FREE ARTICLEÂ Eurozone yield spreads widen to most since 1999, with both the German-Italian 10-year government yield spread as well as the German-French yield spread the highest in 11 years. read this
Dollar Edges Lower
FREE ARTICLEUSD edged lower onÂ a fresh round of old speculation thatÂ $150 bln will be invested in 52 banks by the U.S. Treasury. U.S. equity market futures have turned higher and European indices pared earlier losses, leading to an unwindin read this
Euro Slips vs. Dollar in Early Trades
FREE ARTICLEEUR-USD moved modestly lower in early European trade, with weakness in the euro crosses adding weight on the dollar pairing.Â EUR-USD went toÂ 1.2563Â before moving to 1.2610Â after European indices followed read this
JPY Trades Firmer as Stocks Slip again
FREE ARTICLEJPY traded on a moderately firmer footing as the European market responded to broad equity market weakness. The Asian market saw sharp losses, which included a Nikkei fall in excess of 6%, while European markets are under decent pressure early on, with read this
Gilts Rally as Stocks Slide Anew
FREE ARTICLEGilt debt futures have rallied in early trade,Â in line with similar moves in Asia overnight. Rate cut expectations have been revi read this
Sterling Steadier at Lower Levels
FREE ARTICLESterling hasÂ steadied at lower levels after Monday's sharp sell-off which saw the unitÂ record $1.4804 lows and EUR-GBP move up to 0.8527 highs. A broad reduction in risk was an influence on price action, but the bulk of the read this
Euro Stocks Tone Bearish as Indices Fall
FREE ARTICLEFootsie -2.77%, DAX off 3.25% read this
Debt Futures Well Bid on Weak UK, EZ Data
FREE ARTICLEDebt futures have been supported throughout the morning by weak data in both the EZ and the UK, as well as stock market losses. The December 10-year Bund future is up 48 ticks on the day at 121.95, while the corresponding Gilt future is up 58 ticks at read this
Euro Sags in Early NY Trading
FREE ARTICLEEUR-USD losses accelerated in early N.Y. trade, with stop losses triggered below 1.2825 and forcing an extension to 1.2773 lows. This marks a move of almost two big figures since it record its early European peak of 1.2959. The pace of the pullback in read this
Euro Debt Futures Make Headway
FREE ARTICLEÂ European debt futures are higher, supported by weak EZ inflation figures while European shares markets are mixed.Â The read this
Gold Bid But Off Asian Highs
FREE ARTICLEGold maintained a supportive tone above $800 oz as dip buying came in ahead of $810.00 in quiet trade. A small move was noted up to $814.50 highs highs, but prices remained adrift of the Asian peak of $816.15, with upward momentum lacking due to holida read this
Oil Prices Ease Ahead of Weekend OPEC Meeting
FREE ARTICLEOil prices are lower ahead of this weekend's OPEC meeting. The chariman of Libya's National Oil Corp. said yesterday that OPEC may consider a reduction in production to stem the sharp decline in oil prices as the world recession is curbing deman read this
Main Currency Units Trade Quietly
FREE ARTICLEThe European morning experienced quiet holiday thin trading conditions following Thursday's Thanksgiving holiday. European equity markets read this
Dollart Quietly Steady after Thanksgiving Holiday
FREE ARTICLEThe dollar is holding steady in quiet trade, but there could be some speculative buying as the session progresses.Â These month end flows are often debated, but they have influenced of late, with liquidity at a premium and larger market par read this
Base Metal Trading Lacks Trend
FREE ARTICLEThree month LME copper was quoted at $3,675 per metric ton, off just $21 from the Thursday kerb.Â Â Lead, on the other hand, firmed slightly on some short covering. read this
European Opening Comments
FREE ARTICLETrading in most markets is quiet following the US Thanksgiving holiday which sawÂ the American markets generally closed. <span style="f read this
Euro Well Bid vs. Dollar But Then Eases on Pft Taking
FREE ARTICLEEUR-USD maintained a supportive tone, trading within close proximity to 1.2900 after it recorded Asian accounts highs of 1.2957. Monday's equity market gains were followed by firmer levels in Asia, which encouraged another bout of dollar selling pres read this
Mkt Expects Dovish Testimony from BoE Chiefs
FREE ARTICLEThe Bank of England governor Mervyn King, along with MPC Committee members Kate Barker, John Gieve, Charles Bean and Andrew Sentance will be testifiyng before the Commons Treasury and Civil Service select committee on the Bank's November inflation re read this
BHP OfferWithdrawal for Rio Tinto Catches Mkts on Hop
FREE ARTICLEDealers expressed surprise at the BHP Billiton move toÂ withdrawÂ its $58 Bln offer for Rio Tinto because of the worseningmarketÂ environment and certain EU conditions. These specified that BHP divest itself of highly v read this
Nikkei Closes 5.2% Higher
FREE ARTICLEDealers said the market remains nervous amid fears that the euphoria following the Citigroup bailout may prove short-lived. The Japanese stock market was closed yesterday (Monday) for a public holiday. read this
Dollar Slips Against Most Units, Not Yen
FREE ARTICLEGlobal equity markets rallied on the Citigroup news, which resulted in the dollar losing ground versus most major currencies but the yen. Monday's N.Y. session will reveal October existing home sales at 10:00 EST, though FX market focus will likel read this
Copper Thrusts Almost 8% Ahead
FREE ARTICLEThree month copper surged to $3,760 on the LME from $3,540 at Friday's close. Other base metal prices rose in sympathy, all helpedÂ by the Citigroup bailout.Â Â read this
Currency Mkts Cautious After Citigroup Bailout
FREE ARTICLEThe European market focused on the Citigroup bailout, which saw broad strength in European equity markets. The impact on FX was muted, although the USD, JPY and CHF did head lower. Downward momentum was limited though, with fears of further banking sec read this
London Morning Gold Fixing: $816.75 vs. Prev. Afternoon $774.50
FREE ARTICLEGold holds firm at higher levels. read this
Euro Govt Debt Issues Move Lower
FREE ARTICLEÂ European government debt futures are lower on the session, having lost initial gains as stock markets have extended gains, led by banking shares following the U.S. government's Citigroup bailout over the week read this
Bullion Extends Gains -- Nears $820/oz
FREE ARTICLEGold extended gains to trade at $818.75 highs. The rally in gold came in tandem with broad dollar weakness, which responded to broad based equity market gains, suggesting that movement was influenced by short term speculative interest rather than safe read this
Oil Prices Hold Steady
FREE ARTICLEÂ Oil prices are little changed. Venezuela's Oil Minister said yesterday that slowing global demand has left aÂ one million-barrel-a-day oversupply that needs to be removed by year end and there are some concerns that OPEC will read this
Euro Debt Issues Lose Opening Gains
FREE ARTICLEThe German Ifo came in weaker than expected, but it seems to have been a case of buy the rumour sell the fact as both Bund and Gilt futures lost opening gains after the release and moved into negative territory. Bunds are outperforming Gilts, however, read this
Pound Steady Ahead of pre-Budget Report
FREE ARTICLEGBP consolidated ahead of the U.K. pre-budget report. Cable was influenced by broader dollar movement and traded close to the 1.4900 after rejecting highs of 1.4969 ahead of the European open. The pair traded in to 1.4858, but found demand from U.K. cl read this
EUR Offered vs. Other Main Units
FREE ARTICLEEUR gave back overnight gains and traded on a softer footing against USD, JPY and CHF. The market continued to favour risk reduction and safe haven buying, which saw EUR-USD trade in to 1.2600 ahead of the German Ifo and extend to 1.2568 lows over the read this
Gilts Open Higher
FREE ARTICLEGilt futures openedÂ higher.Â The December 10-year Gilt debt future is up 8 ticks at 116.91, while FTSE 100 opened 2% hi read this
Swissy Firms in Early European Trading
FREE ARTICLECHF firmed up in early European trade, with short term accounts favouring risk reduction after news of the Citigroup bailout. There was a small relief rally in high yield/commodity bloc currencies in Asia, but on the whole buying interest has tended to read this
Dollar Faces Far East Pressure in Thin Trading
FREE ARTICLEÂ The Citigroup news has lifted U.S. equity futures, though it has failed to lift the recessionary blues in most Asian markets today. <span class="actionalerts_body"& read this
Citigroup Bailout Dominates Asian FX Trading
FREE ARTICLEAsian FX trading flows were dominated by the breaking news on the Citigroup bailout. Currencies and USD-JPY rallied at the open in Asia to 96.07, finding residual support from the strong, late rally on Wall read this
Bunds Buck Trend -- Move Higher In Line With Stock Futures
FREE ARTICLEBund futures are higher in early trade despite higher stock market futures, which are supported by news of the bailout of Citigroup. <span cla read this
Main Euro Stock Indices Well Off Lows After Swiss Bank Rate Cut
FREE ARTICLEDAX -1.57%, Footsie 1.44% lower read this
FTSEurofirst Hits 5-1/2 Yr Low; Off 3.5% at 783.72
FREE ARTICLEÂ . read this
Fed Funds Little Moved After Inflation, Housing Data
FREE ARTICLEFed funds futures are little changed after the housing and inflation data. Buying has certainly been limited in recent sessions by the rich levels in the futures. <span class="action read this
Pound Inches up on US Buying
FREE ARTICLEÂ Cable recovered amid U.S. name buying,Â retracing its earlier weakness to trade up to 1.5068 highs, while EUR-GBP has been depressed to 0.8386 session lows. M&A related demand is once again mooted and expected to contin read this
Gold Steady But Can't Hold Day's Highs
FREE ARTICLEGold traded maintained a supportive tone rising to $741.30 highs from Asian session lows of $726.70. The move higher was unsustained though, with an easier EUR-USD tone fueling light speculative selling via read this
Euro Trades Narrowly Mixed vs. Dollar
FREE ARTICLEEUR-USD maintained narrow ranges with early buying interest running in to offers from U.S. corporate accounts and fund names, which forced a move back towards 1.2600. Pressure on the 1.2600 has been limited though, with a quasi-official name and option read this
Oil Prices Skid Further
FREE ARTICLENymex crude continues to slip, hitting a new 22-month low of USD 53.30 per barrel in the European morning on concerns over global demand slowdown. Weak stock markets are also adding downward pressure. Meanwhile, today's EIA U.S. crude oil stockpil read this
German Economy Can Bounce Back -- DIHK Chief Econ
FREE ARTICLEMore competitiveness and further steps to boost investment mean the German economy could return to above average growth as early as 2010, according to the chief economist of the DIHK, the German Chambers of Industry and Commerce. read this
FPL announces appointment of Technical Director
FREE ARTICLENovember 19th, 2008 - FPL appoints Ryan Pierce as Technical Director read this
More on UK Treasury:
FREE ARTICLEThe Treasury says the recapitalisation eligibility criteria include the capitalisation plan, a sustainable business model, a clear funding profile and credible business management. The Treasury also says if the issue is to provide capital, it will carr read this
Moscow Says Oil Loan Talks with China to Begin Again Soon
FREE ARTICLEThe talks concern a $25 bln loan as part of a broader deal over crude supplies. The talks have been disrupted over disagreements about terms and state guarantees. read this
Metals: Copper Backslides, Reverses Friday's Gains
FREE ARTICLEThree month LME copper shed just over two pct in Far east trading. Commodities slipped on the back of profit-taking. Â read this
Markets Report
FREE ARTICLEStrongly firmer European stock markets dominated the morning news, along with furtherÂ uncertainty surroundingÂ sterling andÂ weak GDP figures for the Eurozone as a whole and Germany and Italy indiviudally.Â read this
Swissy Edges Higher
FREE ARTICLEÂ CHF edged higher in to the European session with EUR-CHF and GBP-CHF selling by leverage funds and speculative names. Weak economic sentiment in Europe generally encouraged some bargain hunting in the CHF despite broadly equity markets. read this
France's Lagarde Says Euro Gradually Becoming More Important as Reserve Currency
FREE ARTICLEShe also said that a major shift away from dollar as reserve currency would bring more market problems, and she refused to rule out currency market intervention; Â Â read this
Korean Won Loses 5% on Day -- Biggest Session Fall For 3 Weeks
FREE ARTICLEMarket worried about the effects of a global recession on the Korean economy, heavily export oriented. International balance of payments also weak. Â read this
Sterling Steady in Early Trades Ahead of BoE Rate Cut Decision
FREE ARTICLESterling @ $1.5860; Euro $1.2865 read this
Metals: Copper, Other Base Metals Slide in Far East Trading
FREE ARTICLEThree month copper eased $150 from yesterday to $3,920 per metric ton. Aluminium held up better but still gave ground. Standard Bank said base metals will probably "continue to remain uder pressure for the time being". Â read this
FX Mkt Conditions Choppy
FREE ARTICLEÂ The European morning saw choppy price action. There was little directional bias and the market lacked depth as participants digested the U.S. election results and the impact on the dollar. In Asia the dollar ga read this
Energy: Oils Slip on Recession Concerns
FREE ARTICLEOil prices are correcting after yesterday's rally on the renewed realization that slowing world growth will curb demand. A Bloomberg survey predicts that today's U.S. Energy Department report will show a sixth week of rising inventories. And read this
Euro Govt. Bond Futures Rise, Stocks Slip
FREE ARTICLEEuropean government bond futures are higher while stock markets have posted losses. Weaker than expected services PMI data, has also helped to underpin debt futures. The December 10-year Bund future is up 23 ticks at 116.91 while the corresponding Gilt read this
Gold Eases on Profit Taking
FREE ARTICLEGold traded on an easier footing as profit taking came in after Tuesday's surge in prices. Gold hit $767.20 highs after rallying over $40 and consolidated back in to the $753.00 area in the European morning. Prices started the Asian session around read this
Swissy Trades Firm
FREE ARTICLECHF traded on a firmer footing, with EUR-CHF recording 1.4960 lows and USD-CHF trading down to 1.1635 lows in early European trade. The Swissy benefited from a bout of risk reduction as European equities moved modestly lower. Overstretched positioning als read this
Pound Edgy and Well Offered
FREE ARTICLEGBP reversed gains, with Cable trading back to 1.5800 and EUR-GBP moving off 0.8085 to trade up to 0.8130, though the pound did regain small ground latterly to $1.5815. Sterling was already in decline ahead of the U.K. releases, but extended losses aft read this
Sterling Reclaims Some Ground
FREE ARTICLEGBP underpinned following Asian weakness, with Cable rallying out of 1.5800 to reclaim the 1.5900 handle following good EUR-GBP selling interest. A German name and a supra-national entity were good sellers of the cross, as well as interest from specula read this
EUR Well Bid vs Dollar
FREE ARTICLEEUR-USD was supported by Eastern European demand, which lifted the pair off the 1.2795-00 to trade back in to 1.2850. On the whole, little has changed, with the broad 1.2500-1.3025 trading range intact follo read this
Euro Govt. Bonds, US Treasuries Open Higher
FREE ARTICLEGilt futures opened higher, in line with Bunds and overnight Treasuries.Â The December 10-year gilt future is up 18 ticks at 111.87. <span class="actionalerts_body"&g read this
alphability
SUBSCRIBERS ONLYAutomated Trader’s proprietary tradability metrics are environmental statistics intended to assist those building trading models/systems in determining which markets and timeframes are most favourably responsive to which generic types of model. read this
implementation shortfall algorithm for illiquid stocks
SUBSCRIBERS ONLYScott Bradley, Head of Electronic Client Solutions Sales EMEA and Chris Andrew, Head of Product Development for EMEA, Electronic Client Solutions at J.P. Morgan outline the use of an implementation shortfall algorithm designed for illiquid stocks to a read this
Rapid Model Deployment (RMD): The new race for speed in systematic ﬁnance
SUBSCRIBERS ONLYThese days, speed is of the essence in more than just order routing. Phil Perkins, Ben Van Vliet and Carl Ververs of the Institute for Market Technology explain how a rigorous process for rapid trading model development is becoming an absolute necessity. read this
Me and My Machine: The Automated Trader Interview
SUBSCRIBERS ONLYMiles Kumaresan, Head of Quantitative Trading at TransMarket Group Ltd, talks to Automated Trader’s Editor, William Essex, about the development of the company’s High Frequency Quantitative Trading Group. read this
Researching Quantitative Methods from "Quality Money Management" by Andrew Kumiega and Benjamin Van Vliet
FREE ARTICLEAs the competition to produce and quickly deploy profitable trading models continues to increase, many participants are starting to pay more attention to refining their model development process. In the second of three excerpts from their book "Quali read this
Excerpt from "Quality Money Management" by Andrew Kumiega and Benjamin Van Vliet
FREE ARTICLEAs the competition to produce and quickly deploy profitable trading models continues to increase, many participants are starting to pay more attention to refining their model development process. In the first of three excerpts from their book "Qualit read this