Day: July 14, 2024

Get Ready For A Volatile Monday

Investors will initially favor traditional haven assets and perhaps lean into trades most linked to former President Donald Trump’s chances of winning the White House after he survived an assassination attempt, according to market watchers. Currencies begin trading at 5 a.m. in Sydney when the US dollar could get a boost, along with other refugees from market volatility like Japan’s beleaguered yen, the Swiss franc and gold. Bitcoin rose above $60,000 in the wake of the attack. Traders will also be watching futures contracts on the S&P 500 index and on the US Treasuries market, both of which start trading at 6 p.m. in New York. Source: https://www.bloomberg.com/news/articles/2024-07-14/haven-rush-trump-trades-on-investor-minds-after-shooting?embedded-checkout=true So, while we are bracing for a volatile open for markets on Monday, let’s check how ready you are in terms of risk management. Here is a CFA practice question to chase your brains: A trader started off with $2,300 in a futures margin account. The initial margin requirement is $2,000 and the maintenance margin equals $1,500. If his position loses $950, the variation margin equals: A. $500 B. $650 C. $950 submitted by /u/FXgram_ [link] [comments]