Month: July 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]

Most Talkable Assets Of The Week

💴 USDJPY – RIP for longs. Yen showed certainly a sizable move on Thursday, with the intra-day range the biggest since the intervention at the start of May 📉 TSLA – Tesla snaps 11-day winning streak after report a robotaxi event will be delayed 📈 QS – QuantumScape stock pops on EV battery deal with Volkswagen’s PowerCo 🔥BTC – Bullish hopes were quickly dashed as prices turned lower from the trendline resistance, falling below $57,000 early today 🗡XAUUSD – Gold is a ‘safe-haven’ play ahead of the 2024 election ⚡️ S&P 500 – Yardeni Research has raised its year-end target to 5,800 Quote of the week: ‘In this age, in this country, public sentiment is everything. With it, nothing can fail; against it, nothing can succeed.’ – Abraham Lincoln, mid of the 19th century Is there anything missing? Anyway, have a great weekend everybody. submitted by /u/FXgram_ [link] [comments]

CITIGROUP earnings out

EPS $1.52 Rev $20.1bln 2Q INVESTMENT BANKING REV. $853M, EST. $870.4M 2Q BANKING REV. $1.63B, EST. $1.55B 2Q FICC SALES & TRADING REV $3.56B, EST. $3.61B submitted by /u/XGramatik [link] [comments]

JPM trading -0.8% in the premarket session

JPMORGAN 2Q INVESTMENT BANKING REV. $2.46B, EST. $2.13B JPMORGAN 2Q MANAGED NET INTEREST INCOME $22.86B, EST. $22.82B JPMORGAN QTR INCLUDES $821M NET RESERVE BUILD submitted by /u/XGramatik [link] [comments]