Trader Noble Market Commentary 11/10/2021

On 11/10/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets were choppy to end the week, finishing Friday’s session lower, led by the NASDAQ 100 which finished with a loss of 0.51%. Jobs data was the big story of the day. The Bureau of Labour Statistics’ Non-Farm Payroll data for September showed 194,000 new hires versus the expectation for 500,000 and the prior month’s upwardly revised 366,000. The numbers signal the pace of economic growth is slowing. But the Unemployment Rate fell more than expected to 4.8%. The implication is this could push back the Federal Reserve’s timeline on …

Trader Noble Market Commentary 08/10/2021

On 08/10/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets continued their rally on a debt ceiling deal, ending yesterday’s session higher, led by the Dow with a gain of 0.98%. Congress announced that it had reached a deal to suspend the debt ceiling until December, which would provide the government with $480 billion in borrowing capacity. This removes any uncertainty around a potential default. The House voted on this Bill overnight and it will now go to the Senate on Tuesday. In terms of economic data, Jobless Claims fell sharply and came in below estimates. And Continuing Claims …

Trader Noble Market Commentary 07/10/2021

On 07/10/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets rallied strongly off their lows on reports of a debt ceiling deal, finishing the day higher, led by the NASDAQ 100’s gain of 0.63%. Markets opened sharply lower again. This was despite strong ADP employment data. The ADP employment data came in above estimates, showing that the job market’s recovery continues. However, a strong labour market makes the case for the Federal Reserve to begin pulling back on its support for the U.S. economy. This is why we saw markets fall despite the beat. Late in the day, markets …

Trader Noble Market Commentary 06/10/2021

On 06/10/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets rebounded from Monday’s sell-off, finishing yesterday’s session higher, led by the 1.40% gain in the NASDAQ 100. Senate Majority Leader Chuck Schumer (D-NY) said Democrats do not need Republican help to suspend the debt-ceiling limit. He is planning a Senate vote today to move the process forward. If they accomplish the task, it should help to resolve interest rate and growth concerns. In terms of economic data, Markit’s September Services PMI came in above the initial reading, indicating that the economy is performing better than previously expected. Still, the …

Trader Noble Market Commentary 05/10/2021

On 05/10/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets reversed most of Friday’s gains as Interest Rate fears took centre stage again, finishing the day lower, led by the NASDAQ 100 which closed lower by 2.16%. Markets fell as Interest Rates picked up again. Remember, this is the theme the bears are pushing to try and drive the markets lower. They are saying that interest rates are picking up, indicating that borrowing costs will rise as well. And that hurts the growth outlook for companies. Tech companies were the most vulnerable to a sell-off on these fears. Elsewhere, …

Trader Noble Market Commentary 04/10/2021

On 04/10/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets surged on Friday, reversing earlier losses to close higher, led by the Dow’s 1.43% gain. Markets opened strong and remained higher throughout the day. The big news of the day was Merck’s COVID-19 treatment, which comes in pill form. This could be a huge driver in lowering hospitalisations and serious COVID-19 cases. Congress passed a continuing resolution to keep the government funded into early December and avoid a shutdown that could have weighed on the domestic growth outlook. Economic data was strong, with the September ISM Manufacturing Index coming …

Trader Noble Market Commentary 01/10/2021

On 01/10/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets fell as Jobless Claims picked up again, finishing yesterday’s session lower, led by the Dow’s fall of 1.59%. Markets opened higher before declining throughout the day. Jobless Claims rose again, coming in above estimates. This marks the third straight week of increases for jobless claims. Even with the increases, claims still are close to the post-pandemic low set earlier in the month. In terms of other economic data, Chicago Fed manufacturing PMI fell more than expected with weakness in order backlogs. Survey respondents also highlighted ongoing supply-chain issues. This …

Spoofing, Scalping, Scratches, Fat-Fingers, Shorts, Longs, Stop-fishing, Bars, Yards and Triple Witching – I beg your pardon?

In this article we give the uninitiated a quick look into some of the stranger trading vocabulary you might come across when trading futures and bring you up to speed on the industry lingo and its origins. Spoofing Spoofing is a forbidden practice on regulated exchanges but you will still see it happening in the DOM/trading ladder if you know what you are looking for. The strange term is thought to originate from a board game developed by the British comedian, Arthur Roberts, in 1884. It basically means to trick or hoax somebody. In the trading world the act of …

Trader Noble Market Commentary 30/09/2021

On 30/09/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets tried to rebound from the losses earlier in the week, ending yesterday’s session mixed, as the Dow closed higher by 0.26% while the NASDAQ 100 fell 0.12%. Markets attempted to bounce back from the two declines so far this week. Interest rates backed off their highs from yesterday, easing some of the recent fears over rising long-term rates. Fed speakers continued to make headlines. Federal Reserve Bank of St. Louis President James Bullard said the domestic economy is fully recovered and he sees the central bank starting the asset …

Trader Noble Market Commentary 29/09/2021

On 29/09/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets sold off sharply on interest rate fears, led by the NASDAQ 100 which ended yesterday’s session with a loss of 2.88%, resulting in the VIX surging, to close 24% higher at a price of 23.25. Interest rate fears were back, with the 10-year Treasury hitting the highest level in three months. The stock market bears are going to use this to try and push markets lower, saying that rising yields mean inflation expectations are rising. Elsewhere, Federal Reserve Chair Jerome Powell spooked markets again. Powell noted inflation could remain high for …