Month: November 2019

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Early close due to the US holiday The S&P 500 fell 12 points to 3141, finishing just 2 points above the session low. Selling accelerated on reports about more more sanctions on Huawei along with a brutal day in energy. Even with today’s fall, the index posted a sparkling 3.3% climb in the month. ForexLive
Rough day for crude oil Fears that Russia will block an OPEC+ quota extension have hammered oil prices today. WTI is now down $4.27, or 4.75%, to $55.35. The drop puts crude in-line for the second-lowest close of the month and puts the market on eggshells ahead of the December 5 OPEC meeting in Vienna.
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How month-end models can predict movements into the end-of-month fix Here is how SocGen explains its month-end currency rebalancing model and it’s a good basis for how all firms try to anticipate what will happen into the month-end fix. The FX Month-End Rebalancing model explained The model is based on the concept that global portfolio
Forex news for Asia trading Thursday 28 November 2019  There were a couple of high-impact news items across the wires today, in close succession. Firstly we got the publication of the much-awaited YouGov/Times MRP poll/model which indicated Boris Johnson’s Conservatives well ahead in the election, to the tune of a 65 seat majority (which, if
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