I was hoping someone could help me understand this as FX and currencies aren't my bag:
Due to inflation, banks in Iran are now offering interest rates of ~20%, and from what I've read this has been going on for a while.
On the other hand, the Iranian Rial (IRR) with respect to the dollar...
JPM earnings come out tomorrow at 7:00am, so I assume many wanted to jump ship; if you're holding UYG, XLF, or other financials you may want to preemptively lube up for tomorrow, it may hurt.
From the Archive
Op-Classic, 1990: Gloom at the Stock Exchange
By HENRY KAUFMAN
Every week, the Opinion section presents an essay from The Timesâs archive by a columnist or contributor that we hope sheds light on current news or provides a window on the past.
In 1990, in the wake of...
Futures are pointing lower tonight (ES 1088.75). Possibly a gap down reversal tomorrow preceded by a sharp spike in the vix, signaling a short term bottom. Covered my shorts on thursday, looking to go long very short term on Monday, if the scenario above plays out.
I don't understand your point of having three accounts; why not, instead of having three accounts with 500 dollars each, just trade only 500 dollars worth each day in one account. During a settlement hold, money you did not use in the trade is not frozen. When and if you get to $2K, you can...
Frankly, that -777 close made no sense to me, it was -590ish at 4:00pm, and YM never reached the same lows DJIA did afterhours. Usually YM has a 10 point premium on DJIA, but the low for YM was 10400 while it was 10260 for DJIA.