HFTRant: Much Ado About The Wrong Thing…
Everybody is getting energized about ‘high frequency trading‘ in the US, in which (as I understand it) brokerage houses use ‘bots’ to test whether a bidder on a stock is prepared to up their bid, by placing an order just above them and quickly removing it. So imagine a stock is trading at $21.50 and [...]
USRant for Friday, July 24th
.The following economic data released during the session:Reuters/Michigan Consumer Sentiment Index for was released in the US; the result was 66.0 falling 4.8 from the prior reading of 70.8, – above the consensus estimate of 65.1.Headline IndicesThe Dow Jones Industrial Average rose +23.95 points (0.26%) to 9093.24 points. [...]
USRant for Thursday, July 23rd
. The following economic data released during the session: Continuing Jobless Claims for Jul 11 was released in the US; the series posted a reading of 6225K a decline of 48 from the prior reading of 6273K, Initial Jobless Claims for Jul 18 was released [...]
USRant for Wednesday, July 22nd
Template for prefatory remarks…The following economic data released during the session:Retail Sales m/m for was released in Canada; the result was 1.2% a gain of 2 from the prior reading of -0.8%, Retail Sales ex Autos m/m for was released in Canada; the result was 0.7% rising 1.2 from [...]
USRant for Tuesday, July 21st
. The following economic data released during the session:BoC Interest Rate Decision for was released in Canada; the result was 0.25% a drop of 0 from the prior reading of 0.25%, – less than the consensus estimate of 0.25%.Headline IndicesThe Dow Jones Industrial Average gained +67.79 points (0.77%) [...]
