Explore Special Offers & White Papers from AFS

Fundamentals Supportive to Indices


Futures are higher after softer employment data on Friday strengthened confidence that the Federal Reserve may cut interest rates sooner.

There are no major economic reports scheduled for today.

The fundamentals and technicals are becoming more bullish.


The U.S. dollar index is lower.

Interest rate differentials have turned neutral for the U.S. dollar.

European Central Bank Governing Council member Gediminas Simkus said he sees interest rates being reduced three times in 2024, starting with a cut in June.

HCOB’s composite Purchasing Managers’ Index for the zone euro zone,  improved to 51.7 in April from March’s 50.3, and surpassing a preliminary estimate of 51.4.

March euro zone producer prices declined 0.4% on the month when down 0.5% was expected.

The April euro zone services PMI was 53.3 when 52.9 was expected.

The Reserve Bank of Australia will meet on May 6 and 7. Economists expect the central bank will leave the cash rate unchanged at 4.35%.


Futures are mixed to higher.

Federal Reserve speakers today are Thomas Barkin at 11:50 and John Williams at 12:00 central time.

Financial futures markets are predicting there is a 68% probability that the Federal Open Market Committee will lower its fed funds rate by 25 basis points at its September 18 meeting.

The fundamentals and technicals have improved.

Futures at the long end of the curve are likely to gain on futures at the short end of the curve.


Interested in more futures markets?  Explore our Market Dashboards here.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today