Explore Special Offers & White Papers from ADMIS

BoE Increases Its Asset-Purchase Plan

Download PDF




Jobless claims in the week ended June 13 were 1,508,000 when 1,220,000 were expected.

The June Philadelphia Federal Reserve business outlook survey was positive 27.5 when negative 22.7 was anticipated.

The 9:00 central time May leading indicators index is expected to be up 1.7%.

A recovery from the lower morning prices is likely.

The technical picture remains positive for stock index futures.


The U.S. dollar is higher for a third day.

Euro zone banks borrowed 1.3 trillion euros ($1.46 trillion) from the European Central Bank via a long-term lending facility. The ECB has relied heavily on its long-term loan program to help businesses and households.

The U.S. dollar appears to be bottoming and the euro currency appears to be topping, especially now that the European Central Bank is becoming more accommodative.

The Bank of England held its regularly scheduled policy meeting today.  The U.K. central bank said it increased the target for its bond-buying program to 745 billion pounds ($935.35 billion), from 645 billion pounds previously. The BoE kept its benchmark interest rate at 0.1%, which is a record low. Officials indicated they are reviewing the merits of lowering their policy rate to below zero.

The Australian dollar is lower after a report showed employment in Australia decreased 227,700 to 12,154,100 people. Full-time employment decreased 89,100 to 8,540,000 people and part-time employment decreased 138,600 to 3,614,100 people. The unemployment rate increased 0.7 pts to 7.1%.


Futures are higher in light of weaker stock index futures.

Federal Reserve speakers today are Neel Kashkari at 10:00, Loreta Mester at 11:15, James Bullard at 1:00 and Mary Daly at 6:00.

According to financial futures markets there is a 97.8% probability that the FOMC will leave its fed funds rate unchanged at zero to 25 basis points at its July 29 policy meeting.



Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

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 ADMIS

Get Started