US #Equities #Futures 3rd Quarter Trading - Starts with a BANG!

The 3rd quarter just started in a positive tone with Dow Equity Futures trading in triple digit territory.  As the USD recovers from their worst 7 year low currently trading above 95.50 along side a relief recovery from Oil prices trading above the 46.00 /bbl from a low price at 42.00. And the Euroepan majors making a good run with the #Euro and #Pound registering record levels above 1.1400 and 1.3000 respectively and currently in a corrective mode..
 
Even European shares began the new quarter with convincing gains with Asian shares near their respective 2 year highs. Though, the PSE market started of its session with a contrary price decline but was able to move back into positive net change at the close of business with a +23 gain into the  closing PSEI at 7866 for the day. However, the currency front, the PHP have lost more ground trading above 50.55 USDPHP exchange rate. Thus, investors would now have to make necessary adjustments in protecting stock value from a weaker PHP.

Having the ability and accessibility to arbitrage trade positions between equities, indices, currency exposure in global markets can provide tactical investors to improve strategies using futures & options aside from the relative advantage of Exchange Traded Funds-ETF as alternative instruments to include in their respective portfolio.

For now, the market would gather enough volatility as the 4th of July celebration is around the corner. The market would focus on the following reports & data releases from ISM, NFP and FOMC Minutes, where we expect market volatility to increase this coming two weeks. Would not discount the probability to see Asia including the PSEI & European markets extend record levels as it has been lagging behind the US markets.