Update:
- *CME GLOBEX RESUMES FUTURES TRADING AFTER TECHNICAL ISSUE
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Looks like the machines want to run post-Yellen stops... to new record highs...
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Perhaps someone needs to tell Treasury Futures it's time to sell off and keep the dream alive...
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Update:
- CME GLOBEX MARKETS TO OPEN 9 P.M. IN CHICAGO
- CME GLOBEX TO PRE-OPEN 8:30 PM CT, OPEN AT 9 PM CT: CME GROUP
- CME: ALL DAY, SESSION ORDERS WITH AUG. 24 TRADE DATE CANCELLED
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It appears - judging from FX markets this evening - that consensus on Jackson Hole is Yellen was more hawkish and Draghi & Kuroda more dovish than expected. The USD index is pushing on towards one-year highs as EUR is down 50 pips (not helped by a dovish FT article on deflation fears) to 11-month lows, and USDJPY broke to as high as 104.45 (weakest JPY in 7 months). In addition to this action, the CME confirms all Futures products will have a delayed opening due to technical issues with NO estimated opening time.
CME's only statement... on GCC site... [6]
[7]
- *ALL CME GLOBEX MARKETS EXCEPT BURSA MALAYSIA HALTED, CME SAYS
Per CME GCC communication system, "Globex 17:00 market open will be delayed." cc: @RANsquawk [8]
— Michael McKerr (@mmckerr) August 24, 2014 [9]
Phone call to Chris Grams, press officer at CME, was not immediately returned
USDJPY at 7-month highs
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EUR tumbling to 11-month lows...
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Of course, there is no need for futures trading anymore since The Fed will merely extend its "communications" policy to announce the end of day print for the S&P 500 each morning going forward...
But for those wondering, EURJPY implies an S&P open around 7 points down... though we suspect USDJPY will be in charge and stocks are lifted.
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Charts: Bloomberg