Brexit Makes a Mark on Futures in Pound-Dollar Trade

The video discusses the crude oil market breaking a 13-day losing streak and the impact of Brexit on trading. Larry Schober from SFG Alternatives at the CME provides insights into market trends, currency fluctuations, and interest rates. The discussion highlights the complexities of global economic factors, including Brexit, US dollar stability, and the influence of Chairman Powell's statements on market movements.

What recent event in the crude oil market is highlighted in the discussion?

• A new record high in crude prices

• Crude breaking free from a 13-day losing streak

• A sudden drop in crude oil demand

• Introduction of new oil trading regulations

How is Brexit perceived to be affecting trading activities according to the discussion?

• It has no impact on trading activities

• It is leading to cautious trading behavior

• It is stabilizing the market

• It is causing increased trading volumes

What is the relationship between the US dollar and global stability as mentioned in the transcript?

• The US dollar strengthens with global instability

• The US dollar weakens with global instability

• The US dollar is unaffected by global stability

• The US dollar only reacts to domestic issues

What is the market's reaction to Chairman Powell's statements?

• Increased risk-taking

• Heightened caution and derisking

• General indifference

• Immediate market stabilization

Which global issues are mentioned as needing resolution for market stability?

• Only US domestic policies

• Trade, China growth, Italy budget issues, and Brexit

• Only Brexit

• Only China's economic policies