Emini futures e-mini futures traders are closely

E-mini futures traders are closely watching Fed speakers today. Hawkish tones could cap gains, but dovish remarks paired with softer CPI data may provide tailwinds for equities. US MBA mortgage applications fell -12.7% in the week ended September 26, with the purchase mortgage sub-index down -1.0% and the refinancing sub-index down -20.6%.  The average 30-year fixed rate mortgage rose +12 bp to 6.46% from 6.34% in the prior week. Because of their smaller size, Micro E-mini futures enable sophisticated retail investors to trade futures for a fraction of the upfront financial commitment of E-mini futures. “The smaller contract size makes it easier to execute a variety of trading strategies,” says Tim McCourt, global head of equity index products and alternative investments at CME Group. “Micro E-minis are really opening up the market for futures trading to a whole new audience.” Technical setups show E-mini Dow futures forming a bullish ascending triangle. A breakout above 39,820 could trigger momentum buying into end-of-week sessions, according to futures technical analysts.