Futures News 

Hong Kong’s HKEX to Launch USD and CNH Gold Futures Next Month

“The exchange operator sees an opportunity as increasing regulatory scrutiny is raising costs for banks trading gold over the counter (OTC) in bilateral deals” reports financemagnates.com. They also will run an educational program to enhance investors’ knowledge of the new gold futures.The new instruments are designed to add another layer of gold trading aiming for a chunk of the multibillion gold business, and will include contracts for spot and monthly futures.The operator of Hong Kong’s stock exchange, Hong Kong Exchanges and Clearing Limited (HKEX), today issued an announcement to mark…

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Futures News Regulators Stocks 

U.S. stock futures hunt for a catalyst, with Nasdaq poised for a weekly win

“U.S. stock futures struggled to find clear direction Friday, as the Nasdaq looked set for a winning week, with manufacturing and services data eyed as a potential catalyst for a move” writes Markets Reporter for marketwatch.com. Dow Jones Industrial Average futures   YMU7, -0.18% turned lower, down 44 points, or 0.2%, to 21,304.But the Nasdaq Composite Index COMP, +0.04%  ended up 2.73 points at 6,236.69, driven by a rally in biotech shares IBB, +1.27%  . Source: marketwatch.com Share This:

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Futures News Reviews 

Futures Daily Review June 22, 2017

Futures Daily Review for June 22, 2017 Futures Pointing To Roughly Flat Open On Wall Street – U.S. Commentary Following the pullback seen in the previous session, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open on Wall Street, with the Dow futures down by just 3 points.   Have a nice trading! Share This:

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Futures News Oil 

Oil steady, but jump in U.S. supplies keeps traders on edge

“Data show U.S. shale producers churning out 9.35 million barrels last week, almost 8% higher than the same period last year” writes Jenny W for marketwatch.com. On the New York Mercantile Exchange, light, sweet crude futures for delivery in August CLQ7, +0.02%   was largely unchanged at $42.52 a barrel in the Globex electronic session.Crude-oil futures held steady in Thursday after plunging deeper into bear territory overnight, with concerns lingering over strong shale output growth in the U.S. On Wednesday, U.S. oil prices dropped more than 2% to the lowest…

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Futures News Oil 

Anyone celebrating the US oil export boom is missing a key issue

“Backwardated oil futures prices are another factor that favored oil exports” writes Arthur Berman for businessinsider.com. Perhaps they haven’t noticed that international LNG prices crashed along with oil prices, and that U.S. gas prices have almost doubled in the last year.The Wall Street Journal believes that the expansion of U.S. oil and gas exports demonstrates the wisdom of free markets.Since early June, however, oil futures have returned to contango. Source: businessinsider.com Share This:

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Futures News Oil 

Oil is rising after US inventories fall more than expected

“Oil futures are rising after US oil inventories dropped more than expected” writes Seth Archer for businessinsider.com.au. The US crude oil inventories fell 2.451 million barrels, compared to the 2.106 million expected, according to the Energy Information Administration.Brent oil futures are down 22% this year but were seeing similar increases of around 0.33% Wednesday after the new data.The price of West Texas Intermediate crude oil futures rose slightly Wednesday morning, about 0.48% to $US43.70.WTI crude oil futures are down 10.8% this year. Source: businessinsider.com.au Share This:

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Futures News Reviews 

Futures Daily Review June 21, 2017

Futures Daily Review for June 21, 2017 Futures Pointing To Roughly Flat Open On Wall Street The major U.S. index futures are pointing to a roughly flat on Tuesday following the strength seen in the previous session. Traders may be reluctant to make any significant moves following the upward move on Monday, which lifted the Dow and the S&P 500 to new record closing highs.   Futures Point To Higher Opening On Wall Street The Current Account Deficit is the major data to be released today. Initial trading pattern in…

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Futures Markets News Oil 

Crude futures hold steady after falling into a bear market

“On the heels of falling into a bear market, U.S. benchmark oil futures dipped modestly on Wednesday, but remained above session lows ahead of weekly U.S. oil data” writes Jenny W for marketwatch.com. A 20% decline for an asset price is considering resulting in a bear market.For WTI, this is the 5th bear market since oil started its slump three years ago as the commodity has seen four 20%-plus rallies since that initial tumble.On the New York Mercantile Exchange, light, sweet crude futures for delivery in August CLN7, -1.95%  recently…

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Futures Markets News Oil 

Oil prices could fall into the $30s before the selling stops, analysts say

“If you continue to see that, oil production will start to slow” writes Brad Quick for cnbc.com. That sent prices higher, and oil was in the $50 range long enough to entire drillers back into production.Oil prices could slide back into the $30s per barrel before the sell-off ends and prices stabilize, analysts said, bringing pain to both OPEC and its archrival — the U.S. shale industry West Texas Intermediate oil futures for July were trading around $43 per barrel Tuesday, and Brent futures were just above $45.One catalyst for…

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Futures News Oil 

Oil prices just slipped in to bear-market territory

“U.S. shale-oil drillers, who aren’t a part of the output agreement, have been cited as the main culprit, disrupting OPEC’s efforts to stabilize oil prices” writes Mark Decambre for marketwatch.com. U.S. crude-oil prices on Tuesday retreated in to bear-market territory, defined as a drop of at least 20% from a recent peak, as the industry continues to be dogged by oversupply concerns. In another bearish sign for U.S. crude, oil’s short-term trading average, its 50-day moving average, has been slipping below the long-term trading average, or 200-day MA. Chart technicians…

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