Futures News Reviews 

Futures Daily Review November 21, 2018

Futures Daily Review for November 21, 2018 Highly Volatile Natural Gas Futures see Margin Requirement Raised The Chicago Mercantile Exchange announced a bump to the margin requirement on natural gas futures given the recent uptick in volatility which saw price climb   U.S. stock futures sharply lower, led by tech as rout continues U.S. stock futures tumbled on Tuesday, a day after heavy losses for Wall Street, with tech stocks again setting up for a tough session. Dow futures YM   EUR futures: decline to extend further In light of…

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Futures Markets News Oil 

Oil recovers some losses after 6-percent plunge, but market remains on edge

“International Brent crude oil futures were at $63.19 per barrel at 0239 GMT, up 66 cents, or 1.1 percent from their last close” reports cnbc.com. U.S. West Texas Intermediate (WTI) crude futures, were up 66 cents, or 1.2 percent, at $54.09 a barrel.But investors remained on edge, with the International Energy Agency (IEA) warning of unprecedented uncertainty in oil markets due to a difficult economic environment and political risk.”Rising global growth fears smashed oil markets and saw European and U.S. shares slide,” futures brokerage CMC Markets said in a daily…

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Crypto Futures News 

ICE Delays Launch of First Bitcoin Physical Contract to 2019

“The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt Warehouse, and will be cleared by ICE Clear US, Inc” writes Aziz Abdel-qader for financemagnates.com. Each futures contract calls for delivery of one bitcoin held in Bakkt Warehouse, and will trade in U.S. dollar terms.The established futures exchanges, including those run by Cboe Global Markets and CME Group, already offer bitcoin futures, but they are cash settled, meaning the actual cryptocurrency does not change hands.Its first use cases will focus on Bitcoin trading and exchange…

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Crypto Futures Markets News 

Bakkt Bitcoin Futures Trading Postponed to January 2019

“The Bakkt Bitcoin futures trading product will not go live in 2018 as the Intercontinental Exchange (ICE) pushes the launch to January 2019” writes Nick Omo for livebitcoinnews.com. This announcement comes even as the cryptocurrency market continues to experience a decline with BTC trading below $5,000.In late October, reports indicated that Bakkt could obtain approval for its BTC futures trading product back when the December 12, 2018 timeline was still in effect.Some stakeholders like Tom Lee had earlier pointed to the Bakkt launch as a possible catalyst for an end-of-year…

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Futures News 

Gold futures mark first loss in 5 sessions

“Gold futures declined on Tuesday, pulling back from earlier highs and to mark their first loss in five sessions, as the U.S. dollar strengthened against most of its currency rivals” writes Saefong William Watts for marketwatch.com. Losses for the precious metals came on the heels of strength in the dollar, with the benchmark ICE U.S. Dollar Index DXY, +0.72%  up 0.7% as gold futures settled.The low may be in for gold, “but the market could find itself simply consolidating last week’s gains this week,” analysts at Zaner Precious metals said…

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Futures Markets News 

Dow futures tumble nearly 300 points, Nasdaq poised to fall by triple digits

“On Monday, the tech-heavy Nasdaq Composite Index COMP, -3.03% led the markets lower, closing down 219.4 points, or 3%, to 7,028.48” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average DJIA, -1.56% tumbled 395.8 points, or 1.6%, to 25,017.44, and the S&P 500 index SPX, -1.66% retreated 45.5 points, or 1.7%, at 2,690.73.KLIC, -4.60% plummeted toward a near 2-year low, after the semiconductor equipment maker beat fiscal fourth-quarter earnings expectations, concerns about Apple production has weighed on chip makers.Lowe’s Cos.’s stock LOW, -2.04%  dropped in premarket trade Tuesday, after…

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Futures News Oil 

Oil ends higher as EU reportedly backs French sanctions on Iran and crude producers mull cuts

“January WTI crude CLF9, +1.13% which is now the front-month contract, settled at $57.20, up 52 cents, or 0.9%” writes Markets Commodities Reporter for marketwatch.com. WTI prices were down 6.2% for last week.Read: How plummeting oil prices will affect drivers this Thanksgiving Also read: Here’s a handful of reasons why oil’s bear plunge is overcooked: Goldman Sachs Providing critical information for the U.S. trading day.Oil traders, meanwhile, also weighed the likelihood that major producers due to meet early next month will decide on sizable output cuts to stave off an…

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Futures News Platforms 

ErisX MD Shares 2019 Plans, Explains Differences from Bakkt

“As more institutional investors have entered the space, so too have the number of platforms hoping to onboard them as customers” writes Rachel Mcintosh for financemagnates.com. We will also be the first exchange to provide spot and futures contracts on the same platform.Additionally, ErisX will provide physically delivered futures contracts that “have more granular contracts sizes and expiries; weekly, monthly and quarterlies rather than just daily.Recently, Finance Magnates spoke with Ian Grieves, Managing Director and Head of Product at ErisX, about how ErisX is planning on cornering the institutional market.Over…

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Futures News Reviews 

Futures Daily Review November 19, 2018

Futures Daily Review for November 19, 2018 Gold prices settle up by more than 1% for the week; palladium futures log another record Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week, pro   EUR futures: potential correction lower In light of preliminary figures for EUR futures markets from CME Group, investors added more than 7.3K contracts to their open interest positions on F   Have a nice trading! Share This:

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Futures Markets News Oil Stocks 

Oil prices suffer sixth weekly loss in a row

“Futures prices for U.S. oil settled flat on Friday as global crude gained, but both benchmarks suffered sizable losses for a sixth week in a row” writes Markets Commodities Reporter for marketwatch.com. Read: How plummeting oil prices will affect drivers this Thanksgiving Also read: Here’s a handful of reasons why oil’s bear plunge is overcooked: Goldman Sachs Providing critical information for the U.S. trading day.Phil Flynn, senior market analyst at Price Futures Group, said the resumption of oil exports Friday from the Kirkuk region in Iraq was behind a brief…

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