Futures Markets News Oil 

Oil prices fall after rally prompts profit-taking

“While enthusiasm in the U.S. oil market dwindles, things are looking a little brighter across the pond” writes Investing Group Trading for investinggrouptrading.com. The North Sea oil market is being supported by traders booking shipments to rare destinations such as Chile, Uruguay and Thailand.That has kept the U.S. oil benchmark trading at a discount to its longer-dated futures.In fuel markets, the net-long position on the benchmark U.S. gasoline contract declined 16 percent. Source: investinggrouptrading.com Share This:

Read More
Futures News 

DGCX Launches Sharia Compliant Gold Futures in Move to Attract Investors

“By overcoming such hurdles and introducing Sharia compliant gold futures, the DGCX hopes to capitalize on the growing demand for gold from Saudi Arabia, which has been measured at between 60 tons to 85 tons” reports financemagnates.com. They can make use of these Sharia-compliant gold futures for this purpose.The Dubai Gold and Commodities Exchange (DGCX), a UAE derivatives bourse, has decided to launch the first-ever Sharia compliant Spot Gold contract in the Middle East along with Saudi Ayedh Dejem Group, demonstrating its interest in gold futures.Register now to the London…

Read More
Futures News 

Wall Street set for a flat open as political turmoil, Barcelona terror attack weigh

“Dow Jones industrial average futures were unchanged, while S&P 500 and Nasdaq 100 futures rose 1.5 points and 15.5 points, respectively” writes unknown author for cnbc.com. U.S. stock index futures pointed to a flat open on Friday, as investors took note of the negative trading sentiment seen globally in light of the terror attack in Barcelona on Thursday.Consequently, European stocks were trading in the red, while Asia finished on a negative note in light of U.S. politics and the Barcelona terror attack.Three men have been arrested, while police killed five…

Read More
Futures News Oil 

Oil prices rebound after EIA-fueled selloff

“Oil futures rebounded slightly on Thursday, a day after heavy selling that came on the back of data showing U.S. oil production has jumped to an over two-year high” writes Markets Reporter for marketwatch.com. On the New York Mercantile Exchange, light sweet crude futures for delivery in September CLU7, +0.15%  gained 11 cents, or 0.2%, to $46.89.The Energy Information Administration reported a rise of 79,000 barrels a day in total crude-oil production to 9.502 million barrels a day last week.There’s also concerns that the OPEC-led cuts are incentivizing other oil…

Read More
Futures News Stocks 

Gold futures poised for third straight losing session

“Traders also are awaiting further clues on monetary policy from minutes, set to be released at 2 p.m” writes Markets Commodities Reporter for marketwatch.com. Gold futures looked set to extend their declines to a third session Wednesday as a trio of a strengthening dollar, rising stocks and subsiding tensions around the globe weighed on so-called haven assets.December gold GCZ7, +0.26%  fell $1.80, or 0.1%, to trade at $1,277.90 an ounce. Source: marketwatch.com Share This:

Read More
Futures News 

Wall Street set for a higher open, as investors shake off political turmoil and look to Fed minutes

“Dow Jones industrial average futures rose 50 points, while S&P 500 and Nasdaq composite futures advanced 5.25 points and 14.50 points, respectively” writes Jin Lee for cnbc.com. U.S. stock index futures pointed to a positive open on Wednesday, as investors shifted their attention to the upcoming FOMC minutes as turbulence in the U.S. political space continued to rumble on. Source: cnbc.com Share This:

Read More
Futures News Reviews 

Futures Daily Review August 16, 2017

Futures Daily Review for August 16, 2017 Futures Pointing To Continued Strength On Wall Street The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks poised to extend the upward move seen in the previous session. Upbeat economic data and easing concerns about the situation with North Korea may generate continued buying interest.   Have a nice trading! Share This:

Read More
Futures News Oil 

Oil prices rise on hopes for another big drop in U.S. inventories

“Oil futures rose Wednesday after an industry-group report said U.S. crude inventories logged another big drop last week” writes Biman Mukherji for marketwatch.com. On the New York Mercantile Exchange, light sweet crude futures for delivery in Septembe r CLU7, +0.55%  was recently up 0.4% at $47.74 a barrel in the Globex electronic session.The survey also showed expectations for declines of 400,000 barrels for gasoline stockpiles and 700,000 barrels for distillates, which include heating oil.October Brent crude LCOV7, +0.65%   on London’s ICE Futures rose 0.5% to $51.06. Source: marketwatch.com Share This:

Read More
Futures Markets News 

The latest market to go berserk in China: Steel prices

“Chinese steel prices are falling this week after spiking to record highs last week as a series of curbs targeting speculative trading kick in” writes Sophia Yan for cnbc.com. Starting Tuesday, one of China’s biggest commodities derivatives markets is raising transaction fees to 0.05 percent of the total value, from 0.01 percent, on steel rebar futures contracts for delivery in October 2017 and January 2018. Source: cnbc.com Share This:

Read More
Futures News Stocks 

Stocks poised for higher open as geopolitical fears recede

“See: North Korea could take back seat as stocks face big week for consumer data” writes Markets Writer for marketwatch.com. U.S. stock-index futures pointed to a solidly higher open on Monday, indicating that major benchmarks were poised to rebound from last week’s sharp decline, which represented their biggest weekly drops in months. Source: marketwatch.com Share This:

Read More