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:

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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:

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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:

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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:

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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:

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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:

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Futures Markets News Stocks 

Dow futures flirt with 100-point gain as North Korea fears put on back burner

“See: North Korea could take back seat as stocks face big week for consumer data” writes Markets Writer for marketwatch.com. U.S. stock futures gained early Monday, with Dow futures at times trading higher by more than 100 points, signaling a rally for the blue-chip gauge after last week’s 234-point fall that was driven in part by North Korea fears.Dow Jones Industrial Average futures YMU7, +0.43%  were recently up by 93 points, or 0.4%, to 21,941, after earlier showing a rise of 106 points. Source: marketwatch.com Share This:

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Futures News 

Florida court issues order for preliminary injunction against binary options fraudsters

“Defendants Jason B. Scharf, A&J Media, Michael Shah, and Zilmil consented to the entry of the order for preliminary injunction, whereas defendants CIT Investments, Brevspand, and CIT Anguilla have failed to appear or show cause why a preliminary injunction should not be issued against them” reports financefeeds.com. The fraudulent practices of the above-mentioned binary options firms included promises of artificially high returns, bonuses and happy life.Zilmil, which directed customers to binary options websites, for instance, sent more than 60 million fraudulent emails to more than 1.4 million unique email addresses…

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Futures News 

All-time record options bets on volatility spook Wall Street over leverage risk

“The CBOE announced VIX options volume hit 2.56 million contracts on Thursday, a record for a single day” writes Dimaggio Kalish for cnbc.com. Options experts are saying Thursday’s record volume in volatility derivatives bets may signal a dangerous problem with the size of volatility-linked trading products.The focus is on the CBOE volatility index, a key measure of market expectations for near-term volatility as conveyed by the price of S&P 500 index options.One accomplished options trader said the dramatic one-day VIX surge Thursday likely stemmed from traders being forced to close…

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Futures Markets News Oil 

Oil prices head lower as global tensions continue unabated

“However, the kingdom said its high production was to meet peak summer demand domestically” writes Jenny W for marketwatch.com. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU7, -0.88%  was recently down 43 cents, or 0.9%, to $48.15 a barrel in the Globex electronic session.One bullish aspect of OPEC’s report Thursday was its upward projection regarding 2018 global oil demand.October Brent crude LCOV7, -0.91%   on London’s ICE Futures eased 47 cents or 1%, to $51.43. Source: marketwatch.com Share This:

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