News 

Archer Daniels has made takeover approach to Bunge: WSJ

“(Reuters) – Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0 Archer Daniels’ move comes after London-based Glencore made an informal approach to Bunge last year to discuss “a possible consensual business combination”” reports businessinsider.com. Bunge’s shares closed up 11 percent at $77.56 on Friday and had a market cap of $9.79 billion. Source: businessinsider.com Share This:

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Markets News Regulators 

BOJ and ECB expectations have trader hopes riding high for the yen and the euro

“If expectations have moved too much too fast, the euro could drop to $1.21, according to the BNP analysts” writes Anneken Tappe for marketwatch.com. Much of the thesis surrounding a strong euro and a strengthening Japanese yen in 2018 is built around central banks and expectations for monetary-policy normalization across the globe.A hawkish ECB might provide a further fillip to the euro EURUSD, -0.0409%  in 2018.Still, “we would highlight that the yen remains very cheap from a long-term valuation perspective and [currency] markets continue to price in BOJ policy remaining…

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News 

Trader Joe’s to remove controversial chemicals from receipts

“Safer Chemicals, Healthy Families ranked Trader Joe’s 25th of 30 in a ranking of retailers’ chemicals policies released in November, one of nine that earned a failing grade” writes Lauren Coleman-lochner for sun-sentinel.com. The chemicals — BPA and BPS — are widespread in register and ATM receipts, according to findings by the Ecology Center, an Ann Arbor, Michigan-based organization that works with consumers and companies to promote greener products and practices. Source: sun-sentinel.com Share This:

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Crypto Markets News 

How I Became a Bitcoin Trader: Running a Bot for Fun and Profit

“This means you need a medium- to long-term horizon for your trading bot and cannot expect phenomenal returns in hours” reports arnesund.com. It is best to view the trading bot as a way of consistently increasing the amount of cryptocurrency you hold.There is one catch with this logic: The sell price has to be reached for the profit to be realized.After first considering to build a bot using Bitcoin exchange APIs directly, a friend mentioned there are purpose-built platforms and frameworks for this already.The Bitcoin market has very high volatility…

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Crypto News 

Trader makes million-dollar bet that bitcoin will triple next year

“Startup LedgerX is less than five years old and launched bitcoin options trading for institutional clients in October” writes Pierre Teyssot for cnbc.com. With bitcoin trading near $16,700 Thursday, that means the call options trader or traders expect the digital currency to soar more than 200 percent in the coming 12 months.Someone just bet that bitcoin will top $50,000 next year.An investor would lose the bet if bitcoin doesn’t reach $50,000 in that time period, but would reap profits if it climbs well above that level. Source: cnbc.com Share This:

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Crypto News 

Trader says cryptocurrency will surge above $100,000 in 2018

“Bitcoin’s runaway rally could accelerate next year as the cryptocurrency continues to gain wider acceptance, a trader said Monday” writes Dan Murphy for cnbc.com. “I think bitcoin is growing up,” he said, hitting back at what he called “bitcoin naysayers” like “academic economists” who take a conservative view and fail to see the cryptocurrency’s potential.The cryptocurrency’s price has surged more than 1,000 percent this year.”I wouldn’t be surprised to see a six figure headline,” said Dave Chapman, Managing Director of cryptocurrency trading firm Octagon Strategy, who sees the price of…

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Crypto Futures News 

Bitcoin Price Mimicking Trajectory of Silver in 1970s: Legendary Trader

“Legendary trader Mark Fisher sees similarities between the dramatic ascent of the bitcoin price and the trajectory that the silver price took during the 1970s” writes unknown author for cryptocoinsnews.com. However, in 1979, the price of silver began to explode, and by the end of the year, it had more than quadrupled.In January 1970, an ounce of silver was traded at an average of $6.08 Over the course of the decade, the silver price doubled, an understandable phenomenon considering that the U.S. dollar decoupled from the price of gold in…

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Crypto Futures News Stocks 

Trader tries a clever way to cash in on the bitcoin boom

“Suddenly everyone is going crazy for crypto, and as bitcoin futures are becoming a reality, one trader has a way to cash in on the action” writes Christophe Morin for cnbc.com. Since announcing it would launch bitcoin futures on Oct. 31, CME has surged 11 percent to fresh all-time highs.One way to play the upcoming launch of bitcoin futures is by selling put options on the CME, he said.”When you sell a put, you’re selling somebody else the right to sell you a stock at the stock price,” he explained.He…

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News 

Turkey to seize assets of gold trader testifying in US

“Turkish prosecutors have ordered the seizure of assets of a wealthy Turkish-Iranian businessman who is the star witness in the U.S. trial of a Turkish banker charged with violating sanctions against Iran” reports foxbusiness.com. Turkey’s official Anadolu Agency said late Friday that Istanbul prosecutors demanded the seizure of the assets of gold trader Reza Zarrab and 22 others as they investigate claims of “espionage for a foreign country” and an “attempt to smuggle assets.”. Halkbank executive Mehmet Hakan Atilla, jailed in the U.S., has pleaded not guilty to charges alleging…

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