Futures News Oil 

Oil ends at 3-month high as the U.S. and China reach a preliminary phase one trade deal

“Oil futures ended higher on Friday, with U.S. and global benchmark prices at their highest levels since mid-September, after the U.S. and China said they have reached a preliminary agreement on a phase one trade agreement” writes Markets Commodities Reporter for marketwatch.com. On top of trade, a decisive victory for Boris Johnson’s U.K. Conservative Party in Thursday’s elections may remove another element of concern for assets considered risky like oil and stocks.February Brent crude BRNG20, -0.21% gained $1.02, or 1.6%, to finish at $65.22 a barrel on ICE Futures Europe,…

Read More
Futures News Oil 

U.S. oil futures settle above $60 for first time since mid-September

“Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September” writes Markets Commodities Reporter for marketwatch.com. Traders digested news of a preliminary phase one U.S.-China trade deal that helped ease worries about the outlook for energy demand.The question of whether U.S. benchmark crude-oil futures can “break above multi-month resistance in the low $60s will depend on U.S.-China trade relations; a favorable deal with material tariff reductions will be supportive of a move higher in oil, while continued confusion on the status…

Read More
Futures News Stocks 

U.S. stocks set to climb as China trade deal gets closer and Conservatives take U.K. election

“The Wall Street Journal later reported a limited trade deal had been agreed, citing sources” writes Markets Reporter for marketwatch.com. Trump congratulated Johnson on his election victory early Friday via Twitter, and said Britain and the U.S. were now free to strike a “massive new trade deal” after Brexit.CNBC reported Friday morning that disputes over a hard target for agricultural purchases could be holding up a final deal.Gold prices GCG20, +0.21%  were also edging higher, up $3.30, or 0.2%, to trade at $1,475.80 an ounce on Comex.Meanwhile, a decisive victory…

Read More
Crypto Futures News Platforms 

Wall St. to Washington: Bakkt Launches New Products, CEO Joins Senate

“Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures” writes Stephen O’neal for cointelegraph.com. In two weeks, the all-time high rose to 452 BTC futures contracts per day.Bakkt’s main feature is physically delivered BTC futures contracts, which the platform actively marketed ahead of launch.However, the offers of both Chicago exchanges are settled in cash, while the ICE-backed platform debuted physical one-day BTC futures contracts. Source: cointelegraph.com

Read More
Crypto Futures News 

BitMex Investor Sues the Exchange for $300 Million

“Crypto futures exchange BitMex has been sued for $300 million by an early investor under the charge of fraud, Bloomberg reported on Thursday” writes Arnab Shome for financemagnates.com. The seed investor is seeking $50 million of the value of his equities, along with another $250 million as punitive damages. Meanwhile, the futures exchange was involved in a massive controversy recently when it accidentally leaked the personal emails of a number of its customers.The lawsuit was brought in by Frank Amato and RGB Coin, who claimed to be the first seed…

Read More
Futures News 

Dow futures mixed as investors watch for signs of rising U.S.-China trade tensions

“The U.S. dollar, as measured by the ICE U.S. Dollar Index DXY, -0.28%, was down 0.3% at 97.149, against a basket of a half-dozen currency peers” writes Markets Reporter for marketwatch.com. In Europe, the Stoxx 600 Europe index SXXP, -0.11% was trading less than 0.1% higher at 406.27.On Wednesday, the Dow DJIA, +0.11%  rose 29.58 points, 0.11%, Wednesday, closing at 27,911.30, the S&P 500 index SPX, +0.29%  closed 9.11 points, 0.29%, higher, at 3,141.63, while the Nasdaq Composite Index COMP, +0.44%  rose 37.87 points, 0.44%, to 8,654.05.U.S. stock index futures…

Read More
Crypto Futures News 

French-Regulated Napoleon Bitcoin Fund Linked to CME Futures

“Paris-based asset management firm Napoleon AM announced the launch of a regulated Bitcoin (BTC) fund, the Napoleon Bitcoin Fund” writes Adrian Zmudzinski for cointelegraph.com. The company announced in a press release that the fund was created on Nov. 8 and is a specialized professional fund under French law. In an attempt to better suit the needs of accredited investors, publicly-traded Bitcoin fund Grayscale Bitcoin Trust filed Form 10 with the United States Securities and Exchange Commission to become the first crypto fund to report to the regulator.There is increasing competition…

Read More
Futures News Regulators 

Gold prices settle higher, head lower after Fed decision

“Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected” writes Markets Commodities Reporter for marketwatch.com. Following the Fed news, which came after gold futures settled, February gold gcg9 was at $1,473.10 an ounce in electronic trading. It had ended the session up $6.90, or 0.5%, at $1,475 an ounce. Source: marketwatch.com

Read More
Futures News Reviews 

Futures Daily Review December 11, 2019

Futures Daily Review for December 11, 2019 Wheat futures climb as USDA forecasts lowest ending stocks in 5 years Wheat futures headed higher on Tuesday as the U.S. Department of Agriculture lowered its ending stocks forecast for the 2019/2020 marketing year by 40…   Stock-market futures pop into positive territory after WSJ says China planning for tariff delay U.S. stock-index futures on Tuesday turned positive, reversing firmer losses intrasession, after the Wall Street Journal offered upbeat news on China trade…   Have a nice trading!

Read More