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Tag: Futures

Crypto Futures Markets News 

CFTC Chair Says Ether Futures ‘Likely’ in 2020

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“Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes the crypto world will see ethereum futures contracts sometime in 2020” reports coindesk.com. However, it remains unclear who might actually be interested in offering ether futures contracts to the U.S. market.The process would be similar to approving bitcoin futures contracts.He added: There may be a demand for other futures contracts.He went on to add: Tarbert first declared ether a commodity earlier this month, announcing that his agency would be willing to approve futures contracts on the world’s second-largest cryptocurrency by market…

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Futures News Stocks 

Stock futures drift higher as one of the busiest weeks for U.S. corporate earnings unfolds

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“Global stock-markets were also trading higher at the start of the week” writes Mark Decambre for marketwatch.com. The Stoxx Europe 600 SXXP, +0.00%  was trading less than 0.1% higher.United Parcel Service Inc.’s stock UPS, +1.00% gained after the package-shipping company delivered third-quarter results that outperformed analysts’ consensus estimates. Source: marketwatch.com

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Futures GBP News 

Gold hovers as traders watch Brexit, U.S.-China trade talks

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“Gold futures struggled for direction Tuesday as investors kept an eye on developments surrounding Brexit and U.S.-China trade talks” writes Deputy Markets Editor for marketwatch.com. A firmer tone for U.S. equities helped rob gold of its haven appeal on Monday, noted Carsten Fritsch, analyst at Commerzbank, in a note.Gold for December delivery GCZ19, +0.14% on Comex were up $1.10, or 0.1%, at $1,489.20 an ounce, while December silver SIZ19, -0.24%  was off 3.7 cents, or 0.2%, at $17.565 an ounce. Source: marketwatch.com

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Futures News Oil 

Oil steady on weak demand concerns despite U.S.-China trade optimism

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“Brent crude oil futures were down 6 cents, or 0.1% to $58.90 a barrel by 0309 GMT, while U.S. West Texas Intermediate (WTI) crude futures were flat at $53.31 per barrel” writes Midwest Communications Inc for 95kqds.com. “Crude oil prices remained in the doldrums, with ongoing economic weakness weighing on sentiment,” it added.SEOUL (Reuters) – Oil prices were little changed Tuesday as lingering worries over a global economic slowdown that could hurt oil demand offset some signs of progress in U.S.-China trade talks.”Commodity markets were cautiously optimistic amid signs that…

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Futures News 

Dems Seek Insider Trading Probe After ‘Trump Chaos’ Article…

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“Last week, Democratic Representatives Ted Lieu and Kathleen Rice requested a federal investigation into the timing around sales of e-mini futures contracts before significant geopolitical events or statements from Trump” writes Matt Robinson for yahoo.com. CME Group Inc., the world’s biggest futures exchange, has dismissed the claims, arguing that the trades highlighted in the story couldn’t have been based on inside information because too many market participants were involved. Source: yahoo.com

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Futures News 

European equities start to climb higher on the session

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“I wouldn’t say that risk trades are going to start rallying from here but there is some mild optimism to start the week, though investors are likely to reserve some caution still” reports forexlive.com. That said, gains in the Eurostoxx main index are more measured with US futures also not getting all too hyped up for the time being.S&P 500 futures are only up by 0.2% still at the moment. Source: forexlive.com

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Futures GBP Markets News Oil 

Asian share markets cautious, pound stumbles on Brexit drama

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“Oil futures fell as lingering economic growth concerns and excess supplies of crude prompted speculators to trim their long positions” writes Midwest Communications Inc for 95kqds.com. Financial markets have been whipsawed over this period as a steady increase in tit-for-tat tariffs have slowed global trade and raised the risk of recession for some countries.The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months.TOKYO (Reuters) – Asian stocks were steady in a cautious start to the week on Monday, while the…

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Futures News 

Stock-index futures edge higher, on track for positive week as earnings season begins

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“E*Trade Financial ETFC, +0.08%, reported quarterly earnings of $1.08 per share, 7 cents a share above estimates and revenue beat forecasts” writes Deputy Markets Editor for marketwatch.com. SLB, -0.19% were also higher after reporting third-quarter earnings and revenue that came in above Wall Street expectations.Coca-Cola KO, +0.00%  reported adjusted quarterly profit of 56 cents per share, in line with forecasts but revenue was higher than expected.Read: What a Brexit deal would mean for U.S. stocks and global investors A busy week for earnings comes to a close Friday. Source: marketwatch.com

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Futures News Reviews 

Futures Daily Review October 18, 2019

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Futures Daily Review for October 18, 2019 Oil futures settle higher after U.S. and Turkey agree on ceasefire in Syria Oil futures settled higher on Thursday, buoyed by news that the U.S. and Turkey agreed on a ceasefire in Syria, easing worries about tensions in the Middle…   JPY Futures: room for a correction lower In light of flash data for JPY futures markets from CME Group, open interest dropped once again on Thursday, now by almost 1.3K contracts. In the same   GBP Futures: upside looks exhausted Investors trimmed…

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Futures News Reviews 

Futures Daily Review October 17, 2019

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Futures Daily Review for October 17, 2019 GBP Futures: rally has further legs to go Open interest in GBP futures markets rose again on Wednesday, this time by around 2.1K contracts according to flash data from CME Group. In the same l   EUR Futures: further upside not ruled out In light of preliminary data from CME Group for EUR futures markets, open interest rose for the second session in a row on Wednesday, now by nearly 5.   Have a nice trading!

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