Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
It’s that time of the year where December contract is the front month for all stock indices/ currencies/ financials and other markets!
(US) Market Trading Hours Summary: Spat of M&A buoys risk sentiment
Investors’ animal spirits were elevated after a merger Monday of sorts. Nvidia confirmed a $40B deal to acquire Arm setting the stage for a rally in the semis. Oracle appears to be the leader in the house for TikTok assets but details remain minimal. The Greenback continued to back track and gold futures rose 1% while bond prices were little changed. The Yen firmed after it was reported that incoming PM Suga will keep Aso on as Deputy PM and Finance Minister.
– Risk on appetite fueled by renewed optimism about a coronavirus vaccine
– Japan Suga won LDP leadership vote and poised to become the country’s new Prime Minister
– UK Parliament prepared to debate a proposal to rewrite parts of the Brexit withdrawal agreement.
-(US) Sec of Treasury Mnuchin: Confirms Oracle TikTok offer received over weekend; will continue to work on stimulus – CNBC interview
Europe and Asia
-(US) US Ambassador to China Branstad said to resign – CNN
-(UK) PM spokesperson: Internal market bill to protect trade across the four nations of the UK while maintaining global standards
-(EU) ECB Lane (Ireland, Chief Economist): Precautionary savings will persist for a while
-(JP) Incoming Japan PM Suga to reappoint Taro Aso as Deputy PM and Fin Min – press
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
Futures Trading Levels
Economic Reports, source:
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
Posted in: Future Trading News