HELPING FUTURES TRADERS SINCE 1997

Top Daily News

8/29/16

Gold futures made a comeback early Monday after suffering from their largest weekly decline since mid-July.  Strength in the dollar helped Gold stay in check.  Traders looking towards Friday's U.S. jobs report.   U.S. jobs report will play a major role in Fed's next step for future rate hikes. The dollar and gold were jostled in volatile trading after Federal Reserve Chairwoman Janet Yellen’s speech at the Kansas City Fed’s annual economic symposium at Jackson Hole last Friday.

European Commission will demand Apple pay €1 billion in back taxes.

Brewing storm in Gulf of Mexico likely to impact oil rigs along the east coast in near futures.  Oil futures fell on Monday, as investors locked in their profits on growing expectations that the U.S. Federal Reserve could raise interest rates as early as next month and OPEC members may fail to come up with a pact to stabilize output.