| Derek Frey's Outlook
Derek Frey, Head Trader at Odom & Frey Futures Options and FOREX, will walk you through his weekly FOREX newsletter and offer you extensive insight into how, where, and why he feels the currency markets will move for the week ahead. The great part about this is, it is an open session in which he will answer any and all market related questions, giving you the chance to pick the brain of an experienced trader.Derek has been trading for over 15 years and specializes in Options. He has been a regular contributor here at FXstreet.com since 2004.Join him free and find out why traders around the world listen to his opinion every week. Who is Derek Frey? Derek Frey has been a futures trader since 1989 and is Head Trader and partner at Odom & Frey Futures & Options, a firm that specializes in high probability, defined risk option spread trades for the futures markets.
NYMEX and Other Major Market Participants to Form the Green Exchange ...
NEW YORK, Dec. 12 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc. (NYMEX), the world's largest physical commodity futures and options exchange, today announced the formation of The Green Exchange(TM) venture, with Evolution Markets Inc., Morgan Stanley Capital Group Inc., Credit Suisse, JPMorgan, Merrill Lynch, Tudor Investment Corp., ICAP and Constellation Energy. The new exchange will offer a comprehensive range of environmental futures, options, and swap contracts for markets focused on solutions to climate change, renewable energy, and other environmental challenges. The Green Exchange products are expected to begin trading during the first quarter of 2008 and will be cleared by NYMEX. The Green Exchange venture is expected to launch as a U.S.
SEBI considers circuit filters on stocks traded in F&O segment
MUMBAI: In a move to check wild stock swings, markets regulator Securities and Exchange Board of India (SEBI) is planning to overhaul the derivatives segment.
The proposals under consideration include circuit filters on stocks traded in the futures and options (F&O) segment, possible changes in the market-wide position limits and review of margining system, a person familiar with the development said.
It is believed that the swift and massive fall on January 22 shook SEBI into action. Trading was halted within minutes of opening, as indices hit the downward limits on very low volumes. SEBI has also received several suggestions from market intermediaries on how the loopholes in the current system can be plugged.
Apart from the margining system, the large number of stocks in the F&O segment was also said to have contributed to the indices going into a free fall.
Shipping in favour as industry proves resilient
With all the “stormy weather" metaphors floating around the markets at the moment, you might think the last thing to do with your money is send it to sea, but some investors have done precisely that and have been richly rewarded. Out of favour in the 1990s, shipping is now attracting more interest as demand soars and the financial infrastructure supporting the industry becomes more sophisticated. There is a variety of approaches available to investors, although the choice of different funds within each approach is limited. The options include investing directly in ships as assets, managing the ships and their freight, buying shipping company shares or investing in the increasingly active futures market. .
Recovery to continue Mon; RBI, Fed meet eyed
MUMBAI: The recovery in Indian equities is seen continuing on Monday on positive cues from global markets. In the subsequent sessions, the market will track the outcome of RBI's credit policy review Tuesday, US Federal Reserve's 2-day meet starting Tuesday and expiry of January futures and options series Thursday. .
Using CCI and Stochastics For Long and Short Term Forex Trading
Sam Seiden brings over 15 years experience of equities and futures trading which began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and internationally.
Sam has been involved in the markets since 1991 both on and off the floor of the Chicago Mercantile Exchange. He has served as the Director of Technical Research for two trading firms and regularly contributes articles to industry publications. Sam is known for his trading, technical research, and educational guidance. Software instructions HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions.
Microsoft to Buy Mobile Startup Danger
Among the other announcements made Monday, Microsoft said Windows Mobile users can now download a test version of MSN Direct, an application that shows news, stock quotes and other content at a glance. On the business side, the software maker revealed new customers for its PlayReady technology, which can deliver music, video, games and other content to mobile devices. Telefonica Espana and Omnifone will incorporate PlayReady, Microsoft said, and Telecom Italia is "exploring" it. Microsoft also said it signed a handful of new mobile advertising deals with European publishers, and that Telefonica SA, which sells wireless access throughout Latin America, will offer subscribers access to Windows Live applications such as Hotmail on mobile phones. --- On the Net: http://www.poweredbydanger.com/ © 2008 The Associated Press.
Japan Exports Rise but Trade Gap Biggest in Two Years
But the trade balance notched its biggest deficit in two years as higher crude oil and natural gas prices drove import bills up, data from the Ministry of Finance showed. Financial markets showed a muted reaction to the data as it did little to alter speculation that the Bank of Japan's next move could be to cut rates in the face of a deepening credit crisis. The trade deficit of 79.3 billion yen ($734 million) contrasted with economists' median forecast for a surplus of 35 billion yen. The trade gap was the biggest since a deficit of 394.4 billion yen registered in January 2006 and followed two consecutive months of year-on-year falls in the surplus. "Although Japan's exports were underpinned by shipments to Europe and Asia, the slowdown in U.S.-bound exports will gradually affect overall Japanese shipments abroad," said Tatsushi Shikano, senior economist at Mitsubishi UFJ Securities.
Pork producers have opportunities to lock-in profits
With feed prices high and headed higher, pork producers may continue to see losses at least through the first quarter of 2008. That's according to USDA's Livestock, Dairy and Poultry Outlook, which the Agency released Friday. But a noted hog marketing expert says the futures market is providing opportunities for pork producers to avoid red ink next year.
The USDA report said for the first quarter of 2008, hog prices are expected to average between $38 and $40 dollars a hundredweight, more than 15% below a year ago. USDA estimated production costs in the low-to-mid $50's per hundredweight and also said most hog producers are likely to lose money in 2008. But University of Missouri livestock economist Glenn Grimes told Brownfield taking advantage of strength in lean hog futures at the Chicago Mercantile Exchange (CME) may help pork producers avoid that prediction.
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