More from Infinity
Start Trading Today!
1-888-456-8090
itc@infinitytrading.com
1-888-456-8090
itc@infinitytrading.com
© 2012 Infinity Trading Corp
August 14th, 2012
One of the greatest advantages of a web-based platform is it’s availability.This online platform is fully integrated with our downloadable platform, meaning that users can seamlessly switch from one to the other. The online platform provides much of the same capability as our desktop software, plus some additional features only available online such as free daily research from futures and options experts; contract specifications detailing tic value and worth; and margin requirements and calculation. The web-based platform also offers charting, live quotes, account history, and most of the other tools available on the desktop platform.
Continue reading »
Gold futures gain
Mar 14, 2012
Gold Futures – Gold is poised for a 21 percent gain in 2012, extending its bull market to 12 consecutive years, as investors hoard record amounts and central banks expand reserves for the first time in a generation.
Gold bullion may rise to $1,897 an ounce in New York by Dec. 31 from $1,566.80 at the end of 2011, based on the average of 14 respondents in a survey at the Bloomberg Link Precious Metals Conference yesterday in New York. The rally that began in 2001 is the longest since at least 1920 in London, including a 10 percent gain last year.
Demand has strengthened as Europe seeks to contain its debt crisis, China’s economic expansion slows, and governments from the U.S. to the U.K. keep interest rates at all-time lows to shore up growth. Central banks have been net buyers for three straight years, the longest stretch since 1973, World Gold Council data show. Holdings (.GLDTONS) in exchange-traded funds backed by the metal reached a record 2,410.2 metric tons yesterday, data compiled by Bloomberg show.
Continue reading »
heating oil futures rise
March 13th, 2012
Heating oil futures and gasoline rose as U.S. retail sales climbed the most in five months in February, increasing optimism about the economic recovery and fuel demand.
Heating oil futures rose as retail sales gained 1.1 percent, Commerce Department figures showed today in Washington. Federal Reserve officials are expected later today to reaffirm a commitment to keep interest rates low. In Europe, German investor confidence jumped to a 21-month high in March.
“Some of the negative sentiments that have weighted on the market have eased,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. “German investor confidence is up, retail sales have firmed the market and the Fed is expected to keep interest rates the same.”
Continue reading »
crude oil futures rise
March 13th, 2012
Crude oil rose after U.S. retail sales increased by the most in five months and equities gained, signaling stronger growth and higher demand.
Crude oil futures advanced as much as 0.9 percent as retail sales rose 1.1 percent in February, the Commerce Department said. Prices reversed an earlier loss as the dollar reduced gains against the euro and the Standard & Poor’s 500 index reached the highest level since 2008.
“Retail sales definitely are having a bullish impact on the market,” said Phil Streible, a Chicago-based commodities broker at RJO Futures. “We had a little selloff earlier on a stronger dollar, but the dollar has come off its highs now. Equities also helped the market.”
Crude oil futures for April delivery rose 74 cents, or 0.7 percent, to $107.08 a barrel at 12:38 p.m. on the New York Mercantile Exchange. It fell as much as 0.6 percent earlier. The price is up 8.3 percent this year.
Continue reading »
Dow Jones Futures Advance
March 13th, 2012
Dow Jones Futures – U.S. stocks advanced, sending the Dow Jones Industrial Average toward the highest level since 2007, as retail sales rose by the most in five months and as investors awaited a Federal Reserve decision on interest rates.
Financial, technology and commodity shares in the S&P 500 had the biggest gains among 10 industries. Alcoa Inc. (AA), JPMorgan Chase & Co. (JPM) and Intel Corp. rallied at least 1.5 percent. Apple Inc. jumped 1.8 percent, gaining for a fifth day, after Jefferies Group Inc. raised its share-price estimate to $699. (AAPL) Lowe’s Cos. and Limited Brands Inc. added more than 0.8 percent to pace gains among retailers. The Morgan Stanley (MS) Cyclical index of companies most-tied to the economy rose 1.7 percent.
The Standard & Poor’s 500 Index increased 0.9 percent to 1,382.90 at 12:18 p.m. New York time. The Dow advanced 109.55 points, or 0.9 percent, to 13,069.26, the highest on a closing basis since December 2007. The Nasdaq Composite Index gained 1 percent to 3,012.92, the highest level since 2000. About 2.7 billion shares changed hands on U.S. exchanges.
Continue reading »
milk futures slump
March 12th, 2012
Commodity Brokers: Record dairy profits and milder weather are leading to a surge in milk supplies from Auckland to California, turning last year’s best-performing commodity contract into one of the worst of 2012.
Output in the U.S., the world’s largest producer, will advance 1.8 percent to a record 199.7 billion pounds (90.6 million metric tons) in 2012, the Department of Agriculture estimates. Futures traded on the Chicago Mercantile Exchange already fell 29 percent from a four-year high in August and may drop another 7.8 percent to $14.25 per 100 pounds by July, the median of six analyst estimates compiled by Bloomberg shows.
An estimated 30 percent jump in U.S. dairy exports led to the most profitable year ever for farmers, who expanded herds that now are the biggest since May 2009, USDA data show. Yields reached a record during an unusually mild winter. Supply is also rising in Australia and New Zealand, the largest exporter, and dairy was the only food cost tracked by the United Nations to decline last month.
Continue reading »
Grain futures fall
March 9th, 2012
Grain Futures – Global inventories of wheat and soybeans are falling more than forecast, while U.S. corn reserves head to a 16-year low, as farmers fail to keep pace with rising demand for food, livestock feed and biofuel.
The U.S. Department of Agriculture today cut its forecast of world wheat stockpiles on May 31 by 1.7 percent to 209.6 million metric tons, less than all 21 estimates collected in a Bloomberg survey. Soybean reserves on Aug. 31 will drop to a three-year low of 57.3 million tons, while the amount of corn held in the U.S., the world’s top grower and exporter, will slip to the lowest since at least since 1996, the agency said.
U.S. farm exports rose to a record $136.3 billion in 2011 on surging demand for grain and meat in Asia. The government today boosted its forecast of U.S. wheat exports by 2.6 percent from February, which will send domestic stockpiles to a three- year low. Global food prices tracked by the United Nations rose for a second consecutive month in February on higher costs for cereals, cooking oils and sugar.
Continue reading »
wheat futures supply
March 9th, 2012
Wheat Futures – Global wheat inventories will be 1.7 percent less than forecast a month ago and smaller than expected on increasing use of the grain in livestock feed, the U.S. Department of Agriculture said.
World stockpiles will total a record 209.58 million metric tons as of May 31, down from 213.10 million estimated last month, the USDA said today in a report. In a Bloomberg survey, 21 analysts expected supplies of 212.83 million tons, on average.
Global use of wheat in livestock feed will total 131.06 million tons, up from 130.66 million estimated last month, the USDA said. Corn futures for May delivery are trading near parity with wheat on the Chicago Board of Trade, compared with an average discount of about 91 cents in the past year. Global wheat exports may reach 142.93 million tons, up from 140.25 million forecast last month.
Continue reading »
Dollar futures gain
March 12th, 2012
Dollar Index Futures – The dollar gained against most of its major counterparts as stronger U.S. economic data reduced bets the Federal Reserve would add to monetary stimulus, bolstering demand for the currency.
Higher-yielding currencies including Norway’s krone and the euro erased earlier losses against the dollar as stocks gained, amid increased demand for risk. The Australian and New Zealand dollars declined as China’s central bank weakened its daily fixing for the yuan after the nation had its biggest trade deficit in at least 22 years. The Dollar Index reached a six- week high after data last week showed U.S. employers boosted payrolls in February more than economists forecast.
“In the wake of those strong payrolls Friday, the market is left in a holding pattern ahead of retail sales and the U.S. Federal Open Market Committee meeting,” said Richard Franulovich, a senior currency strategist at Westpac Banking Corp. (WBC) in New York. “The dollar’s been driven higher by better news here.”
Continue reading »
March 12th, 2012
Commodity Investing – Commodities snapped a three-day advance while most U.S. stocks fell and the yuan weakened after Chinese exports grew at a slower pace than forecast, fueling concern about the global economic recovery. Treasuries rose.
The S&P GSCI Index of raw materials lost 0.6 percent at 11:49 a.m. in New York as oil dropped 1 percent and copper fell 0.3 percent. The Standard & Poor’s 500 Index lost 0.2 percent to 1,368.21 as almost two stocks fell for each that rose on U.S. exchanges. The Stoxx Europe 600 Index (SXXP) slipped 0.4 percent. Ten- year Treasury note yields decreased two basis points to 2.01 percent. The yen strengthened against all 16 of its most-traded peers and the dollar appreciated versus 10 of 16.
China weakened its daily fixing for the yuan by the most since August 2010 after reporting the biggest trade deficit in at least 22 years on March 10, sapping optimism that was spurred last week by stronger-than-forecast jobs data in the U.S. European finance ministers are meeting in Brussels today to complete the 130 billion-euro ($170 billion) aid package for Greece and discuss Spain’s budget-cutting efforts.
Continue reading »