Bitcoin futures to launch trading Sunday Gold futures status eroding for now. Bitcoin futures will launch on the CBOE this Sunday and meanwhile gold seeing prices dropping,
In This Issue
1. Bitcoin Futures Are Here
2. Hot Market Report: Gold Futures Sitting on Major Support
3. Economic Calendar
The Initial margin is the amount the exchange will be asking for to initiate the control of 1 contract representing either 1 bitcoin or 5 bitcoin; depending on the contract you chose to trade.
If you don't have an account with Cannon Trading Co, Inc. then below is a link to set up the account:
In Order to Trade these contracts, please complete the following online application and fund the account with the minimums listed above Here’s the link to the on-line account application (takes about 15-20 mins.)
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Gold futures have not been so hot to say the least...It seems that gold is now facing another competitor, at least in the short term called bitcoin...As of late I have noticed an inverse relationship between the price of bitcoin (going up) and the price of gold (going down). It does not help that stock prices are still going strong into the end of the year which is seasonally good time for stocks.... That being said, we have seen markets top out or bottom out very quickly at times. While I don't predict this for gold right away, I do see a major area of support between 1229 and 1250 and on the same time I see both US stocks and bitcoin prices a bit exaggerated.... For now, I feel that gold is mostly influenced by other markets, mostly: US Stocks, bitcoin prices and US $ price. Stay tuned!
Source: Moore Research Center, Inc.
Date | Reports | Expiration & Notice Dates |
---|---|---|
12/08 Fri |
7:30 AM CST - Ave Workweek & Hourly Earnings(Nov)
7:30 AM CST - Nonfarm Payrolls(Nov) 7:30 AM CST - Unemployment Rate(Nov) 9:00 AM CST - Mich Sentiment-Prelim(Dec) 9:00 AM CST - Wholesale Inventories(Oct) |
LT: Jan Sugar-16(ICE)
Dec Canadian Dollar Options(CME) Dec Currencies Options(CME) Dec Mx Peso Options(CME) Dec US Dollar Options(ICE) Jan Coffee Options(ICE) |
12/11 Mon |
9:00 AM CST - JOLTS-Job Openings(Oct)
|
FN: Jan Sugar-16(ICE)
|
12/12 Tue |
6:00 AM CST - NFIB Small Business Optimism(Nov)
7:30 AM CST - Core PPI & PPI(Nov) 11:00 AM CST - WASDE Report & Crop Production 3:30 PM CST - API Energy Stocks |
|
12/13 Wed |
6:00 AM CST - MBA Mortgage Applications Index
7:30 AM CST - Core CPI & CPI(Nov) 9:30 AM CST - EIA Petroleum Status Report 1:00 PM CST - FOMC Rate Decision(Dec) 2:00 PM CST - Dairy Products Sales |
LT: Dec Cocoa(ICE)
|
12/14 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Import(ex-oil) & Export(ex-ag) Sales(Nov) 7:30 AM CST - Retail Sales(Nov) 7:30 AM CST - Retail Sales Ex-Auto(Nov) 9:00 AM CST - Business Inventories(Oct) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
LT: Dec Wheat(CBT)
Dec Corn(CBT) Dec Oats(CBT) Dec Soymeal,Soyoil(CBT) Dec S&P 500(CME) Dec Lean Hogs(CME) Dec Lean Hogs Options(CME) Dec S&P 500 Options(CME) Jan Crude Lt Options(CME) |
12/15 Fri |
7:30 AM CST - Empire Manufacturing(Dec)
8:15 AM CST - Capacity Util & Industrial Prod(Nov) 11:00 AM CST - NOPA Crush 3:00 PM CST - Net Long-Term TIC Flows(Dec) |
LT: Dec E-Mini Dow(CME)
Dec E-Mini S&P 500(CME) Dec E-Mini NASDAQ(CME) Dec Russell(CME) Dec E-Mini Dow Options(CME) Dec E-Mini S&P 500 Options(CME) Dec E-Mini NASDAQ Options(CME) Dec Russell Options(CME) Jan Canola Options(CBT) Jan Cotton Options(NYM) Jan Orange Juice Options(ICE) Jan Sugar-11 Options(ICE) |
12/18 Mon |
|
LT: Dec Currencies(CME)
Dec Eurodollar(CME) Dec Coffee(ICE) Dec Mx Peso(CME) Dec US Dollar Index(ICE) Dec Eurodollar Options(CME) |
12/19 Tue |
7:30 AM CST - Building Permits & Housing Starts(Nov)
7:30 AM CST - Current Account Balance(Q3) 2:00 PM CST - Milk Production 3:30 PM CST - API Energy Stocks |
FN: Dec US Dollar Index(ICE)
LT: Dec 10 Year Notes(CBT) Dec Bonds(CBT) Dec Canadian Dollar(CME) Jan Crude Lt(NYM) |
12/20 Wed |
6:00 AM CST - MBA Mortgage Applications Index
9:00 AM CST - Existing Home Sales(Nov) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
LT: Jan Platinum(NYM)
Jan Palladium(NYM) |
12/21 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - GDP-Third Estimate(Q3) 7:30 AM CST - GDP-Third Deflator-Third Estimate(Q3) 7:30 AM CST - Philadelphia Fed(Dec) 8:00 AM CST - FHFA Housing Price Index(Oct) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
FN: Jan Crude Lt(NYM)
|
FN=First Notice, OE=Option Expiration, LT=Last Trade |
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** 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 herein 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 judgment in trading!