January 31st, 2020 - Issue #998
In This Issue
1. CME Group raises data fees as well as transaction fees for stock index futures
2. Hot Market Report: "Investors fearful of geopolitical risk have made the Swiss franc their hideout spot."
3. Economic Calendar
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1. CME Group raises data fees as well as transaction fees for stock index futures
Heads up, starting Feb 1st 2020:
CME has raised the fees for the monthly data as follows: each exchange is now $10 per month and the bundle is $30 per month for NON PRO full market depth( CME, CBOT, NYMEX, COMEX). Keep in mind certain FCM's also charge a handling fee of $1 to $2 per exchange.
CME has KEPT the fees for the monthly data TOP of the BOOK at $1 per exchange or $3 for the bundle BUT will raise these prices in April 2020.
CME has also raised the transaction/exchange fees as follows:
Per side exchange fees for the ES, YM, NQ, RTY, EMD and few others are going from $1.18 per side to $1.23 per side
Per side exchange fees for the MICROS MES, MNQ, MYM, MR2K REMAINS the SAME
Our brokers here at Cannon will be happy to assist, answer questions, look at possible alternatives ( perhaps markets like bonds with lower per side fees? perhaps using top of book data?) and much more!
Feel free to contact us at any time.
Why do most futures traders lose money and how can you improve your odds?
Watch the 45-minute recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
*Reasons why most traders lose
*Looking at tools you can utilize and improve your odds
*Review different methods/concepts of trading
*Ilan shares many tidbits that can help variety of traders
*Ilan answers questions
Watch the recorded 45-minute webinar which in our opinion contains some of the most valuable advise both new and advanced traders can utilize
Watch Recorded Webinar
Cannon Trading respects your privacy and will never give this information to a 3rd party.
2. Hot Market Report: "Investors fearful of geopolitical risk have made the Swiss franc their hideout spot."
Source: Dave Register of ExitPoints.com
Click on image below to enlarge
This week’s highlighted Market is Swiss Franc. Swiss Franc is part of the currency sector along with "it's" brothers Japanese yen, Euro, British Pound, Mexican Peso, Aussie $, New Zealand $ and others. All traded on the CME exchange.
Investors fearful of geopolitical risk have made the Swiss franc their hideout spot.
But what do the technical indicators say? I use the 5-day and 21-day commodity channel index as part of my analysis. The March Swiss Franc is oversold and most likely made a short term swing low on Wednesday 1/29/2020. Look for a rally over the next week.
Daily chart from this morning, (January 31st 2020).
This chart was prepared using our FREE E-Futures Int'l software, which you can demo for 28 days with real time data.To access a free trial to the ALGOS shown in the chart ( "early trend identifier" included) along with other tools, visit and sign up for a free trial for 21 days with real time data.
Swiss Franc Futures Specs
Hours: 5:00 PM to 4:00 PM next day PM Central Time
Margins: $3410 initial, $3100 Maint. ( as of the date of this newsletter)
Point Value: full point = $1250.00 ( Example: 104.650 to 105.650 ). Min fluctuation is 0.01 = $12.50 ( Example: 104.650 to 104.66) Settlement: Deliverable, FND is last business day preceding the contract month
Months: March (H), May (K), July (N), September (U,) December(Z)
Weekly Options:YES
Swiss franc futures allow traders to assess value against the U.S. dollar. It is being the sixth most-traded currency in the world and it is well known for its low volatility. Be careful, these factors can work against you or in your favor.
Some of the basic fundamentals to keep in mind when you are considering a trade in the Euro Currency as well as other currencies:
1. When you are trading the Euro Currency or any other currency pair, you must be aware of Central Bank Risk, policy changes, Interest rate adjustments, Inflation expectations, prices of other commodities that may impact the health of a sovereign currency.
2. Dates and times of important reports for that specific country
3. Relationship with other currencies
4. Global Political situation
5. Growth reports, such as the GDP, manufacturing PMI, services PMI, and retail sales
6. Reports about the balance of payments, such as current account and trade balance reports
Our brokers here at Cannon will be happy to chat about the Swiss franc market, other energies, other futures, options, futures spreads and much more! Feel free to contact us at any time.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 01/31 Fri |
7:30 AM CST - Employment Cost Index(Q4)
7:30 AM CST - PCE Prices & Core(Dec) 7:30 AM CST - Personal Income & Spending(Dec) 8:45 AM CST - Chicago PMI(Jan) 9:00 AM CST - Univ of Mich Consumer Sent-Final(Jan) 2:00 PM CST - Cattle 2:00 PM CST - Sheep & Goats |
FN: Feb Copper(CMX)
Feb Gold & Silver(CMX) Feb Platinum & Palladium(NYM) LT: Jan Bitcoin(CME) Jan Black Sea Wheat(CME) Jan Fed Funds(CME) Feb RBOB & ULSD(NYM) Jan Black Sea Wheat Options(CME) Jan Fed Funds Options(CME) Feb Lumber Options(CME) |
| 02/03 Mon |
9:00 AM CST - Construction Spending(Dec)
9:00 AM CST - ISM Manufacturing Index(Jan) 1:00 PM CST - Auto & Truck Sales(Jan) 2:00 PM CST - Cotton System 2:00 PM CST - Fats & Oils 2:00 PM CST - Grain Crushings |
|
| 02/04 Tue |
9:00 AM CST - Factory Orders(Dec)
3:30 PM CST - API Energy Stocks |
FN: Feb RBOB & ULSD(NYM)
LT: Jan Butter(CME) Jan Milk(CME) Jan Butter Options(CME) Jan Milk Options(CME) |
| 02/05 Wed |
6:00 AM CST - MBA Mortgage Index
7:15 AM CST - ADP Employment Change(Jan) 7:30 AM CST - Trade Balance(Dec) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
|
| 02/06 Thu |
7:30 AM CST - USDA Weekly Exports Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Productivity-Prel(Q4) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
|
| 02/07 Fri |
7:30 AM CST - Nonfarm Payrolls(Jan)
7:30 AM CST - Ave Workweek & Hourly Earnings(Jan) 7:30 AM CST - Unemployment Rate(Jan) 9:00 AM CST - Wholesale Inventories(Dec) 9:00 AM CST - ISM Non-Manufacturing Index(Jan) 2:00 PM CST - Consumer Credit(Dec) 2:00 PM CST - Catfish Production |
LT: Feb Canadian Dollar Options(CME)
Feb Currencies Options(CME) Feb Mx Peso Options(CME) Feb US Dollar Index Options(ICE) Feb Live Cattle Options(CME) Mar Cocoa Options(ICE) Mar Cotton Options(NYM) |
| 02/10 Mon |
|
FN: Feb Live Cattle(CME)
LT: Mar Sugar-16(ICE) |
| 02/11 Tue |
11:00 AM CST - WASDE Report & Crop Production
3:30 PM CST - API Energy Stocks |
|
| 02/12 Wed |
6:00 AM CST - MBA Mortgage Index
9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
LT: Mar Coffee Options(ICE)
|
| 02/13 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Core CPI & CPI(Jan) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
|
| 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!
