April 20th, 2018 - Issue #918
In This Issue
1. Trading 101: FREE premium eBook on Futures Trading - Instant Download
2. Hot Market Report: Canadian $$ possibly signaling shift in commodities
3. Economic Calendar
1. FREE Futures Forthright Premium eBook
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• A plan with steps that may lead to success
• Steps Towards Mastering your Day Trading
• The top mistakes traders make daily
• How to handle the market noise
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2. Hot Market Report: Canadian Dollar Futures May Be Signaling A Shift in Commodities Sector?
By John Thorpe, Senior BrokerClick on image below to enlarge
As commodity brokers, we are no doubt always trying to ascertain what type of market we are currently in for Commodities; Bear, Sideways or Bull, in order to better assist our client base. One of the indicators we look at are a technical analysis of the often referred to "Commodity Currencies" the Aussie Dollar and the Canadian Dollar (the Loonie), A crossover of the more sensitive , shorter term moving average is about to occur from underneath the slower, longer term SMA, indicating a potential Bull market for the Commodity Sector.
Monthly chart of the Canadian Dollar for your review below
This chart was prepared using our FREE E-Futures International software, which you can demo for 14 days with realtime data.
Canadian Futures Specs
Hours ( Central Time): 5:00 PM previous day to 4:00 PM next day.
Margins: ( as of the date of this newsletter) $1200 initial, $1000 Maint.
Point Value: full point = $1000 ( Example: 82.80 to 83.80 ). Min fluctuation is 0.01 = $10 ( Example: 82.80 to 82.81)
Some of the basic fundamentals to keep in mind when you are considering a trade in the Canadian Dollar as well as other currencies:
1. When you are trading the Canadian dollar 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
Our brokers here at Cannon will be happy to chat about the canadian dollar market, other currencies, 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 |
|---|---|---|
| 04/20 Fri |
2:00 PM CDT - Cattle On Feed
2:00 PM CDT - Milk Production |
FN: May Coffee(ICE)
LT: May Crude Lt(NYM) Apr Nikkei Options(CME) Apr Russell Options(CME) May 2,5,10 Year Notes Options(CBT) May Bonds Options(CBT) May Canola Options(CBT) May Corn Options(CBT) May Wheat Options(CBT) May Oats Options(CBT) May Rough Rice Options(CBT) May Soybeans,Soymeal,Soyoil Options(CBT) May Orange Juice Options(ICE) |
| 04/23 Mon |
9:00 AM CDT - Existing Home Sales(Mar)
2:00 PM CDT - Cold Storage |
|
| 04/24 Tue |
8:00 AM CDT - FHFA Housing Price Index(Feb)
8:00 AM CDT - S&P Case-Shiller Home Price Index(Feb) 9:00 AM CDT - New Home Sales(Mar) 9:00 AM CDT - Consumer Confidence(Apr) 3:30 PM CDT - API Energy Stocks |
FN: May Cotton(NYM)
May Crude Lt(NYM) |
| 04/25 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: May Copper Options(CMX)
May Gold Options(CMX) May Silver Options(CMX) May Natural Gas Options(NYM) May RBOB & ULSD Options(NYM) |
| 04/26 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Durable Orders(Mar) 7:30 AM CDT - Durable Goods-Ex Transportation(Mar) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
LT: Apr Copper(CMX)
Apr Gold(CMX) Apr Silver(CMX) Apr Platinum & Palladium(NYM) Apr Feeder Cattle(CME) May Natural Gas(NYM) Apr Feeder Cattle Options(CME) |
| 04/27 Fri |
7:30 AM CDT - Employment Cost Index(Q1)
7:30 AM CDT - GDP-Adv(Q1) 7:30 AM CDT - Chain Deflator-Adv(Q1) 8:45 AM CDT - Chicago PMI(Apr) 9:00 AM CDT - Michigan Sentiment-Final(Apr) |
FN: May Natural Gas(NYM)
|
| 04/30 Mon |
7:30 AM CDT - PCE Prices & Core(Mar)
7:30 AM CDT - Personal Income & Spending(Mar) 9:00 AM CDT - Pending Home Sales(Mar) |
FN: May Copper(CMX)
May Gold & Silver(CMX) May Platinum & Palladium(NYM) May Canola(CBT) May Wheat(CBT) May Oats(CBT) May Rough Rice(CBT) May Corn(CBT) May Soybeans,Soymeal,Soyoil(CBT) LT: Apr Fed Funds(CME) Apr Live Cattle(CME) May RBOB & ULSD(NYM) May Sugar-11(ICE) Apr Fed Funds Options(CME) May Lumber Options(CME) |
| 05/01 Tue |
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Index(Apr) 1:00 PM CDT - Auto & Truck Sales(Apr) 2:00 PM CDT - Fats & Oils 2:00 PM CDT - Cotton System 2:00 PM CDT - Grain Crushings 3:30 PM CDT - API Energy Stocks |
FN: May Orange Juice(ICE)
May Sugar-11(ICE) LT: Apr Butter(CME) Apr Milk(CME) Apr Butter Options(CME) Apr Milk Options(CME) |
| 05/02 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:15 AM CDT - ADP Employment Change(Apr) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision 2:00 PM CDT - Dairy Products Sales |
FN: May RBOB & ULSD(NYM)
|
| 05/03 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Int Trade In Goods(Mar) 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Productivity-Prel(Q1) 7:30 AM CDT - Trad Balance(Mar) 9:00 AM CDT - ISM Services(Apr) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - 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!
