April 20th, 2018 Newsletter

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

Cannon Trading is pleased to present "Futures Forthright eBook", available for instant download written by Cannon Trading staff

Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:

• 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

• and much more.....

The futures industry is complex and risky, which is why you need someone to be forthright with you…. Download eBook instantly.

2. Hot Market Report: Canadian Dollar Futures May Be Signaling A Shift in Commodities Sector?

Click 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.

* 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!