October 7th, 2016 - Issue #848
In This Issue
1. Cannon Trading News and Updates
2. Hot Market Report: Dollar Index Bulls Gaining Strength
3. Economic Calendar
1. Cannon Trading News and Updates
* View our top performing trading systems for the month of September.
* Cannon Trading has partnered with MarketDelta Cloud to offer a web based trading solution that is free ( no monthly fees, monthly exchange data fees apply) , easy to use, and accessed on PC's or MAC's.
* Check out our Video center with the latest videos!
* The CME is now offering Options Heat Map an interesting tool to explore!
* Learn about Seasonal Futures Trading.
2. Hot Market Report - Dollar Index Bulls Gaining Strength
From our friend Jim Wyckoff
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook at www.jimwyckoff.com click on image below to enlarge
The U.S. dollar index is a basket of six major world currencies stacked up against the U.S. dollar and rolled into an index. See on the daily bar chart for the USDX that prices are in a choppy uptrend and this week hit a six-week high. The greenback bulls have gained technical power this week, to suggest prices can continue to trend sideways to higher in the near term. Some added uncertainty in the world market place during this hitorically markets-turbulent month of October is also prompting some safe-haven demand for the U.S. dollar. Stay tuned!
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 10/07 Fri |
7:30 AM CDT - Ave Workweek & Hourly Earnings(Sep)
7:30 AM CDT - Nonfarm Payrolls(Sep) 7:30 AM CDT - Unemployment Rate(Sep) 9:00 AM CDT - Wholesale Inventories(Aug) 2:00 PM CDT - Consumer Credit(Aug) |
LT: Oct Cotton(NYM)
Oct Canadian Dollar Options(CME) Oct Currencies Options(CME) Oct Live Cattle Options(CME) Oct Mx Peso Options(CME) Oct US Dollar Options(ICE) Nov Cocoa Options(ICE) |
| 10/10 Mon |
COLUMBUS DAY
|
FN: Oct Live Cattle(CME)
LT: Nov Sugar-16(ICE) |
| 10/11 Tue |
|
FN: Nov Sugar-16(ICE)
|
| 10/12 Wed |
6:00 AM CDT - MBA Mortgage Index
11:00 AM CDT - WASDE Report & Crop Production 1:00 PM CDT - FOMC Minutes 3:30 PM CDT - API Energy Stocks |
|
| 10/13 Thu |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(Sep) 9:30 AM CDT - EIA Natural Gas Report 10:00 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - Treasury Budget 3:30 PM CDT - Money Supply |
|
| 10/14 Fri |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Core PPI & PPI(Sep) 7:30 AM CDT - Retail Sales(Sep) 7:30 AM CDT - Retail Sales-Ex-Auto(Sep) 9:00 AM CDT - Business Inventories(Aug) 9:00 AM CDT - Mich Sentiment(Oct) |
LT: Oct Lean Hogs(CME)
Oct Soymeal(CBT) Oct Soyoil(CBT) Oct Lean Hogs Options(CME) Nov Coffee Options(ICE) |
| 10/17 Mon |
7:30 AM CDT - Empire Manufacturing(Oct)
8:15 AM CDT - Capacity Util & Industrial Prod(Sep) 11:00 AM CDT - NOPA Crush |
LT: Oct Eurodollar(CME)
Oct Mx Peso(CME) Oct Eurodollar Options(CME) Nov Crude Lt Options(NYM) Nov Sugar-11 Options(ICE) |
| 10/18 Tue |
7:30 AM CDT - Core CPI & CPI(Sep)
9:00 AM CDT - NAHB Housing Market Index 3:00 PM CDT - Net Long-Term TIC Flows(Aug) 3:30 PM CDT - API Energy Stocks |
|
| 10/19 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Building Permits & Housing Starts(Sep) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - Fed's Beige Book(Oct) 2:00 PM CDT - Dairy Products Sales |
LT: Nov Platinum Options(NYM)
Nov Palladium Options(NYM) |
| 10/20 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Philadelphia Fed(Oct) 9:00 AM CDT - Existing Home Sales(Sep) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Milk Production 3:30 PM CDT - Money Supply |
LT: Nov 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!
