Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this letter are of opinion only and do not guarantee any profits.
There is not an actual account trading these recommendations.
Past performances are not necessarily indicative of future results.
2. Hot Market Report: Euro Currency Futures Continue Lower trend
By Ilan Levy-Mayer
Click on image below to enlarge
Euro Currency futures have been on a lower trend now for the past 4 months but even more pronounced over the last three weeks. US Fed Policy of raising interest rates is very friendly to a strong U.S. Dollar, Geo political events, strong US protectionism policy, Tariffs resulting in the weakness of Russian Ruble and the Turkish Lira are just a few of the fundamental factors affecting this market.
Personally, I would much rather trade the currency futures than FOREX spot. Many beginning traders who start small will venture into the forex markets but it is my opinion that a primary market that is trading on one regulated and centralized exchange is much better than trading "against" your broker/forex dealer in a secondary market.
Weekly chart of Euro Currency futures for your review from this morning ( August 10th 2018). You can see the market got into the "red zone" in the end of May and since then got into the "double red zone" where you see both a red bar and a red triangle on top. At the time I am writing this newsletter, the market is sitting on a FIB support level so the close today ( Friday Aug 10th) is important and if we close below 114.720 it may open the door for further decline
To access a free trial to the ALGOS shown in the chart visit and sign up for a free trial for 21 days with real-time data.
Euro Currency Futures Specs Hours: 5:00 PM to 4:00 PM next day PM Central Time
Margins: $2530 initial, $2300 Maint. ( as of the date of this newsletter)
Point Value: full point = $1250.00 ( Example: 114.650 to 115.650 ). Min fluctuation is 1/2 = $6.25 ( Example: 114.650 to 114.655)
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
Euro Currency futures are a good market for Day Trading in my opinion because of the intraday range and movements. 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
Our brokers here at Cannon will be happy to chat about the Euro Currency market, other currencies, other futures, options, futures spreads and much more!
Feel free to contact us at any time.
Disclaimer: This calendar is compiled from
sources believed to be reliable. Moore Research Center, Inc.
assumes no responsibility for any errors or omissions. It is meant
as an alert to events that may affect trading strategies and is not
necessarily complete. The release dates for certain economic
reports may have been rescheduled.
* 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!
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.