June 5th 2015 Newsletter

Gold Futures Outlook and Trading Education - How Do Traders Confront Risk?

June 5th, 2015 - Issue #789


In This Issue

1. Gold Futures Outlook
2. Planning ahead when Trading Futures
3. Economic Calendar


1. Gold Trapped in Sideways Trading

by Ilan Levy-Mayer, Cannon Trading VP featured on Equities.com
May 1st, 2015

Recently, I have been asked the same question by many clients: "What do you think about gold?"

The reason for the question is the uncertainty with Greece along with the volatile currency markets which usually pushes gold higher, but that has not been the case so far. So to answer the question, I did what I usually do...I opened my charts and looked for clues. First, I opened the weekly chart. It's a Heiken-Ashi type (in my opinion, the Heiken-Ashi type of chart helps "smooth out noise" when it comes to longer term charts).

To read more, follow this link!
Gold Trapped in Sideways Trading

2. Planning ahead when Trading Futures

Trading futures requires research of particular markets (planning ahead and analyzing market behavior), a well thought out strategy when it comes to trading a particular futures market, and finding the right futures trading platform that allows you to execute your trading strategy. There is no Holy Grail or one right answer when it comes to trading futures. Many new traders think that trading in and out of the market for a one or two tick profit target will make them a large sum of money. And that is definitely not the case. Futures markets can hold somewhat unpredictable terms when trading.

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3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
FN: Jun Live Cattle(CME)
LT: Jul Sugar-16(ICE)
9:00 AM CDT - JOLTS-Job Openings(Apr)
9:00 AM CDT - Wholesale Inventories(Apr)
FN: Jul Sugar-16(ICE)
6:00 AM CDT - MBA Mortgage Purchase Index
9:30 AM CDT - API & DOE Energy Stats
11:00 AM CDT - WADE Report & Crop Production
1:00 PM CDT - Treasury Budget(May)
2:00 PM CDT - Dairy Products Sales
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(May)
7:30 AM CDT - Retail Sales(May)
7:30 AM CDT - Retail Sales(ex-auto)(May)
9:00 AM CDT - Business Inventories(Apr)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
T: Jun Nikkei(CME)
Jun Nikkei Options(CME)
7:30 AM CDT - Core PPI & PPI(May)
9:00 AM CDT - Mich Sentiment(Jun)
LT: Jun Lean Hogs(CME)
Jun Lean Hogs Options(CME)
Jul Cotton Options(ICE)
Jul Coffee Options(ICE)
7:30 AM CDT - Empire Manufacturing(Jun)
8:15 AM CDT - Capacity Util & Industrial Prod(May)
9:00 AM CDT - NAHB Housing Market Index(Jun)
11:00 AM CDT - NOPA Crush
3:00 PM CDT - Net Long-Term TIC Flows(Apr)
LT: Jun Currencies(CME)
Jun Eurodollar(CME)
Jun US Dollar Index(ICE)
Jun Eurodollar Options(CME)
Jul Sugar-11 Options(ICE)

* 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!

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