Enhance your trading with a series of short videos on topics such as range bars, support & resistance, parabolics, price confirmation and much more. We also take a look at a weekly chart of the soybeans futures market.
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2. Hot Market: Huge Swings in FOREX Market Thursday Hint of Major Sentiment Shift
The huge moves in the currency markets Thursday hint of a possible major shift in trader and investor psychology and may be another signal that the raw commoditysector has seen its bust cycle finally play out and that “hard” assets like gold will in the coming weeks and months continue to gain favor over paper assets like stocks and bonds.
The U.S. dollar index Thursday scored a big and bearish "outside day" down on the daily bar chart, to give the bears the near-term technical advantage.
LT: Mar Canola(CBT)
Mar Rough Rice(CBT)
Mar US Dollar Index(ICE)
Mar Eurodollar Options(CME)
7:30 AM CDT - Core PPI & PPI(Feb)
7:30 AM CDT - Empire Manufacturing(Mar)
7:30 AM CDT - Retail Sales(Feb)
7:30 AM CDT - Retail Sales Ex-Auto(Feb)
9:00 AM CDT - Business Inventories(Jan)
9:00 AM CDT - NAHB Housing Market Index(Mar)
11:00 AM CDT - NOPA Crush
3:00 PM CDT - Net Long-Term TIC Flows(Jan)
FN: Mar US Dollar Index(ICE)
LT: Mar Canadian Dollar(CME)
Apr Sugar-11 Options(ICE)
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Building Permits & Housing Starts(Feb)
7:30 AM CDT - Core CPI & CPI(Feb)
8:15 AM CDT - Capacity Util & Industrial Prod(Feb)
9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - FOMC Rate Decision
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 - Current Account Balance(Q4)
7:30 AM CDT - Philadelphia Fed(Mar)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
LT: Mar S&P 500(CME)
Mar S&P 500 Options(CME)
9:00 AM CDT - Mich Sentiment(Mar)
2:00 PM CDT - Cattle on Feed
2:00 PM CDT - Milk Production
LT: Mar E-Mini Dow(CME)
Mar E-Mini S&P 500(CME)
Mar E-Mini NASDAQ(CME)
Mar E-Mini Dow Options(CME)
Mar E-Mini S&P 500 Options(CME)
Mar E-Mini NASDAQ Options(CME)
Mar Russell Options(CME)
Apr Orange Juice 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!
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.