August 30, 2013 - Issue #700
In This Issue
1. 2013 Labor Day Holiday Schedule Â
2. Hot Market Review - US Dollar Index: Bulls vs. Bears
3. Economic Calendar
1. 2013 Labor Day Holiday ScheduleÂ
Labor Day Holiday Schedule for CME /Â Globex
and ICE Futures U.S. Exchanges
All times listed as Central Time
CME / Globex
CME & CBOT Equity Products
Friday, Aug. 30
- 4:15 CT – Regular close
Sunday, Sep. 1
- 5:00 CT – Regular open for trade date Tuesday, Sept. 3*
Monday, Sept. 2
- 7:15 CT – Regular close
Tuesday, Sept. 3
- 4:15 CT – Regular close
CME & CBOT Interest Rate & FX Products
Friday, Aug. 30
- 3:15 CT – Early close
Sunday, Sept. 1
- 5:00 CT – Regular open for trade date Tuesday, Sep 3*
Monday, Sept. 2
- 12:00 CT – Trading halt – Order entry, modification and cancellation allowed
- 5:00 CT – Halted products resume trading
Tuesday, Sept. 3
- 4:00 CT – Regular close
NYMEX, COMEX®Products
Friday, Aug. 30
- 4:15 CT / 5:15 ET – Regular close
Sunday, Sept. 1
- 15:00 CT / 6:00 ET – Regular open for trade date Tuesday, Sep 3*
Monday, Sept. 2
- 12:15 CT / 1:15 ET – Trading halt (order entry, modification and cancellation allowed)
- 5:00 CT / 6:00 ET – Halted products resume trading
Tuesday, Sept. 3
- 4:15 CT / 5:15 ET – Regular close
More details at:Â http://www.cmegroup.com/tools-information/holiday-calendar/files/2013-memorial-day.pdf
CBOT, KCBT, Minneapolis Grain Exchange Grain & Agricultural Products
Friday, Aug. 30
- Regular close – Per each product schedule
Note: Grain pre-opening between 2:30 CT – 4:00 CT
Sunday, Sept. 1
- 4:00 CT – Grain markets pre–opening for trade date Tuesday, Sep 3*
Monday, Sept. 2
- 7:00 CT – Grain markets open for trade date Tuesday, Sep 3
Other CME Group Products on CME Globex: Agricultural, Weather, Real Estate
Friday, Aug. 30
- Regular Close – Per each product schedule for:
- Livestock • Dow Jones UBS ER
- Weather • Real Estate
- Lumber • Dairy
Sunday, Sept. 1
- 5:00 CT – Regular open for trade date Tuesday, Sep 3*
- Exceptions:
- Lumber will remain closed until its scheduled opening of 9:00 CT on Tuesday
- Livestock will remain closed until its scheduled opening 9:05 CT on Tuesday
Tuesday, Sept. 3
- Regular Close – Per each product schedule
ICE Futures US
ICE Softs, Cash-Settled Grains
Friday, Aug. 30
- Regular hours
Sunday, Sept. 1
- Closed
Monday, Sept. 2
- Closed
Tuesday, Sept. 3
- Regular open
 ICE USDX Index
 Friday, Aug. 30
- 3:15 CT – Early close
Sunday, Sept. 1
- Closed
Monday, Sept. 2
- 12:00 CT Early close
ICE Russell Index
 Friday, Aug. 30
- 4:15 CT – Early close
Sunday, Sept. 1
- Closed
Monday, Sept. 2
- 10:30 CT Early close
Tuesday, Sept. 3
- Regular openÂ
More details at:Â https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours
The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.
2. Hot Market Review - US Dollar Index: Bulls vs. Bears
From our friend Jim Wyckoff
If you like this Newsletter, Please share!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. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com click on image below to enlarge
The U.S. dollar index is a basket of six major world currencies weighted against the greenback. It's an important "outside market" that can have a daily influence over many markets. For example, on a day that the U.S. dollar index is posting solid gains, that's a bearish underlying factor for most raw commodities. See on the daily bar chart for nearby U.S. dollar index futures that price action this week has negated a downtrend line. The USDX bulls and bears are now back on a level near-term technical playing field.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 09/02 Mon |
Labor Day! Â Â |
|
| 09/03 Tues |
9:00 AM CDT - Construction Spending(Jul)Â 9:00 AM CDT - ISM Index(Aug)Â Â Â Â Â Â |
FN: Sep Orange Juice(ICE)Â |
| 09/04 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 7:30 AM CDT - Trade Balance(Jul) 1:00 PM CDT - Auto & Truck Sales(Aug) 1:00 PM CDT - Fed's Beige Book(Sep) |
FN: Sep Heating Oil(NYM)Â Sep RBOB Gasoline(NYM)Â LT: Aug Butter(CME)Â Aug Milk(CME)Â Aug Butter Options(CME)Â Aug Milk Options(CME)Â Â |
| 09/05 Thurs |
6:30 AM CDT - Challenger Job Cuts(Aug) 7:15 AM CDT - ADP Employments Change(Aug) 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Productivity-REv(Q2) 9:00 AM CDT - Factory Orders(Jul) 9:00 AM CDT - ISM Services(Aug) 9:30 AM CDT - EIA Gas Storage 10:00 AM CDT - API & DOE Energy Stats 3:00 AM CDT - Dairy Products Sales 3:30 PM CDT - Money Supply |
FN: Sep Natural Gas(NYM)Â LT: Aug Feeder Cattle(CME)Â Aug Feeder Cattle Options(CME)Â |
| 09/06 Fri |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Hourly Earnings & Ave Workweek(Aug) 7:30 AM CDT - Nonfarm Payrolls(Aug) 7:30 AM CDT - Unemployment Rate(Aug) |
LT: Sep Canadian Dollar Options(CME)Â Sep Currencies Options(CME)Â Sep Live Cattle Options(CME)Â Sep US Dollar Index Options(ICE)Â Oct Cocoa Options(CIE)Â |
| 09/09 Mon |
2:00 PM CDT - Consumer Credit(Jul)Â Â Â Â Â |
* 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!
