December 1st, 2017 - Issue #901
In This Issue
1. Metals Daily Research Free Trial
2. How to Trade Bitcoin Futures: BRTI - Bitcoin RealTime Index
3. Economic Calendar
1. Metals Daily Research 2 weeks Free Trial
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2. Hot Market Report: Bitcoin RealTime Index ( Bitcoin futures are set to start Dec. 18th)
By Ilan Levy-Mayer, VPClick on image below to enlarge
How to open a Bitcoin futures trading account:
We got calls and inquiries about trading Bitcoin futures.
If you already have an account with us, you simply need to make sure it is active and funded and as soon as the CFTC approves the new product ( looks like Dec. 18th is the start date!) and CME/ CBOE launches trading, we will update the trading platforms and you will be able to trade Bitcoin futures.
Keep in mind that we are still waiting for information regarding margins/day trading margins etc.
You should be able to trade, day trade and trade options on bitcoin futures as long as you have the proper margin in the account.
We are “guestemating ” that overnight margins will be around $20,000 and that daytrading margins will be somewhere between $2500 to $10,000. This is a rough estimate and we will know more once CFTC approval goes through.
If you don’t have an account set up with us, all you need to do is fill out the online application get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you.
If you have ANY questions, feel free to call, chat or contact us!
The chart here is of the BRTI - Bitcoin realtime index, which will be the underlying index for the futures contract. This is a 60 minutes chart to illustrate the tremendous volatility we have witnessed in this market.Read the latest NFA advisory sent regarding Bitcoin futures
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 12/01 Fri |
9:00 AM CST - Construction Spending(Oct)
9:00 AM CST - ISM Index(Nov) 1:00 PM CST - Auto & Truck Sales(Nov) 2:00 PM CST - Cotton System 2:00 PM CST - Fats & Oils 2:00 PM CST - Grain Crushings |
LT: Dec Live Cattle Options(CME)
Jan Cocoa Options(ICE) |
| 12/04 Mon |
9:00 AM CST - Factory Orders(Oct)
|
FN: Dec Live Cattle(CME)
Dec RBOB & ULSD(NYM) |
| 12/05 Tue |
7:30 AM CST - Trade Balance(Oct)
9:00 AM CST - ISM Services(Nov) 3:30 PM CST - API Energy Stocks |
|
| 12/06 Wed |
6:00 AM CST - MBA Mortgage Applications Index
7:15 AM CST - ADP Employment Change(Nov) 7:30 AM CST - Productivity-Rev(Q3) 7:30 AM CST - Unit Labor Costs-Rev(Q3) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
LT: Dec Cotton(NYM)
|
| 12/07 Thu |
6:30 AM CST - Challenger Job Cuts(Nov)
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Natural Gas Report 2:00 PM CST - Consumer Credit(Oct) 3:30 PM CST - Money Supply |
LT: Dec Nikkei(CME)
Dec Nikkei Options(CME) |
| 12/08 Fri |
7:30 AM CST - Ave Workweek & Hourly Earnings(Nov)
7:30 AM CST - Nonfarm Payrolls(Nov) 7:30 AM CST - Unemployment Rate(Nov) 9:00 AM CST - Mich Sentiment-Prelim(Dec) 9:00 AM CST - Wholesale Inventories(Oct) |
LT: Jan Sugar-16(ICE)
Dec Canadian Dollar Options(CME) Dec Currencies Options(CME) Dec Mx Peso Options(CME) Dec US Dollar Options(ICE) Jan Coffee Options(ICE) |
| 12/11 Mon |
|
FN: Jan Sugar-16(ICE)
|
| 12/12 Tue |
7:30 AM CST - Core PPI & PPI(Nov)
11:00 AM CST - WASDE Report & Crop Production 3:30 PM CST - API Energy Stocks |
|
| 12/13 Wed |
6:00 AM CST - MBA Mortgage Applications Index
7:30 AM CST - Core CPI & CPI(Nov) 9:30 AM CST - EIA Petroleum Status Report 1:00 PM CST - FOMC Rate Decision(Dec) 2:00 PM CST - Dairy Products Sales |
LT: Dec Cocoa(ICE)
|
| 12/14 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Import(ex-oil) & Export(ex-ag) Sales(Nov) 7:30 AM CST - Retail Sales(Nov) 7:30 AM CST - Retail Sales Ex-Auto(Nov) 9:00 AM CST - Business Inventories(Oct) 9:30 AM CST - EIA Natural Gas Report |
LT: Dec Wheat(CBT)
Dec Corn(CBT) Dec Oats(CBT) Dec Soymeal,Soyoil(CBT) Dec S&P 500(CME) Dec Lean Hogs(CME) Dec Lean Hogs Options(CME) Dec S&P 500 Options(CME) Jan Crude Lt Options(CME) |
| 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!
