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Dear Traders,
- Copper rose 72% in 2016-17 on Chinese growth but is down 18% so far in 2018
- Supply continued to grow in 2018, likely from strong mining profitability
- Price trend for 2019 will depend on Chinese demand, U.S. dollar strength
- Brexit outcome, Italian debt concerns also could influence copper next year
Good Trading
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.
Futures Trading Levels
12-07-2018
| Date | 4:15pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriDec 7 | 2:00am | EUR |
German Industrial Production m/m
|
0.3% | 0.2% | ||||
| 2:45am | EUR |
French Industrial Production m/m
|
0.8% | -1.8% | |||||
| EUR |
French Trade Balance
|
-5.9B | -5.7B | ||||||
| 3:30am | GBP |
Halifax HPI m/m
|
0.3% | 0.7% | |||||
| 4:00am | EUR |
Italian Retail Sales m/m
|
-0.2% | -0.8% | |||||
| All Day | All |
OPEC Meetings
|
|||||||
| 4:30am | GBP |
Consumer Inflation Expectations
|
3.0% | ||||||
| 5:00am | EUR |
Final Employment Change q/q
|
0.2% | 0.2% | |||||
| EUR |
Revised GDP q/q
|
0.2% | 0.2% | ||||||
| All Day | All |
OPEC-JMMC Meetings
|
|||||||
| 8:30am | USD |
Average Hourly Earnings m/m
|
0.3% | 0.2% | |||||
| USD |
Non-Farm Employment Change
|
198K | 250K | ||||||
| USD |
Unemployment Rate
|
3.7% | 3.7% | ||||||
| 10:00am | USD |
Prelim UoM Consumer Sentiment
|
97.0 | 97.5 | |||||
| USD |
Final Wholesale Inventories m/m
|
0.7% | 0.7% | ||||||
| USD |
Prelim UoM Inflation Expectations
|
2.8% | |||||||
| 10:30am | USD |
Natural Gas Storage
|
-63B | -59B | |||||
| 12:00pm | USD |
FOMC Member Brainard Speaks
|
|||||||
| 3:00pm | USD |
Consumer Credit m/m
|
15.1B | 10.9B |
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 here in 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 judgement in trading.
Posted in: Future Trading News
