“An Odd Rhythm Today After the Long Weekend”
Market had some what of an odd rhythm today after the long weekend. We saw big moves in both currencies and bonds. I think that we should see clearer picture tomorrow as more traders will be back after Labor day + we have a few economic reports while today we did not have any reports.
Some levels to watch for tomorrows action from the hourly chart below.
GOOD TRADING!
Futures Trading Levels
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Wednesday, September 8th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
- MBA Purchase Applications
7:00 AM ET - ICSC-Goldman Store Sales
7:45 AM ET - Redbook
8:55 AM ET - Quarterly Services Survey
10:00 AM ET - 10-Yr Note Auction
11:00 AM ET - 4-Week Bill Auction
11:30 AM ET - Beige Book
2:00 PM ET - Consumer Credit
3:00 PM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations 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 futures 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!