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Category: Future Trading News

As a high risk trading type, futures trading is not for someone who is faint-hearted. Though there are a number of different ways of investing in futures , it is important to stick to what you know. Treading into unknown waters is not something that you should do when dealing in futures.

From managing margins to ordering trades to doing market analysis and more if you want to, you can do that all by yourself – but you may betaking double the risk. Therefore, when trading in futures, it may be better to seek advice from a professional trader.

Professional trading experts at Cannon Trading can help you with your futures trading. We are also there to keep you updated with the latest on futures trading and market news. All the news and latest articles on futures trading are published on our site under the category Archive Futures Trading News, which you are currently browsing through. Read more and the latest here and keep updated.

Resources to Help You Navigate These Volatile Times & YM Daily Chart & Futures Trading Levels 9.24.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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It feels like a new world out there in so many ways. Trading is one as well….This is a TOTALLY different markets than what we witnessed 6-8 weeks ago, a year ago etc.
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
CONFIRM MARGINS WITH YOUR BROKER, margins are function of volatility, platform, exchange overnight and other factors and during this volatility, margins can change so if you are not sure – check with your broker!
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..
Here are some EXCELLENT resources to help you navigate these volatile times:
Yesterday I wrote: YM – The Mini Dow Jones, sitting on a junction level. Break below yesterdays’ lows can confirm a sell signal you see on the chart as red square. Failure to do so, will signal a short term upside bounce. Today’s low was 26586 – previous day lows was 2584!! Still watching…..
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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 when it comes to Futures Trading.

 

Futures Trading Levels

9-24-2020

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Economic Reports, source: 

https://forexfactory.com

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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.

Ranking Market Events & YM Daily Chart & Trading Levels 9.23.2020

Posted on by Ilan

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Knowing What You Don’t Know
Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.
Here’s the scenario:
You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.
**DING**
You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.
Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.
**DING**
YM – The Mini Dow Jones, sitting on a junction level. Break below yesterdays’s lows can confirm a sell signal you see on the chart as red square. Failure to do so, will signal a short term upside bounce.
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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 when it comes to Futures Trading.

 

Futures Trading Levels

9-23-2020

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Economic Reports, source: 

https://forexfactory.com

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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.

Top 5 Mistakes Beginners Should Avoid Making + ES Daily Chart & Futures Levels 9.22.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Trading 101: Top 5 Trading Mistakes Beginners Should Avoid Making
Trading Futures Is A Tough Business, Especially Because There Are Many Different Trading Mistakes, But If You Are One Of The Very Few That Can Succeed, This Could Be A Lucrative Business As Well
I have seen quite a bit since I became a broker in 1998. Some war stories to share about the markets, some crazy moves and much more in between. I was trading futures with clients on the sad Sept. 11th 2001 day when the planes hit and the markets were plunging before they were closed for almost a week. I witnessed the meat contracts making limit up and limit down moves over the years and much more…..
As a commodity broker I have observed MANY traders, many of them were new traders, and this allows me to share with you some valuable observations I hope will help you start your futures trading journey on a much smoother road than most.
Here are the FIVE CRUCIAL TRADING MISTAKES you need to avoid!
I shared the Mini SP 500 chart below this past Friday on our weekly newsletter. You can see the chart and outlook provided last week HERE.
Below is the updated chart after today’s price action for your review – click here to enlarge image.
3308 is now first resistance above. 3127 major support below as well as the 3180’s level which were the lows at the end of July.
trading mistakes

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-22-2020

Trading Mistakes

Economic Reports, source: 

https://forexfactory.com

Trading Mistakes

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.

Quadruple Witching Tomorrow…. & Trading Levels 9.18.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Quadruple witching tomorrow….
Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.
Keep in mind that September mini SP and it’s relatives ( mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.
The September contract will simply cease to trade. If you have not switched to December yet, now is the time…..
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..
The path for USD has been rocky since its highs of mid-March, but the degree of rockiness depends on the path you’re taking. Continued complications around Brexit have now sent the pound (GBP) lower against the dollar on the year, while the euro’s (EUR) take on this news has been mostly bullish. Then there’s the yen (JPY) that is trying to find out what exactly Japan’s new prime minister, Yoshihide Suga, might mean for the BOJ.
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Euro-Pound Push and Pull
If the trend around Brexit continues, then the pound and euro will cancel each other out and leave little in the way of a US Dollar reaction; and the same goes for this one-off news story that’s specific to Japan and its currency. So what will move the dollar?
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What Will Move the Dollar?
Interest rates are still hugging 0%, which makes the next move either into negative territory or higher to normal ranges. Those thinking the former is in play might look at a bearish Small US Dollar (SFX) futures position, while those in the latter group could employ their ideas by trading the dollar from the long side. Finally, the upcoming election creates potential for USD movement. The election of Donald Trump, a republican, on November 8, 2016, was met by a 1% rally in the dollar the following day and a 6% rise for the rest of the year. SFX could see some volatility as November nears.
© 2020 Small Exchange, Inc. All rights reserved. Small Exchange, Inc. is a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission. The information in this advertisement is current as of the date noted, is for informational purposes only, and does not contend to address the financial objectives, situation, or specific needs of any individual investor. Trading futures involves the risk of loss, including the possibility of loss greater than your initial investment.

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-18-2020

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Economic Reports, source: 

https://BetterTrader.co

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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.

Rollover! & Daily Emini ES Chart and Trading Levels 9.17.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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It’s that time of the year where December contract is the front month for all stock indices/ currencies/ financials and other markets!
Rollover!!
FOMC came and left…usually the real market direction will show its true colors the next day.
Price action tomorrow and on Friday (quadruple witching) will be very important to watch.
Mini SP 500 chart for your review below:
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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 when it comes to Futures Trading.

 

Futures Trading Levels

9-17-2020

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Economic Reports, source: 

https://BetterTrader.co

9a41e62a acdd 40f7 8ceb 4cd93ba3fea1

 

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.

Tomorrow We Have FOMC & Daily Soybean Oil Chart & Trading Levels 9.16.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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It’s that time of the year where December contract is the front month for all stock indices/ currencies/ financials and other markets!
Rollover!!
Tomorrow we have FOMC.
Normally the volatility is around the actual rate cut/increase….This time it is 99.99% of no change.
However, FOMC days do have unique behavior and this time my guess is, it will be around the language used after the announcement.
The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3325.00 with a stop at 3319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3319.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
Find the clues?
Daily chart of Bean Oil futures below along with a graph showing the changes in the Non- Commercial long/short difference (weekly basis).
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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 when it comes to Futures Trading.

 

Futures Trading Levels

9-16-2020

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Economic Reports, source: 

https://BetterTrader.co

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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.

ROLLOVER for all Stock Indices/ Currencies/ Financials and Other Markets, Daily ES Chart & Futures Levels 9.15.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Get Real Time updates and market alerts on Twitter!
It’s that time of the year where December contract is the front month for all stock indices/ currencies/ financials and other markets!
Rollover!!
(US) Market Trading Hours Summary: Spat of M&A buoys risk sentiment
Summary:
Investors’ animal spirits were elevated after a merger Monday of sorts. Nvidia confirmed a $40B deal to acquire Arm setting the stage for a rally in the semis. Oracle appears to be the leader in the house for TikTok assets but details remain minimal. The Greenback continued to back track and gold futures rose 1% while bond prices were little changed. The Yen firmed after it was reported that incoming PM Suga will keep Aso on as Deputy PM and Finance Minister.
Overnight:
– Risk on appetite fueled by renewed optimism about a coronavirus vaccine
– Japan Suga won LDP leadership vote and poised to become the country’s new Prime Minister
– UK Parliament prepared to debate a proposal to rewrite parts of the Brexit withdrawal agreement.
US Session
-(US) Sec of Treasury Mnuchin: Confirms Oracle TikTok offer received over weekend; will continue to work on stimulus – CNBC interview
Europe and Asia
-(US) US Ambassador to China Branstad said to resign – CNN
-(UK) PM spokesperson: Internal market bill to protect trade across the four nations of the UK while maintaining global standards
-(EU) ECB Lane (Ireland, Chief Economist): Precautionary savings will persist for a while
-(JP) Incoming Japan PM Suga to reappoint Taro Aso as Deputy PM and Fin Min – press
In between, daily SP 500 futures chart for your review below (esz20), click on image to enlarge.
200914 E Mini S%26P 500 Equalized Active Daily Continuation

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-11-2020

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Economic Reports, source: 

https://BetterTrader.co

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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.

Prepare for Rollover with Eminis, RBOB Daily Chart & Futures Levels 9.11.2020

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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If you are trading stock index futures, it is time to start trading the December contract. Symbol for December mini Sp is ESZ20
If you have any questions, please reach out to your broker here at Cannon and they can provide more insight.
I personally will switch tomorrow or Monday once I see the December volume higher than the September volume.
On a different note, I have a possible sell signal on the unleaded gasoline.
Daily chart for your review below and feel free to reach out for more personalized advise if you like.
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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 when it comes to Futures Trading.

 

Futures Trading Levels

9-11-2020

 

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Economic Reports, source: 

https://forexfactory.com

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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.

Futures Levels 9.10.2020

Posted on by Ilan

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
There will be no market commentary today

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-10-2020

82a3ddae 31dc 477c 8c02 95cfa92a8949

Economic Reports, source: 

https://forexfactory.com

f439d26b 52d5 4dc7 8c0a d30187b49c69

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.

Bollinger Bands, Parabolics Studies and Futures Trading Levels 9.09.2020

Posted on by Ilan

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

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Get Real Time updates and market alerts on Twitter!
Trading Videos: Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
In this blog entry today we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using Bollinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-09-2020

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Economic Reports, source: 

https://forexfactory.com

1f92a35f b2a3 4816 996d d22bfb9155ea

 

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.

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.