FOMC Tomorrow, March is the Front Month for Stock Indices 12.13.2017

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Dear Traders,

March is now the FRONT MONTH for all e-mini contracts. March is H8

so YMH8 is the March mini Dow futures 

Tomorrow FOMC announcement. Thursday several European countries will conclude their rate meetings.

I suspect we should see some heightened volatility.

Watch the video and read more at: 

https://activetrader.cmegroup.com/infocus/story?id=528

US bonds daily chart for review ahead of tomorrow:

US Bonds Daily Chart

Continue reading “FOMC Tomorrow, March is the Front Month for Stock Indices 12.13.2017”

Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls

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Dear Traders,

Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

  • 4 Dec 2017
  • By Erik Norland
  • Topics: FX, Equity Index, Metals

Our previous article on bitcoin focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange and a store of value. This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to commodities.

What is most striking about the economics of bitcoin is the certainty of its supply and the vagaries of demand. The rate at which bitcoin is mined has been highly predictable and unlike almost any other asset – currencies or commodities – its ultimate supply is a known quantity, fixed well in advance. There will never be more than 21 million bitcoins. This feature makes supply almost perfectly inelastic. No matter how high prices go, miners will not produce more than 21 million coins. Moreover, price increases won’t necessarily incentivize a more rapid mining of bitcoin. Even if they did, it would only influence miners to create more bitcoin today at the expense of creating less in the future since the total supply will reach a hard, asymptotic limit of 21 million coins…..Read the Rest

The New Account Application

In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with the minimums listed above

Here’s the link to the on-line account application (takes about 15-20 mins.)

Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.

If you have ANY questions, feel free to call, chat or contact us!

Continue reading “Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls”

Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017

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

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Dear Traders,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018. 

Saudi Arabia: Turbulence on the Horizon?

  • 21 Nov 2017
  • By Erik Norland
  • Topics: Economic Events

There is considerable change underway in Saudi Arabia, from how the country is governed and managed to an even more activist role in the politics of the volatile Middle East. Options markets, however, appear to be almost entirely unconcerned about recent developments in the country, the world’s largest exporter of crude oil and a key U.S. ally in the Middle East.

At-the-money implied volatility on West Texas Intermediate (WTI) Crude Oil options has been trading near its lowest point since late 2014 and is well below its long-term average.  For example, on November 17, 90-day WTI options closed at 23% implied volatility, well below their 31% average so far this decade (Figure 1).  Are markets too complacent in the face of potential political disruption in Saudi Arabia and its neighboring countries. READ THE REST

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The future of bitcoin is bitcoin futures + Futures Trading levels for 11.29.2017

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

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Dear Traders,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018.

A good article about the future of Bitcoin for your reading pleasure!

The future of bitcoin is Bitcoin futures!

Continue reading “The future of bitcoin is bitcoin futures + Futures Trading levels for 11.29.2017”

The Future of Bitcoin is Bitcoin Futures

Commodity trading has become a “niche area in the finance world that…has been gaining more interest among individuals who are seeking alternative trading instruments from the usual stocks and bonds,” says Timothy Ho, economics/finance professional.

Commodities categories include precious metals, oil and gas, and soft commodities (cocoa beans, coffee, sugar, wheat, etc.). Some commodities are considered “the fifth asset class,” and they can include cash, equities, and property.

A futures contract settlement will occur in the future but traded today.  There are also spot contracts that settle immediately called “spot contracts.” Most investors work with a commodities futures broker, someone who understands your financial portfolio goals and can place trades for you for a relatively small fee on futures contracts for your account

Some of the risks of futures trading include:

  1. Exchange rates
  2. Geo political events
  3. Supply and demand
  4. Weather
  5. Leverage and technicals
  6. Price fluctuations

What are Bitcoins?

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The Risk Book + Futures Trading Levels for 11.28.2017

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Dear Traders,

A good visual PDF for anyone who trades commodities and futures but even more so for those who are looking to hedge different risks. If you are exposed to currency risks, you are a farmer, perhaps an importer of goods like Cocoa and Coffee or maybe an Oil producer /importer – read the PDF and feel free to call us here at Cannon and discuss your hedging needs at any time!

The Book Of Risk

+1 310 859 9572

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Thanksgiving Holiday Schedule & Support & Resistance Levels 11.22.2017

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

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Dear Traders,

Happy Thanksgiving holiday to everyone, please make sure you are fully aware of the different trading hours, as the markets will be open “off and on” over Thursday and Friday. Wednesday is normal trading day across all markets. Call us at +1 310 859 9572 with any questions. All times below are central time.

 Thanksgiving Holiday Schedule

Continue reading “Thanksgiving Holiday Schedule & Support & Resistance Levels 11.22.2017”