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Treasury Bonds & Notes make Bold Moves!

Posted on by Jenny Collins

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Treasury Bonds Notes
Treasury Bonds

 

Treasury Bonds, Notes

Treasury Bonds & Notes – Different market, different trading environments

Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES (mini SP) is not giving you enough risk/opportunities, then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.

There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.

Interest rates, mostly the ten year and 30-year.

In most platforms, the symbols are ZB for 30-year bonds and ZN for 10-year notes.

Product Symbol

ZB

Treasury Bonds

Contract Size

The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof

Price Quotation

Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.

Product Symbol

ZN

Underlying Unit

One U.S. Treasury note having a face value at maturity of $100,000 < Treasury Bond.

Price Quote

Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.

Tick Size

(minimum fluctuation)

One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).

Contract Months

The first five consecutive contracts in the March, June, September, and December quarterly cycle.

These contracts are often affected by many of the economic reports that come out at 8:30 Am Eastern and there is very active volume between the hours of 8 am EST and 3 PM EST

Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day (might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 1,300,000 contracts.

These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.

Another advantage for these markets is that the exchange fees per trade are LOWER than the ones on the stock index futures.
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May Sugar Chart for your review below!

May sugar is completing its second upside PriceCount objective to the 19.96 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. At this point, if the chart can sustain further strength, the third count would project a possible run to the 21.57 area which is consistent with a challenge of the fall highs.

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Daily Levels for February 25th, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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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.
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Market Outlook: May Wheat Satisfies, Key Earnings, Fed Speeches, and Economic Data for the Final Trading Week of the Month

Posted on by Jenny Collins

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Cannon Futures Weekly Letter

May MN Wheat

wheat

In Today’s Issue #1231

  • May Minnesota Wheat – Hot Market of the Week
  • Permanent Demo Available
  • The Week Ahead – NVIDIA, PCE, Housing Numbers, Fed Speeches and More!
  • Futures 102 – Understanding mini NASDAQ 100
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Trading Demo Available with your StoneX Futures Platform:

This permanent demo is available to all clients using the StoneX futures ( CQG desktop) platform as long as you have a balance.

If you live account is subscribed to live data, your demo will also have live data.

Demo data will run off the market data subscriptions you have.

See example below:

Login to your live trading account: https://m.cqg.com/stonexfutures

In the upper right corner, you should be able to click on your account number and select the demo account, which will be highlighted in yellow.

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Important Notices: The Week Ahead

By John Thorpe, Senior Broker

The final trading day of the month Next Friday with a full week packed with housing and other economic data, Fed Speak and a hot earning report or two.

Earnings Next Week:

  • Mon. Quiet
  • Tue. Home Depot before the open, Intuit post close
  • Wed. NVIDIA , Sales Force post close
  • Thu.  quiet
  • Fri. quiet

FED SPEECHES:

  • Mon Quiet
  • Tues. Barr 10:45 am CST, Barkin 12:00pm CST
  • Wed. Barkin 7:30 am CST, Bostic 11 am CST
  • Thu. Barr 9 am CST, Bowman 10:45 am CST, Hammack 12:15pm CST, Harker 2:15 CST
  • Fri. Quiet

Economic Data week:

 

  • Mon. Dallas Fed Manufacturing
  • Tue. RedBook, Case Schiller, Consumer confidence, Dallas Fed,
  • Wed. Richmond Fed, Bldg Permits, New Home Sales
  • Thur. Initial Jobless Claims, Durable Goods Q2 advance,
  • Fri. Core PCE, Chicago PMI

Futures 102: Understanding the E-mini Nasdaq-100

Course Overview

Learn more about the E-mini Nasdaq-100 futures contract. You will gain an understanding of the E-mini Nasdaq-100 futures contract specifications, spreading between different equity index futures contracts, and the tools available to help investors.

Start Now

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Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

May MN Wheat

May MN wheat satisfied its third upside PriceCount objective where it would be normal to get a near term reaction in the form of a consolidation or corrective trade, at least. At this point, IF the chart can resume its rally into new sustained highs, we are left with the low percentage fourth count to aim for to the $7.27 area. It takes a trade above the October reactionary high to formally negate the remaining unmet downside counts. That’s May MN Wheat!

PriceCounts – Not about where we’ve been, but where we might be going next!

 

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

ES NZL

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

Learn More

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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
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Trading Levels for Next Week

Daily Levels for February 24th, 2025

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

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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.
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Natural Gas & Copper Eye Upside Amid Post-Holiday Market Turbulence; Softs & Metals Lead the Charge

Posted on by Jenny Collins

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Busy Friday to Finish a Short Trading Week

By Ilan Levy-Mayer, VP

natural gas 2

It has been a volatile short trading week post President’s Day long weekend.

Wild swings across the board with softs and metals leading the way.

Tomorrow we have new home sales, flash PMI and University of Michigan reports which will be watched closely for the inflation outlook.

Watch both natural gas and copper as these markets are establishing a tend to the upside.

Would you like to get real

time news and markets outlook via videos updates daily?

Simply visit us on our market research section. FREE to clients and prospects!
Daily Updates & Market Research

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Daily Levels for February 21st, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

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Economic Reports

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All times are Eastern Time (New York)

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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.
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Platinum Futures

Posted on by Ilan

Platinum futures remain one of the most compelling precious metals contracts for traders looking to hedge risk, speculate on price movements, or diversify their portfolios. As 2025 unfolds, futures traders must equip themselves with the right knowledge, reports, and strategies to navigate the evolving market landscape. In this comprehensive guide, we will explore the key factors influencing platinum futures, historical trends, and why Cannon Trading Company is an ideal futures trading broker for traders of all experience levels.

10 Tips and Pointers for Trading Platinum Futures in 2025

  1. Understand Supply and Demand Dynamics
    The price of platinum futures is heavily influenced by supply and demand. South Africa and Russia dominate global platinum production, meaning any geopolitical instability, labor strikes, or production halts in these regions can significantly impact futures contract trading.
  2. Follow Automotive Industry Trends
    Platinum is widely used in catalytic converters for vehicles. Any regulatory changes related to emission standards, shifts in electric vehicle (EV) adoption, or automotive production trends can influence platinum futures prices.
  3. Monitor Interest Rates and Inflation
    Precious metals, including platinum, often act as a hedge against inflation. With potential shifts in Federal Reserve policies, traders must watch interest rate decisions closely, as they impact investor sentiment toward precious metals.
  4. Track Global Economic Growth
    Platinum is an industrial metal, meaning global economic growth can affect demand. Rising manufacturing activity and GDP growth often correlate with increased platinum consumption, impacting futures contract trading.
  5. Study Historical Platinum Futures Trends
    Historically, platinum has exhibited high volatility compared to gold and silver. Futures traders should analyze past market cycles to identify patterns that may help them predict price movements in 2025.
  6. Consider Seasonal Trends
    Like other commodities, platinum has seasonal price tendencies. Historically, platinum prices tend to rise in the first quarter due to increased industrial activity after the holiday season.
  7. Leverage Technical Analysis
    Using technical indicators like moving averages, RSI, and Fibonacci retracements can help futures traders time their platinum futures trades more effectively.
  8. Stay Updated on Mining Reports
    Major mining reports from companies such as Anglo-American Platinum and Impala Platinum Holdings provide insights into production levels and potential supply shortages that can impact futures contract trading.
  9. Hedge with Options and Spread Strategies
    To manage risk, futures traders can utilize option contracts and spread strategies when trading platinum futures. Spreads, such as bull call spreads, can provide downside protection while allowing participation in potential upside movement.
  10. Choose a Reliable Futures Trading Broker
    Selecting a trustworthy broker is crucial for success in futures trading. Cannon Trading Company stands out due to its diverse trading platforms, top-tier regulatory reputation, and high customer satisfaction.

Trends to Expect in Platinum Futures and Corn Futures in 2025

Platinum futures are expected to be influenced by multiple key factors in 2025:

  • Green Energy Transition: The hydrogen fuel cell industry, which uses platinum as a catalyst, is likely to see continued investment, increasing demand for the metal.
  • Supply Chain Disruptions: As global supply chains continue to recover from the pandemic and geopolitical uncertainties, platinum availability may fluctuate.
  • U.S. Dollar Strength: A stronger dollar typically pressures platinum prices downward, while a weaker dollar can support price gains.
  • Federal Reserve Policies: Interest rate cuts could drive investment in precious metals, benefiting platinum futures traders.

Meanwhile, corn futures are expected to experience volatility driven by:

  • Weather Conditions: Droughts, floods, and unexpected weather events will impact supply and price movements.
  • Export Demand: China and other major importers’ buying patterns will heavily influence price trends.
  • Biofuel Policies: Corn is a primary component in ethanol production, and regulatory policies on biofuels can significantly impact futures trading.

Key Reports to Analyze Before Trading Platinum Futures

When assessing potential platinum futures trades, traders should monitor the following reports:

  • Commitment of Traders (COT) Report: This report provides insight into the positions of institutional traders, helping traders gauge market sentiment.
  • U.S. Non-Farm Payrolls (NFP) Report: Employment data impacts inflation and economic growth projections, influencing platinum demand.
  • Federal Open Market Committee (FOMC) Statements: Interest rate decisions affect the attractiveness of precious metals.
  • World Platinum Investment Council (WPIC) Reports: Provides insights into supply-demand forecasts for platinum.
  • Auto Industry Production Reports: Key for understanding platinum demand from catalytic converter manufacturing.

Historical Trends in Platinum Futures and Other Precious Metals

Platinum has a unique history in the commodities market. Unlike gold and silver, which are primarily monetary metals, platinum has a more industrial focus. Some notable historical trends include:

  • Early 2000s Boom: Platinum prices surged due to increasing demand from the auto industry and a weaker dollar.
  • 2008 Financial Crisis: Prices crashed alongside other assets but rebounded as economic recovery began.
  • 2010-2014 Rally: Strong industrial demand and investor interest pushed platinum to highs above $1,800 per ounce.
  • 2015-2020 Decline: Rising palladium substitution in automotive applications and mining oversupply contributed to price stagnation.
  • 2021-Present Recovery: Increased interest in green energy and supply chain disruptions have sparked renewed volatility.

Gold and silver futures have historically been more stable but still follow macroeconomic and geopolitical trends. Traders should compare these metals to platinum futures to identify relative value opportunities.

Why Cannon Trading Company is the Best Futures Trading Broker for Platinum Futures

For traders looking for a reliable futures broker, Cannon Trading Company stands out for several reasons:

  • Wide Selection of Free Trading Platforms: Cannon offers top-tier platforms such as E-Futures International, CQG, and Trade Navigator, providing traders with excellent execution speed and analytical tools.
  • Decades of Experience: Established in 1988, Cannon Trading has a long-standing reputation for integrity and service excellence in the futures trading industry.
  • 5-Star TrustPilot Ratings: With consistently high ratings from satisfied clients, Cannon Trading provides excellent customer support and trading guidance.
  • Regulatory Compliance: As a member of the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), Cannon upholds the highest industry standards for transparency and security.
  • Personalized Service: Whether you’re a novice or experienced trader, Cannon Trading offers tailored solutions to fit your trading style and risk tolerance.

If you’re serious about trading platinum futures, choosing a seasoned futures trading broker like Cannon Trading Company ensures you have the best tools, support, and expertise at your disposal.

Trading platinum futures in 2025 requires a deep understanding of market fundamentals, technical strategies, and macroeconomic influences. By following key reports, monitoring industrial demand, and leveraging expert futures brokers like Cannon Trading Company, traders can position themselves for success in the evolving futures trading landscape.

For more information, click here.

Ready to start trading futures? Call us at 1(800)454-9572 – Int’l (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

 

Market Updates: S&P 500, Crude Oil, and Gold Movements

Posted on by Jenny Collins

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The Day Ahead in Futures Trading

by Mark O’Brien, Senior Broker

S&P 500, Gold, Crude Oil

Gold

Bullet Points, Highlights, Announcements

Indexes:

The March E-mini S&P 500 traded within striking distance of its life-of-contract high posted back on Dec. 4th and 6th (6164.00) breaching that price intraday with a 6166.50 print and closing today at 6163.00

Energy:

Oil prices rose on Wednesday, extending gains to a third-consecutive session amid growing supply worries.

March futures for West Texas Intermediate Crude traded briefly above $73.00 per barrel, a ±75 intraday increase and trading up ± 46 cents per barrel at ±$72.31.

If you missed it, EIA Energy Stocks were NOT released today, as is usual.  Due to the Presidents’ Day holiday, the report will be release tomorrow, 30 minutes after the EIA Gas Stocks report: 7:30 A.M., Central Time (gas), 8:00 A.M. (energy).

Metals:

Gold prices wavered near unchanged at this blog’s submission after trading ±$15 above and below yesterday’s settlement and near its all-time highs near $2,950 per ounce.

Fueling safe-haven demand for the precious metal, the Trump administration plans to impose tariffs of around 25% on U.S. bound autos and auto-building components, semiconductors and pharmaceuticals as early as April 2.

April gold futures have gained about 12% so far this year, with analysts expecting higher prices in a trade war.  On Monday, Goldman Sachs raised its year-end 2025 gold price forecast to $3,100 per ounce.

Daily Levels for February 20th, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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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.
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Dollar Index Eyes 105.47 as Economic and Geopolitical Risks Mount

Posted on by Jenny Collins

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dollar index

Movers & Shakers by John Thorpe, Senior Broker

Dollar Index Eyes 105.47

Movers and Shakers : QUIET Econ data and fed speak tomorrow

Market volatility is here to stay for the foreseeable future

Choose your opportunities wisely.

Updated: February 18, 2025 2:01 pm

Russia – Ukraine War Update

–Ukraine’s military said Russia launched a barrage of 147 attack drones against Ukraine overnight. Out of this, the Ukrainian Air Force reported shooting down 83, while 59 did not reach their targets. Several storage facilities and private residences were reported damaged.

–The Caspian Pipeline Consortium said that Ukrainian drones hit one of its major oil pipelines in southern Russia’s Kropotkinskaya pumping station in the Krasnodar region, affecting supply from neighbouring Kazakhstan.

–Ukraine’s Security Service claimed responsibility for the attack on the oil pipeline and said that Moscow’s Ilsky oil refinery in Krasnodar was also hit, with at least 20 explosions heard in the area.

–Russia’s Defence Ministry said its forces captured the settlement of Fyholivka in eastern Ukraine’s Kharkiv region. A second announcement later said that the village of Sverdlikovo in Russia’s Kursk region was taken back from Ukraine’s forces.

–US Secretary of State Marco Rubio travelled to Saudi Arabia in advance of planned peace talks between United States and Russian officials over the war in Ukraine.

–Kremlin spokesperson Dmitry Peskov confirmed that Russia would be represented by Foreign Minister Sergey Lavrov and foreign policy director Yuri Ushakov at the meetings with the US in Riyadh.

–Peskov also said that Russian officials would talk with US counterparts about restoring ties, negotiating a peaceful settlement to the war in Ukraine and preparing a meeting between Russian President Vladimir Putin and US President Donald Trump.

 
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–The Kremlin said any plans to deploy European peacekeeping troops after Kyiv and Moscow strike a peace deal would make the matter complex.

–French President Emmanuel Macron hosted an emergency meeting with leaders from key European Union nations at the Elysee Palace in Paris to discuss the EU’s reaction to Washington’s peace talks with Moscow.

–Hungary’s Foreign Minister Peter Szijjarto told a media briefing that the Paris meeting, to discuss the US’s policy shift towards Moscow in its war on Ukraine, would be an attempt to prevent peace. -unlike them, we support Donald Trump’s ambitions; unlike them, we support the US-Russian negotiations; unlike them, we want peace in Ukraine,- Szijjarto said.

–Russia’s Lavrov asked why Europe should be invited to join talks on a peace settlement in Ukraine if European politicians want the war to carry on. He also said Russia would not even consider territorial concessions to Ukraine in future peace talks.

–The spokesperson for Ukrainian President Volodymyr Zelenskyy, Sergii Nykyforov, said that the Ukrainian leader would travel to Saudi Arabia on a long-planned visit the day after the meeting between Russia and US officials wraps up.

–The Ukrainian leader also said he would not recognise any outcome of the Washington-Moscow talks in Saudi Arabia that did not involve Kyiv.

–Zelenskyy met with the United Arab Emirates’s Sheikh Mohamed bin Zayed Al Nahyan during a visit to the UAE, where Sheikh Mohammed reportedly committed to supporting efforts for a peaceful resolution to the war and continuing initiatives to ease the humanitarian impact.

–Zelenskyy is now in Turkiye to meet with President Recep Tayyip Erdogan to discuss prisoner exchanges between Ukraine and Russia.

-The Dollar Index Eyes 105.47.

 

 

 

Tomorrow:

  • FOMC Minutes
  • Housing Starts
  • NO Crude Oil Numbers ( pushed to Thursday)
March US Dollar Index

The March dollar index negated its original downside PriceCounts off the January high early this month. Now, the chart has activated fresh counts off the larrger leg where the first count projects a run to the 105.47 area. It would take a trade below the November reactionary low to formally negarte the remaining unmet upside objectives.

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Daily Levels for February 19th, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot
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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.
Call Now

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Stock Futures suffer Eye-Opening Tumble as CPI Exceeds Expectations

Posted on by Jenny Collins

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Trading in Front of Reports – Like Today’s CPI – Stock Futures – a Word to the Wise

by Mark O’Brien, Senior Broker

This morning the Bureau of Labor Statistics released its scheduled Consumer Price Index and to the market’s surprise, it jumped more than anticipated, showing a higher-than-expected 0.5 percent increase from December. It was the fastest monthly increase since August 2023.

Stock Futures

The reaction by the major stock futures contracts was immediate and pronounced. Within a single minute of the report’s release, the E-mini Dow Jones stock futures contract dropped over 400 points, the E-mini S&P 500 stock futures contract dropped 60 points, a $3,000 move and within that same minute the E-mini Nasdaq stock futures contract dropped 311 points, a $6220 move.

CPI

CPI is one of several regularly scheduled reports that can have an impact on the futures markets. There are many such reports on things like crude oil stocks, crop conditions, interest rate decisions and several that look at aspects of the economy.

 
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They all can impact related futures markets’ movement, even if for a span of time as short as a minute.

So, it’s important for traders to take care when trading into an approaching report, as well as afterwards if volatility continues. Even if you’re incorporating STOP orders to offset a position going into a report’s release, fast markets can “jump” over your STOP price and leave your trade exposed to further risk.
1 minute chart from this morning for illustration purposes below!

 

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Daily Levels for February 13th, 2025

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Economic Reports

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All times are Eastern Time (New York)

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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.
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Coffee, Cattle, and Crops: Market Swings Amid Powell & CPI Anticipation

Posted on by Jenny Collins

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Coffee

Movers & Shakers by John Thorpe, Senior Broker

Movers and Shakers: Tomorrow (CPI) before the open, CSCO After the close

 

Fed Powell’s testimony in the Senate had the market moving today.

Gold started to sell off well before the testimony began, down $25.00 then as Powell spoke @ 10 EST, the market rallied from that point in somewhat of a slough to unchanged, but struggled to breakout and looks to close a shade off yesterday, down 8 bucks. Holding rates for quite some time longer didn’t add fuel to the current rally. Powell testifies tomorrow in the House, same time.

 

The S&P 500 rallied from Powell’s opening remarks 20 points, then fell back at the 2-hour mark to where it began:6070.00 only to rally NEARLY 30 POINTS FROM THERE AFTER THE CONCLUSION. However, they look to close unchanged at the time of this writing. 6088.00.  This was a very tradeable day.

 

After scanning several markets Energies, Bonds, Dollar index. They all finished the day right about where they were prior to Powell’s opening remarks except for the US Dollar, which closed lower as Gold retained some of its luster.

 
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Corn

WASDE was released this morning as well, whose results weighed on domestic Ag row crop prices, Beans down 6 cents, Corn down 7.5-6.25 for old crop, new crop Dec down a penny (will grains in the future be quoted in pennies with the dissolution of the one cent coin?) Wheat down between 2.5 to 7 cents across the board and protein spectrum. Cotton bucked the trend and had a strong rally after the numbers, up .74 basis the May contract.

 

Coffee

As for the softs, Coffee lost some caffeine today, down from its all-time highs, 15 + cents per pound @ 413.45. This drop comes after a strong rally in recent sessions, fueled by supply concerns and robust demand. However, profit-taking and shifting sentiment in the broader commodities market may have contributed to today’s pullback. Traders will be watching for any signs of renewed momentum or further correction in the days ahead, particularly with currency fluctuations and weather patterns in key coffee-growing regions influencing price action. That’s Coffee!

 

Market volatility is here to stay for the foreseeable future.

Choose your opportunities wisely.

 

Tomorrow: CPI (Consumer Price Index) before the open, Fed Powell Testimony in the House of Representatives 9 am CST, Fed Bostic 11:00 am CST. Earnings: Cisco After the close, CME Group, before the open
March Feeder Cattle

The January 21st QT Chart of the Day alerted readers that the March feeder cattle chart was approaching its third upside PriceCount objective. After reaching this target area, the chart corrected lower and activated downside PriceCounts in the process. At this point, if you can extend its break with new sustained lows, the second count would project a slide to the 261.59 area.

 

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Daily Levels for February 12th, 2025

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Economic Reports

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All times are Eastern Time (New York)

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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.
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Hidden Market Trends: Copper Joins Coffee and Gold in Notable Moves

Posted on by Jenny Collins

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Coffee Anyone? Gold? Copper?

COFFEE

 

While most day traders focus on markets like mini SP, MICRO NQ, bonds and few others, some of the other markets have made some noticeable moves. Coffee, Gold and now Copper.

 
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March copper is activating upside PriceCount objectives off the January lows. The first count projects a possible run to the 4.80 area which is consistent with a challenge of the fall high.

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Daily Levels for February 11th, 2025

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Economic Reports

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All times are Eastern Time ( New York)

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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.
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US January Non-Farm Payroll Report: Key Forecasts and Market Impact

Posted on by Jenny Collins

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NFP Tomorrow – Non Farm Payrolls Tomorrow

Non Farm Payrolls

US January Non-Farm Payrolls data will be released Friday morning at 7:30 am CT. Economists are forecasting non-farm payrolls +170,000 compared to the previous month’s +256,000. The January jobless rate is expected at 4.1%, unchanged compared to the previous month. Average hourly earnings are expected up +0.3% month over month.
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With Non-Farm Payroll coming in tomorrow, We suspect a busy, volatile Friday as other reports and speakers will be out. Make sure to check calendar below.

April Hogs satisfied a second upside PriceCount  objective before turning sideways with a range bound trade. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential run to the 100.96 area.

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Daily Levels for February 7th, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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Find us on Trustpilot
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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.
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90025 US

 

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.