Category Archives: Currency Futures
In simple terms, a currency futures contract is a futures contract where you agree to exchange one currency for another, on a specified date at a price that is fixed on the date when the contract is purchased.
Having been around since the 1970s, currency futures are counted as medium to high risk contracts. One thing worth knowing about forex is that they are not traded on a centralized exchange, futures currencies however do and that is an advantage for traders in our opinion. Now, in order to bring down the risk of trading currency futures, one can rely on hedging. This blog archive on currency future lists a number of write-ups on currency futures and hedge funds.
At Cannon Trading, we can help you with all that you need to know about currency futures trading. Our professional team educates and assists you in dealing with tricky trade situations. Please do read the informative articles that have been listed under this category.
October 27th, 2011 Filed under Currency Futures | Comment (0)
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart
1. Market Commentary
HUGE upside move….
I mentioned last week that I expect a BIG move and provided two scenarios (please see blog from Oct. 21st)….If I could only know for sure which way the move will go….hindsight is 20/20
The big question is whats ahead for stock index futures ( mini SP500, Mini Dow, Mini NASDAQ 100, Mini Russell 2000 and the rest of the family…). It seems that right now, the main factor is Europe. Read the rest of this entry »
September 23rd, 2011 Filed under Currency Futures, Futures Trading | Comment (0)
Please be aware of the following margin requirement changes effective with the opening of business on Tuesday, September 27, 2011 and thereafter. The affected contracts are the US Dollar Index (DX), the Continuous Commodity Index (CI), and the RJ/ CRB Index (CR)
Outright Margin Requirement Changes
| Contract |
New Margin |
Change |
| US Dollar Index (DX) |
1,500 USD |
+50 USD |
| Continuous Commodity Index (CI) |
16,000 USD |
+8,000 USD |
| RJ/CRB Index (CR) |
700 USD |
+200 USD |
September 15th, 2011 Filed under Currency Futures, Futures Trading | Comments Off on New Front Month – Futures Trading Rollover Day for Minis and Currencies Tomorrow | Support and Resistance Levels
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
1. Market Commentary
FRONT MONTH FOR EQUITIES IS DECEMBER. THE SEPTEMBER MINI SP ( AND OTHER MINIS WILL STOP TRADING TOMORROW MORNING!! ALSO CURRENCIES WILL ROLLOVER TO DECEMBER TOMORROW. PAY ATTENTION AS DELIVERIES AND MISTAKES CAN BE QUITE COSTLY.
SYMBOL FOR DECEMBER IS Z
As far as price direction, I am still not sure how to attack this market (outside of quick day-trades which I review live). We are against some resistance levels on the daily chart and I am curious to see the market reaction as the September contract is few hours from expiration.
When in doubt, it’s best to stay out, even more so in trading. I think that many successful traders will agree that the trades you DON’T take are probably more important than the ones you do. Read the rest of this entry »
June 11th, 2011 Filed under Currency Futures, Day Trading, Futures Trading, Indices | Comment (0)
Cannon Trading / E-Futures.com
June To September Rollover Notice
Please note that we are now trading September indices as well as September currencies.
Make sure you DO NOT HOLD ANY JUNE CURRENCIES in your account.
Should you have any further questions please contact your futures broker.
Daily chart of the DOW JONES CASH INDEX for your review below.
We have been trading lower on good volume and for now the trend points lower. Wishing you a great weekend and good trading week to come. Read the rest of this entry »
May 2nd, 2011 Filed under Currency Futures, Futures Broker | Comment (0)
Cannon Trading / E-Futures.com
Wishing all of you a great weekend and successful trading month in May.
Since it is a new month, I thought it would be appropriate to share a monthly chart of the SP500 CASH INDEX for much longer term prospective….. Read the rest of this entry »
