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Economic Trading

Category Archives: Economic Trading


Futures Levels & Economic Reports 11.04.2015

November 3rd, 2015 Filed under Economic Trading, Future Trading News, Futures Trading | Comment (0)

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday November 04, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Did not have too much of added value to share with you today so decided to point you into a resource that is not on our site ( but will be soon)  that may be useful for you and includes a few videos:https://vimeo.com/cannontradingcompany/videos

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan,visit our broker assist services.

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.

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Futures Trading Levels

Contract Dec. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2133.42 4783.00 18133 1212.83 98.32
Resistance 2 2121.83 4755.25 18015 1203.77 97.95
Resistance 1 2112.17 4732.50 17925 1195.83 97.60
Pivot 2100.58 4704.75 17807 1186.77 97.22
Support 1 2090.92 4682.00 17717 1178.83 96.87
Support 2 2079.33 4654.25 17599 1169.77 96.50
Support 3 2069.67 4631.50 17509 1161.83 96.15
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1156.6 15.66 51.25 157 22/32 1.1117
Resistance 2 1147.3 15.56 49.80 156 31/32 1.1077
Resistance 1 1132.2 15.41 48.85 155 28/32 1.1023
Pivot 1122.9 15.31 47.40 155 5/32 1.0983
Support 1 1107.8 15.16 46.45 154 2/32 1.0929
Support 2 1098.5 15.06 45.00 153 11/32 1.0889
Support 3 1083.4 14.91 44.05 152 8/32 1.0835
Contract Dec. Corn Dec. Wheat Jan Beans Dec. SoyMeal Dec. Nat Gas
Resistance 3 389.8 530.8 896.58 308.20 2.36
Resistance 2 386.0 523.7 891.67 306.70 2.32
Resistance 1 383.3 520.1 885.33 304.00 2.30
Pivot 379.5 512.9 880.42 302.50 2.27
Support 1 376.8 509.3 874.1 299.8 2.2
Support 2 373.0 502.2 869.17 298.30 2.21
Support 3 370.3 498.6 862.83 295.60 2.18
Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 4  3:15am EUR Spanish Services PMI 55.5 55.1
3:45am EUR Italian Services PMI 53.7 53.3
3:50am EUR French Final Services PMI 52.3 52.3
3:55am EUR German Final Services PMI 55.2 55.2
4:00am EUR ECB President Draghi Speaks
EUR Final Services PMI 54.2 54.2
5:00am EUR PPI m/m -0.4% -0.8%
5:30am USD FOMC Member Brainard Speaks
8:15am USD ADP Non-Farm Employment Change 183K 200K
8:30am USD Trade Balance -42.7B -48.3B
9:45am USD Final Services PMI 54.6 54.4
10:00am USD Fed Chair Yellen Testifies
USD ISM Non-Manufacturing PMI 56.6 56.9
10:30am USD Crude Oil Inventories 2.5M 3.4M
2:30pm USD FOMC Member Dudley Speaks
7:30pm USD FOMC Member Fischer Speaks

 

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 judgment in trading

 


Futures Levels and Economic Reports 10.20.2015

October 19th, 2015 Filed under Economic Trading, Future Trading News, Futures Trading | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday October 20, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!


Economic Reports & Futures Levels 8.11.2015

August 12th, 2015 Filed under Economic Trading, Future Trading News, Futures Trading | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday August 11, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

TradeTheNews.com Weekly Market Update: See You in September
Fri, 07 Aug 2015 16:27 PM EST

US equity indices saw modest losses this week and the 10-year yield pulled back to levels last seen in late May as investors continued to brood over the timing of Fed rate liftoff. The consensus heading into Friday’s July jobs report was that any non-farm payrolls figure above +200K would support expectations for the Fed to tighten policy in September, and the +215K figure on Friday did the job. In China, the government extended its campaign of heavy-handed interventions to keep the Shanghai Composite steady. Economic data continued to suggest the economy is slowing: the official China manufacturing PMI index stalled out in July, hitting 50.0 after four months of very slight expansion. Europe is finally seeing solid improvements in economic data, with most of the continent’s July manufacturing PMI data beating expectations and firmly in expansion territory (although France did slip back into contraction in the month). For the week, the DJIA lost -1.8%, the S&P dropped -1.2%, and the Nasdaq gave up -1.7%.

The non-farm payrolls total came in slightly below expectations, but overall the July jobs report still indicates some improvement in the US labor market. Employers added 215,000 jobs in July, 10 thousand less than expected, but this marked the 58th consecutive month of job gains, the longest stretch on record. Both the June and May figures were revised slightly higher. Unemployment didn’t budge from its post-crisis low of 5.3%, while average hourly earnings rose 0.2% sequentially and 2.1% on an annualized basis, on par with the pace of much of the expansion. The labor-force participation rate remained at a multi-decade low, suggesting there remains quite a bit of slack in the labor market. The consensus heading into the data was that any figure above +200K would keep the Fed on track for tightening policy in September, and based on Fed-funds futures, the odds of a September hike rose to 56% from 46% before the jobs report.

In other US economic data, personal spending and core PCE growth held steady at low levels in July, although the y/y figure was a hair higher. The July ISM manufacturing index fell to 52.7 from 53.5 the month before, however the new orders component rose slightly to 56.5 from 56.0 in June, marking the highest reading since December. The July ISM non-manufacturing index saw very strong growth, rising to 60.3 from 56 m/m, with a new orders component up at 63.8. Construction spending barely rose in June as private outlays posted their biggest drop in a year, but the May figures were revised up to +1.8% from +0.8% prior.

Read the rest of this entry »


Market Recap & Economic Reports 8.04.2015

August 3rd, 2015 Filed under Economic Trading, Future Trading News, Futures Trading | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday August 4, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

TradeTheNews.com Weekly Market Update: Global Growth Concerns Linger, Fed Still Open to September Liftoff

US equity markets recovered some ground this week and the Shanghai Composite appeared to stabilize after another round of government pledges. The DJIA is looking a little shaky, weighed on by pain in the commodities related industrials, but the S&P500 is within sight of the recent all-time highs, notching a 1.2% gain on the week. Despite pledging hundreds of billions to prop up its market, China’s stocks sunk another 8.5% on Monday – the biggest one-day drop since 2007 – drawing another promise from the China Securities Finance Corporation(CSFC) to boost its stock purchases. The FOMC statement kept expectations of a September rate hike alive without pre-committing, while Thursday’s upward revisions to past core PCE readings and a hotter than expect initial Q2 core PCE print only supported that notion. Short term US Treasury yields backed up to levels not seen since early June as traders rotated into the US long bond, likely on the belief that rates can only rise very gradually under the current subdued growth outlook. The US Q2 employment cost index threw markets a bit of a curve ball on Friday, unwinding some of the week’s earlier bets the Fed was on the precipice of raising rates for the first time since 2006. The prospect of a Puerto Rico bond default over the weekend also dampened sentiment.

The semantic tweaks made to the FOMC statement released on Wednesday did not include any overt signals that rate hikes were imminent. However, Fed watchers characterized several minor changes as a hint that Fed officials see the economy closer than ever to full employment. For several meetings, the language talked about the need to see “additional” improvement in the labor market, but this was changed to “some” additional improvement. A related section stated that slack in the labor market had diminished, striking an earlier qualification that slack had diminished “somewhat.” On the inflation front, the statement dropped reference to “stabilized” energy prices, given that oil prices are retesting their spring lows, and it retained language that said inflation is running below the Fed’s 2% objective. The next FOMC meeting is scheduled for September 16-17.

The slowdown seen in the US Q2 employment cost index (ECI) had a broad impact on markets on Friday and made some question the viability of a September Fed rate hike. The report indicated that labor costs decelerated sharply in the quarter (+0.2% v +0.6%e), reversing Q1’s +0.7% figure and delivering the lowest rate of growth in 30 years. The Q1 reading suggested wage growth had picked up perceptibly from the stagnant trend of earlier years, holding out the hope for accelerating inflation and spending, with obvious implications for monetary policy. Analysts noted that some of the slowdown could be a reversal of a seasonal effect: the uptick in the first Q1 was concentrated in incentive-pay occupations, where bonuses and commissions can be volatile, and this pop reversed itself in the second quarter. Analysts caution that the adjusted data also rose in Q1 and decelerated in Q2. Commenting after the ECI release, Fed hawk Bullard said he was not concerned by the data, and that a September rate hike can’t be ruled out.

The first reading of Q2 US GDP was just fine, with the headline figure of +2.3% a hair below expectations but much better than the revised final Q1 figure of +0.6% (which itself was revised up from the -0.2% final report in June). Personal consumption beat expectations at +2.9%, while the export figure grew to +5.3% from -5.9% in the final Q1 report. Friday’s GDP report was the first to include new methodology meant to correct the tendency to slightly underestimate growth in Q1 and overestimate growth in Q3, due to issues in measuring military spending and consumer services. Under the new approach, the government has found that the US economy grew somewhat slower in 2012-14, at an average of +2.0% a year instead of +2.3%. The slowest recovery since the end of World War II is now even weaker than previously believed.

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FOMC Reaction & Economic Reports 7.30.2015

July 29th, 2015 Filed under Economic Trading, Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 30, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

FOMC came out today without much change from previous language.

Many times the true reaction to FOMC is the next day. I have seen that more than a few times in the past.

If pattern of last few meetings hold, we may see a bit more of a rally before turning around late Thursday or Friday….but then again, past performance is not indicative of future results….

Plan your trade, trade your plan. Don’t forget money management can be more important than the actual buy or sell signals etc…

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