Future Trading News & Information on Cannon Trading

Future Trading News

Category Archives: 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.


Rollover Reminder for Index Traders as June Contracts Give Way to September

June 13th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Trading, Index Futures, Indices, Nasdaq, S&P 500 | Comment (0)

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For all of you index traders, you may have noticed the shrinking Open Interest and Volume in the June contracts. It’s that time when volume shifts to the next quarterly expiration contract. September! the symbol is U.

 

June volume will be drying up quickly, don’t get stuck next Friday morning with a June contract at the crack of dawn when the carousel stops.

I personally start trading the September, U contract this Monday but many traders will start switching as of today….just make sure your charts are aligned – meaning that both the DOM and the charts use the same symbol.

Watch video below on how to rollover if you are a stock index trader on our E-Futures Platform!

 

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

 

Daily Levels for June 14th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Fed Policy Holds Steady Amidst Economic Indicators

June 12th, 2024 Filed under Commodity Brokers, Commodity Trading, Economic Trading, Future Trading News, Futures Broker, Futures Trading, futures trading education, Index Futures, Indices, Nasdaq, S&P 500, Trading Guide | Comment (0)

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Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Bullet Points, Highlights, Announcements

 

 

General: 

 

It’s looking like it’s going to be a slog of a summer for Fed policy as officials once again took a wait-and-see approach as the Federal Reserve left interest rates unchanged in their June decision.

 

Based on the most recent economic data – including this morning’s lower-than-expected Consumer Price Index

reading – the central bank predicted it would cut borrowing costs just once before the end of 2024, a sign that they plan to be patient before turning a corner in their fight against inflation.

 

Powell suggested any change in policy will depend on inflation slowing, but that rate cuts could also come if the job market breaks down unexpectedly.

 

The consumer price index held flat in May though it increased 3.3% from a year ago. Both numbers were 0.1 percentage point below market expectations.

 

Next up tomorrow at 7:30 A.M., Central Time, the Bureau of Labor Statistics releases its latest reading on prices at the wholesale level: its Producer Price Index.

 

Stock Indexes:

 

The E-mini S&P 500 jumped to a record and closed above 5,400 for the first time Wednesday after May inflation data pointed to easing pricing pressures and the Federal Reserve’s latest policy announcement.

 

The E-mini Nasdaq gained about 1.5%. Both the S&P 500 and Nasdaq hit all-time intraday highs and closed at all-time record highs today.

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

 

Daily Levels for June 13th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


FOMC Tomorrow and CPI: Strategies for Trading Amidst Volatility

June 11th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Trading, futures trading education, Trading Guide | Comment (0)

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FOMC and CPI Tomorrow!

CPI will be first and the last 10 CPI or so reports have been pretty volatile with large moves happening as soon as the numbers come out. Be careful of “vacuum”, lack of liquidity for few seconds when the report comes out.

 

Once the report settles, cash stocks open we will have the energy numbers and then a couple of hours before FOMC rate decision…

FOMC Rate decision tomorrow.

The following are my PERSONAL OPINION 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 5325.00 with a stop at 5319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 5319.75 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.

·    Know what the market was expecting, learn what came out and observe market reaction for clues

·    The rate announcement comes out exactly at 1 PM central. As of this morning there is a 99.1% chance of no change in rates.

 

·    Traders will pay EXTRA attention to the language and the Q&A which starts at 1:30 PM Central

 

·    Be patient and be disciplined

 

·    If in doubt, stay out!!

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

 

Daily Levels for June 12th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Deciphering FOMC: Navigating Market Volatility

June 10th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Trading, Trading Guide | Comment (0)

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Trading chart

 

FOMC Week

By John Thorpe, Senior Broker

 

This week’s market moving features will be the closely watched with CPI pre market Wednesday and The FOMC meets Tomorrow and Wednesday.

The FOMC statement released at 1:00 CT on Wednesday will give a close read for any guidance in regard to the interest rate outlook.

This meeting will also be the release of the “Summary of Economic Projections” or SEP

The prior SEP was issued on March 20 and implied three rate cuts of 25 basis points later in 2024. Shortly after that, the data on inflation, the labor market, and economic growth made that projection out-of-date.

It is widely anticipated that the SEP will reduce the forecast for rate cuts to only one or two this year.

Powell’s prepared remarks regarding this rate decision will occur @1:30 CT.

Traders who are well informed know of the Interest Rate decision probabilities “Baked” into the market. They use the CME’s FedWatch tool.. as we do.

If you would like a personal tutorial, please call 800 454 9572 and simply ask for a fed watch tutorial!  The current probability of no rate movement up or down this week is 99.1 %.

If you are curious about the Next fed meeting in July? It’s currently @ 91.1 % probability of stay the same with an 8.9% chance of a .25 reduction.

From a trader’s standpoint, it’s fascinating to watch these percentages change intraday as new data, like the Wednesday CPI release, will undoubtedly change the percentage probabilities for all future FOMC rate decision meetings on the calendar.

Plan your trade and trade your plan

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

 

Daily Levels for June 11th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


NFP Tomorrow, non-farm payrolls + Levels for June 7th Futures

June 6th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Trading, futures trading education, Metal Futures, Trading Guide | Comment (0)

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Listen to our Market Recap Podcasts on Apple Podcasts

 

 

 

NFP tomorrow, FOMC Next Week:

By Mark O’Brien, Senior Broker

 

Tomorrow is the first Friday of the month and for traders it marks the release of the Labor Department’s monthly Non-farm payrolls report.  The report is widely considered to be one of the most important and influential measures of the U.S. economy.  It’s released at 7:30 A.M., Central Time.

 

To review, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites.  The report excludes farm workers, private household employees, domestic household workers and non-profit organization employees.  The report also includes other detailed industry data including the overall unemployment rate as a percentage of the total labor force that is unemployed but actively seeking work, wages, wage growth and average workday hours.

Economists are expecting May job growth of 180,000 payrolls and for the unemployment rate to hold tight at 3.9%

 

If the jobless rate comes in below 4.0 percent as expected, it would mark the 28th consecutive month of sub-4% unemployment, which would be the longest streak in more than 70 years going back to the early 1950’s.

 

General, Part 2:

 

In what could be the turning point in the international fight against inflation, the Canadian central bank cut its interest rate a quarter-point from 5.0% to 4.75%.  It’s that country’s first reduction in four years, making them the first G-7 nation to lower borrowing costs/interest rates following its post-pandemic surge.  Like the U.S., Canada has a 2% target for inflation.

 

Certainly planned well before Canada announced its rate cut, on Thursday the European Central Bank lowered interest rates for the first time in nearly five years which applies across all twenty countries that use the Euro.  The bank’s benchmark deposit rate was lowered from 4% – the highest in the bank’s 26-year history and where the rate had been set since September – down to 3.75%.

 

Last month Sweden’s central bank cut its key interest rate to 3.75% from 4.00% and in what was characterized as a surprise move in March, the Swiss National Bank lowered its main policy rate by 0.25 percentage points to 1.5%.

 

Meanwhile, back in the U.S., there is more reluctance to ease.  Officials at the Federal Reserve are waiting to be more confident that a recent run of stubborn inflation readings will end. The Federal Reserve is not expected to cut rates at either of its next two meetings – including next week’s – and there is debate about whether it will plan to cut rates at all this year.

 

Stock Indexes:

 

Major stock index futures climbed to new all-time highs yesterday as traders continued their buying into the excitement surrounding artificial-intelligence technology.

The June E-mini S&P 500 jumped 1.2% Wednesday to beat its record set two weeks ago. The E-mini Nasdaq rallied even more – 2% – to set its own all-time high.

 

Energies:

 

Crude oil futures rose for the second straight day today, bouncing back from four-month lows after the decision by OPEC+ to increase production triggered a selloff this week.

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

Daily Levels for June 7th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.

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