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Category Archives: Gold Futures


Futures Trading Levels for Oct. 20th

October 19th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Gold Futures, Metal Futures, Trading Guide | Comment (0)

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The Benefits of Trading Stock Index Futures

Read more about trading stock index futures with Cannon Trading Company here.


Trading stock index futures instead of individual stocks is a strategy that offers several advantages to investors and traders. Stock index futures, such as Nasdaq 100 futures, S&P 500 futures, and Dow Jones futures, allow market participants to gain exposure to a broad market index rather than investing in individual stocks. This approach has gained popularity for several reasons, making it an attractive choice for those looking to diversify their portfolios, manage risk, and potentially achieve better results.

 

  1. Diversification: One of the primary benefits of trading stock index futures is diversification. Instead of investing in a single stock, which can be subject to company-specific risks, trading futures on a stock index provides exposure to a basket of stocks. The Nasdaq 100, S&P 500, and Dow Jones Industrial Average (DJIA) are well-known stock indices, and trading futures on these indices allows traders to benefit from the collective performance of multiple companies. This diversification spreads risk and can reduce the impact of negative news or events affecting individual stocks.

 

  1. Liquidity: Stock index futures are highly liquid, making it easier for traders to enter and exit positions. Liquidity is essential for executing trades at desired prices and minimizing slippage, which can be more challenging when dealing with less liquid individual stocks. The liquidity of index futures also ensures that there are typically tighter bid-ask spreads, reducing transaction costs for traders.

 

  1. Leverage: Stock index futures often require a smaller capital outlay compared to buying a portfolio of individual stocks. This allows traders to leverage their positions, potentially amplifying their returns. However, it’s important to note that leverage also comes with increased risk, so traders should use it judiciously and be aware of the potential for substantial losses.

 

  1. Risk Management: Stock index futures are valuable tools for managing risk. They can be used to hedge an existing stock portfolio or to speculate on market movements. For instance, if an investor owns a portfolio of technology stocks and believes there may be a market downturn, they can use Nasdaq futures to hedge their exposure. If the market declines, gains on the futures position can offset losses in the stock portfolio.

 

  1. Lower Company-Specific Risk: By trading stock index futures, investors can avoid the company-specific risk associated with individual stocks. While stocks can be impacted by events like earnings reports, management changes, or product recalls, these factors have a limited impact on stock index futures. Traders can focus on broader market trends and economic factors when trading futures contracts.

 

  1. 24-Hour Trading: Stock index futures often have extended trading hours, allowing traders to react to global events and news outside regular market hours. This can be advantageous for those who want to stay informed and make trading decisions around the clock.

 

  1. Transparency and Regulation: Stock index futures are traded on regulated exchanges, providing a high level of transparency and oversight. This can instill confidence in traders, knowing that their transactions are conducted in a well-regulated environment.

 

In conclusion, trading stock index futures offers several advantages over trading individual stocks. These futures contracts provide diversification, liquidity, leverage, and risk management benefits. They are especially popular for traders looking to gain exposure to broad market indices like the Nasdaq, S&P 500, and Dow Jones. By trading stock index futures, investors can reduce company-specific risk, manage their portfolios more efficiently, and potentially achieve better risk-adjusted returns. However, like any investment, it is essential for traders to understand the complexities and risks associated with futures trading and to employ sound risk management practices.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

 

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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 ti

Plan your trade and trade your plan.

Download your FREE copy of Order Flow Essentials!

 

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 when it comes to Futures Trading.

Futures Trading Levels

10-20-2023

 

 

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Economic Reports,

Source: 

Forexfactory.com

 

 

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.


Geo Political Situation Moving Prices + Futures Trading Levels for Oct. 19th

October 18th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, Gold Futures, Metal Futures, Trading Guide | Comment (0)

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Geo political situation is taking over….

By Senior Broker, Mark O’Brien

The conflict in the Middle East once again demonstrates the potency of geopolitical events in influencing commodities prices – to the degree that they can overpower other conventional fundamentals.

 

One notable move: on the Sunday, Oct. 7th opening of trading, Dec. gold gapped up ±$16 from its Friday $1845.2 close (and an 11-month intraday low of $1823.50) and today is flirting above $1950 per ounce.

 

Obviously, the most significant event in the midst of the conflict is the overnight hospital bombing in Gaza. That effectively nullified U.S. Secretary of State Antony Blinken’s week-long travels meeting with Arab leaders to try to ease tensions. Cancelled was a summit planned in Jordan on Wednesday between President Biden, King Abdullah II of Jordan, Egyptian President Abdel Fattah el-Sissi and Palestinian President Mahmoud Abbas. All this increases the prospects of a broadening of the participants in the conflict and keeping it the focal point among commodities.

 

What events like those in the Middle East can also do is amplify market movement established by conventional fundamentals. Futures markets already sensitive to global geopolitical events – energies, precious metals, stock indexes, interest rates in particular – can react excessively in the face of the compounding happenings going on.

 

Keep this mind in your trading. Be aware of the potential for expanded price ranges and sharper market turns.

Plan your trade and trade your plan.

Download your FREE copy of Order Flow Essentials!

 

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 when it comes to Futures Trading.

Futures Trading Levels

10-19-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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.


CPI Tomorrow + Futures Trading Levels for Oct. 12th

October 11th, 2023 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Future Trading News, Futures Broker, Futures Exchange, Futures Trading, futures trading education, Gold Futures | Comment (0)

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What you need to know for the last two trading days of the week

 By Mark O’Brien, Senior Broker

 

General: 

 

This morning the Labor Department released data on U.S. producer prices.  It showed a higher-than-expected 0.5% uptick in food and energy prices at the wholesale level.  The so-called core Producer Price Index – a narrower measure that excludes food, energy and trade services – showed a 0.2% increase, which matched forecasts.  Looking at the big picture, the report suggests inflation remains stubborn and the Fed will remain vigilant in it continued efforts to check the U.S. economy with care and reduce inflation.

 

Markets look at the PPI as a leading indicator for inflation, as it gauges a wide variety of costs for pipeline goods that feed to consumer products.

 

In recent days, central bank officials have indicated that they may not need to enact additional hikes as Treasury yields have risen sharply on their own, tightening financial conditions. That in turn has helped assuage market fears, leading stocks higher this week.

 

Tomorrow, The Bureau of Labor Statistics will release its more closely watched Consumer Price Index (CPI) report, which measures the prices paid by consumers for a basket of consumer goods and services.

 

Metals: 

 

Trading off its near one-year lows below $1,825/ounce on Friday, Dec. Gold has raced up ±$70/ounce as the crisis in Israel / Gaza / Lebanon has intensified.  This commodity futures contract will likely show to be more sensitive to the turn of events in the region than any other.

 

Along the same lines, from a from a commodity price influencing perspective, the fighting in Israel / Gaza / Lebanon should have a limited impact on most commodities.  Any sensitivity reactions in the markets will presumably be seen in indexes (seemingly sensitive to anything), energies and some currencies.  Any signs the conflict escalates to involve other notable / regional state / non-state actors, traders should anticipate increased volatility in these market sectors and approach your trading appropriately.

 

Plan your trade and trade your plan.

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 when it comes to Futures Trading.

Futures Trading Levels

10-12-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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.


The Week Ahead: War, CPI, Minutes + Futures Trading Levels for Oct. 10th

October 9th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading, Gold Futures, Trading Guide | Comment (0)

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The Week Ahead: War, CPI, Minutes- watch your blindside

By Senior Broker, John Thorpe

Today, due to the US Holiday, bond markets and US Government offices were closed, volatility in US stocks were muted.

The surprise attack on the State of Israel and official declaration of war over the weekend has the potential to be the main driver in the direction of the equity markets forcing the inflation, deficit, jobs narrative to take a back seat. . When the bond markets open, we will get a much better idea how much as gold did reflect a moderate flight to quality in today’s trade.

Here is a good piece from Fortune mag published over the weekend Attack on Israel: What investors, economists, and strategists are saying | Fortune it’s worth a scan.

Data releases this week will include PPI, CPI , Fed Minutes to be the most impactful.

Wednesday @ 7:30 CDT Producer Price Index values will be released: Producer prices in September are expected to rise 0.3 percent on the month versus a 0.7 percent increase in August. The annual rate in September is seen at 1.7 percent versus August’s 1.6 percent increase. September’s ex-food ex-energy rate is seen rising 0.2 percent on the month and 2.1 percent on the year versus August’s 0.2 percent on the month and 2.2 percent yearly rise.

Also on this day, The Fed minutes will be released @ 1:00 PM CDT: Detailing the issues of debate and consensus among policymakers, the Federal Open Market Committee issues minutes of its latest meeting three weeks after the meeting.

Consumer Price Index CPI Thursday 7:30 am CDT Core prices in September are expected to hold steady at a monthly increase of 0.3 percent to match August’s 0.3 percent increase Overall prices are also expected to rise 0.3 percent on the month after August’s as-expected percent 0.6 increase which hit expectations. Annual rates, at 3.7 percent overall and 4.3 percent for the core in August, are expected 3.6 at 4.1 percent respectively.

Also on this Day and time, Jobless Claims : Jobless claims for the October 8 week are expected to come in at 209,000 versus 207,000 in the prior week.

For the Ag Sector we have the WASDE report, Thursday the 12th as well, this report is released @ 11:00 am CDT.

Watch your blindside and expect more volatility!

Plan your trade and trade your plan.

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 when it comes to Futures Trading.

Futures Trading Levels

10-10-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Download your FREE copy of Order Flow Essentials!

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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.


US$ Moving the markets? + Futures Trading Levels for Sept. 28th

September 27th, 2023 Filed under Commodity Brokers, Commodity Trading, Currency Futures, Day Trading, Energy Futures, Future Trading News, Futures Broker, Futures Trading, Gold Futures, Metal Futures | Comment (0)

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What you need to know for the last two trading days of the month

 By Mark O’Brien, Senior Broker

General: 

 

Thanks in large part to higher yield opportunities, foreign purchases of dollars to buy U.S. treasuries have pushed the U.S. Dollar Index (basis Dec.) to a 10-month high today – trading to an intraday high of 106.24 – a climb of over $7,000 per contract since mid-July.  The Federal Reserve held interest rates steady at their September meeting, but chairman Powell reiterated the Central Bank’s goal of bringing inflation down to its 2% target, so further rate hikes were still on the table and “higher for longer,” remained the clarion call.

 

Currencies: 

 

Conversely, the Euro hit 6-month lows today, down to 1.0538 intraday, marking a ±$9,500 per contract move in a little over two months.  The Japanese yen is threatening its key 150 level, where Japanese officials are seen as potentially intervening to shore up the currency (divide the futures price by 1 to find the conversion rate).

 

Metals: 

 

New highs in the dollar have also translated to new lows in precious metals, particularly gold, which lost ±$29 per ounce today (basis Dec.) and broke through $1,900 per ounce, approaching early-February lows near $1883.  This is a ±$225 per ounce decline (±$22,500 per contract) from its May 4 highs.

 

Energies: 

 

Despite China’s tenuous economy – a key measure of demand for crude oil globally – the supply side of the ledger has been the driving force behind rising energy prices.  Production cuts made by OPEC+ and continuing through year’s end have contributed to a plunge in storage levels in Europe and the U.S. to multi-month lows.  Today the Energy Information Administration reported a crude oil inventory draw of 2.2 million barrels for the week to September 22, spurring a ±$3.50 per barrel advance above $94.00 per barrel intraday (basis Nov.)  Yesterday, the American Petroleum Institute estimated that stocks at the Cushing, Oklahoma hub – where West Texas oil futures deliveries are processed – had slipped to below 22 million barrels, which is on the brink of the minimum operating level for that important terminal.  The crude oil tanks around Cushing have approximately 91 million barrels of storage capacity.

 

Summary: 

 

Futures traders remember the practical rule of thumb to keep an eye on the U.S. dollar.  A stronger dollar in the global market will increase the price of commodities relative to foreign currencies.  The higher price of commodities in foreign currency will work to lower demand and dollar-priced commodities.  For a first-rate overview, check out the piece by Hannah Baldwin with the CME Group and contributed to Reuters: “How a strong dollar affects international currencies & commodities.

 

 

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 when it comes to Futures Trading.

Futures Trading Levels

09-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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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