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Tag: Economic Reports

Crude Oil Futures Flirts with $60 Mark for First Time in Over 30 Months

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Trading was MUCH lighter today than normal…mini SP volume is normally above 1,000,000 contracts per day. Today volume was approx. 300000.

I suspect the lower volume to continue until next Tuesday when we start trading for 2018.

Don’t confuse low volume with “dead price action”. The lower volume can sometimes help exaggerate price moves when certain news or events take place.

The market of today, was definitely crude oil (yes not bitcoin futures this time…). The front month, February touched 60.01 for the first time in
months, maybe couple of years…

Daily chart for review below:

Crude Light(Globex), Equalized Active Daily Continuation Daily Chart

Continue reading “Crude Oil Futures Flirts with $60 Mark for First Time in Over 30 Months”

Holiday Trading Schedule 12.21.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Please have a Safe and Happy Holiday!!

From the CME Globex Control Center, executive summary:

Fri. Dec. 22 = mostly REGULAR closes, (couple early)

— 12:05 early for grains

— 12:15 early for livestock

— ALL others = REGULAR close

Mon. Dec. 25 (day) = CLOSED, all mkts.

Mon., Dec. 25 (night) = NORMAL opening and pre-opening for all – EXCEPT grains and livestock remain closed.

Tues., Dec. 26 = grains and livestock 8:30 a.m. market opening.

Continue reading “Holiday Trading Schedule 12.21.2017”

Trade Bitcoin Futures 12.19.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Christmas Holiday trading Schedule is now available! 

Bitcoin updates:

The CBOE 1 bitcoin contract been trading  a full week. The CBOE contract represents one bitcoin while the CME contract represents 5 bitcoins.

We saw approx. 4250 contracts traded on the January contract of the CBOE today.

We saw approx. 1076 contracts traded on the January contract of the CME today, the contract’s first day.

Open an Account to Trade Bitcoin Futures:

In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with $10,000 min. to trade CBOE and $50,000 min. to trade the CME contract.

If you already have an account with us, please communicate with your broker to make sure you are set up to trade these contracts, discuss risks and more.

Here’s the link to the on-line account application  (takes about 15-20 mins.)

Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.

If you have ANY questions, feel free to call, chat or contact us!

Continue reading “Trade Bitcoin Futures 12.19.2017”

FOMC Tomorrow, March is the Front Month for Stock Indices 12.13.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

March is now the FRONT MONTH for all e-mini contracts. March is H8

so YMH8 is the March mini Dow futures 

Tomorrow FOMC announcement. Thursday several European countries will conclude their rate meetings.

I suspect we should see some heightened volatility.

Watch the video and read more at: 

https://activetrader.cmegroup.com/infocus/story?id=528

US bonds daily chart for review ahead of tomorrow:

US Bonds Daily Chart

Continue reading “FOMC Tomorrow, March is the Front Month for Stock Indices 12.13.2017”

Bitcoin First Day, USDA Report Tomorrow, March is the Front Month for Stock Indices! 12.12.2017

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

March is now the FRONT MONTH for all e-mini contracts. March is H8

so YMH8 is the March mini Dow futures

Market Movers: December 12 Crop Report

  • By CME Group
  • Topics: Agriculture

Industry experts Dave Hightower, of The Hightower Report, and Virginia McGathey, President of McGathey Commodities, preview the December 12 USDA report discussing corn and soybean yields in advance of its publication.

Watch the Video!

Bitcoin updates:

The CBOE 1 bitcoin contract launched last night in what I consider a relatively successful first day. The CBOE contract controls one bitcoin while the CME contract set to launch this coming Sunday evening controls 5 bitcoins.

We saw approx. 4000 contracts traded on the January contract of the CBOE with a high of 18850 and a low of 15,000 ( where the market opened…) The contract is very volatile and the bid-ask spread is still wide.

Continue reading “Bitcoin First Day, USDA Report Tomorrow, March is the Front Month for Stock Indices! 12.12.2017”

Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

  • 4 Dec 2017
  • By Erik Norland
  • Topics: FX, Equity Index, Metals

Our previous article on bitcoin focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange and a store of value. This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to commodities.

What is most striking about the economics of bitcoin is the certainty of its supply and the vagaries of demand. The rate at which bitcoin is mined has been highly predictable and unlike almost any other asset – currencies or commodities – its ultimate supply is a known quantity, fixed well in advance. There will never be more than 21 million bitcoins. This feature makes supply almost perfectly inelastic. No matter how high prices go, miners will not produce more than 21 million coins. Moreover, price increases won’t necessarily incentivize a more rapid mining of bitcoin. Even if they did, it would only influence miners to create more bitcoin today at the expense of creating less in the future since the total supply will reach a hard, asymptotic limit of 21 million coins…..Read the Rest

The New Account Application

In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with the minimums listed above

Here’s the link to the on-line account application (takes about 15-20 mins.)

Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.

If you have ANY questions, feel free to call, chat or contact us!

Continue reading “Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls”

More on bitcoin futures! and Futures Trading levels for 12.07.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

TRADE SMART / BASE TRADING ON ACTUALS ONLY — for the  current rankings  as well as actual performance of trading systems traded at Cannon click here .

Cannon Trading Co, Inc. is registered with the CFTC and a member of the NFA. 

Last but not least…Bitcoin futures updates

CBOE to launch bitcoin futures on Dec. 10th. This will be the “mini” contract, controlling one bitcoin. We will offer access via most platforms hopefully as early as Monday Dec. 11th pending successful testing.

CME will launch its bitcoin contract on Dec. 17th ( Sunday night). This contract will control 5 bitcoins. Currently margin for large contract set approx. at $20k and for the mini at $5k.

I would highly recommend to use patience and observe trading, liquidity, bid-ask spread and more for a few days before jumping in, especially if you are on the “greener side of futures” or not well capitalized. We are here to share feedback, talk and try to help in any way we can.

You should be able to trade, day trade and trade options on bitcoin futures as long as you have the proper margin in the account.

Here is more specifically regarding the CBOE bitcoin contract. This applies for users of our E-Futures Int’l platform. Users of other platforms, please consult with your broker.

The CBOE will launch the Bitcoin Futures contract December 10, 2017.   The following link is to the CBOE Bitcoin information page http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=vanity-url&utm_source=na    We will be offering the CBOE Bitcoin via our platform, however, until live data is provided, the contract cannot be fully tested and proper due diligence performed, therefore, there will be a slightly delay in offering.  We do expect the contract to be tested and available within the first few days of trading.  We will keep you updated on the availability.

The CBOE has set initial margin at 44% of the current daily settlement price:

Yesterday’s bitcoin Settlement Price = $11,595.00

Price Fluctuation = $1.00 per Bitcoin

Contract Value = $11,595.00

Initial Margin = $5,101.80

As this is a new contract, with a highly volatile underlying contract, We will initially be setting the following Margin  Requirements:

Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin

Overnight Margins 5:00pm CT – 7:00am CT – 125% of Exchange Initial Margin

We will keep you updated on any changes or developments.

If you don’t have an account set up with us, all you need to do is fill out the online application  get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you….

If you have ANY questions, feel free to call, chat or contact us!

Continue reading “More on bitcoin futures! and Futures Trading levels for 12.07.2017”

Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018. 

Saudi Arabia: Turbulence on the Horizon?

  • 21 Nov 2017
  • By Erik Norland
  • Topics: Economic Events

There is considerable change underway in Saudi Arabia, from how the country is governed and managed to an even more activist role in the politics of the volatile Middle East. Options markets, however, appear to be almost entirely unconcerned about recent developments in the country, the world’s largest exporter of crude oil and a key U.S. ally in the Middle East.

At-the-money implied volatility on West Texas Intermediate (WTI) Crude Oil options has been trading near its lowest point since late 2014 and is well below its long-term average.  For example, on November 17, 90-day WTI options closed at 23% implied volatility, well below their 31% average so far this decade (Figure 1).  Are markets too complacent in the face of potential political disruption in Saudi Arabia and its neighboring countries. READ THE REST

Continue reading “Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017”

The future of bitcoin is bitcoin futures + Futures Trading levels for 11.29.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018.

A good article about the future of Bitcoin for your reading pleasure!

The future of bitcoin is Bitcoin futures!

Continue reading “The future of bitcoin is bitcoin futures + Futures Trading levels for 11.29.2017”

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.