{"id":20048,"date":"2024-08-28T12:17:58","date_gmt":"2024-08-28T20:17:58","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20048"},"modified":"2024-08-28T12:17:58","modified_gmt":"2024-08-28T20:17:58","slug":"introducing-bitcoin-friday-futures-market-updates-for-aug-29th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/introducing-bitcoin-friday-futures-market-updates-for-aug-29th\/","title":{"rendered":"Introducing Bitcoin Friday Futures & Market Updates for Aug. 29th"},"content":{"rendered":"
Get Real Time updates and more by joining our Private Facebook Group<\/a>!<\/span><\/div>\n
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WYNTK for Aug. 29th ( What You Need to Know)<\/h3>\n

By Mark O’Brien, Senior Broker<\/p>\n

General:<\/strong><\/p>\n

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Starting Monday evening a new futures contract will make its debut.\u00a0 The CME Group will list the Bitcoin Friday Futures contract for trading on the CME Globex electronic trading platform.<\/p>\n

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Similar to the existing Micro-Bitcoin, the Friday futures contract will be sized at 1\/50 of a Bitcoin.\u00a0 The contracts will be cash-settled every Friday against the CME Bitcoin Reference Price, a benchmark for Bitcoin\u2019s spot price.<\/p>\n

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Below you\u2019ll find a link to the CME Group\u2019s Special Report with the details of the new futures contract, including its exchange symbol, trading hours and exchange fees<\/p>\n

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Click here \u2192\u00a0https:\/\/www.cmegroup.com\/notices\/ser\/2024\/08\/SER-9418.pdf\u00a0<\/a><\/p>\n

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Indexes:\u202f\u202f<\/strong><\/p>\n

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Volatility is once again the order of the day for stock indexes as traders wait for the release of Nvidia\u2019s Q2 results.\u00a0 The stock has moved an average of about 8% after earnings over the past 12 quarters, and should that happen again this afternoon, it would result in a market cap move of around $250B, which is bigger than many U.S. companies.\u00a0 Nvidia shares are up a whopping 159% in 2024, accounting for around a quarter of the S&P 500’s YTD return of 18%.<\/p>\n

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Metals:\u202f\u00a0<\/strong><\/p>\n

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Dec. gold<\/a> traded up to its second highest all-time intraday price level of $2,564.30 per ounce early in the session yesterday afternoon before reversing today, likely on a rebound in the dollar, which has tumbled \u00b15% in the last two months and is hovering at 1-year lows<\/p>\n

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Driven by the prospect of upcoming U.S. interest rate cuts, which has pressured the dollar in recent weeks, British Sterling climbed to its highest against the U.S. dollar in more than two years yesterday.<\/p>\n

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Daily Levels for August 29th, 2024<\/h3>\n

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Economic Reports<\/strong><\/div>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/div>\n
All times are Eastern Time ( New York)<\/div>\n
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our\u00a0YouTube Channel Listen to our Market Recap Podcasts on Apple Podcasts       WYNTK for Aug. 29th ( What You Need to Know) By Mark O’Brien, Senior Broker General:   Starting Monday evening a new futures contract will make its […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20048","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=20048"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20048\/revisions"}],"predecessor-version":[{"id":20049,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20048\/revisions\/20049"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}