In This Issue
Reports and Expiration Notices
Don't forget the changes to the market schedules for Easter weekend!
Worries about the subprime mortgage market and a discussion about the potential of recession by citizen Greenspan dented markets in late February, but they recovered from the shock by the end of March. The DJIA recovered about 300 points in March, while the Shanghai market resumed making record highs three weeks after the stock market turbulence. Meanwhile, the spreads between the 2-year and 10-year treasuries began to substantially widen for the first time in seven months after the FOMC softened its stance in its latest statement. Vital housing data and a first look at first quarter GDP in the US and China are among the events that could shape the market in April. Some big Q1 earnings surprises, or unexpected geopolitical news could also set the tone for the month.
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Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein 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!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 04/05 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Apr US Dollar Index Options(NYBOT)
Apr Live Cattle Options(CME) Apr Currency Options(CME) Apr Canadian Dollar Options(CME) May Cocoa Options(NYBOT) |
| 04/06 Fri |
Good Friday
7:30 AM CDT - Nonfarm Payrolls & Unemploy Rate(Mar) 7:30 AM CDT - Ave Workweek & Hourly Earnings(Mar) 9:00 AM CDT - Wholesale Inventories(Feb) 2:00 PM CDT - Consumer Credit(Feb) |
|
| 04/09 Mon |
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| 04/10 Tue |
7:30 AM CDT - Crop Production & WASDE Report 7:30 AM CDT - Supply & Demand |
|
| 04/11 Wed |
9:30 AM CDT - API & DOE Energy Stats
2:00 PM CDT - FOMC Minutes(Mar 21) 2:00 PM CDT - Treasury Budget(Mar) |
|
| 04/12 Thu |
7:30 AM CDT - Export & Import Prices(Mar)
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
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* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** 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 herein 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!