In This Issue
Listen Live to the S&P Trading Pit
May Forecast: Uncharted Territory
Reports and Expiration Notices
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April saw some markets soar into uncharted territory, erasing the memory of the February correction. Equity indices have shaken off jitters about a US recession and subprime fallout, sending the DJIA to a record high, breaking 13,000, and the Chinese stock market is still going gangbusters. Commodity prices remain elevated as the global economy remains robust, even as the US dollar slipped to an all time low against the Euro (and a 25 year low against the Pound Sterling), reflecting the slowdown in the States. A plethora of potentially market moving events are in store for May, including economic data, geopolitical events, and central bank maneuvers.
Energy
Crude oil futures have remained in a range of $61 to $67 per barrel for the last month, held aloft by continued geopolitical concerns, some unexpected refinery outages, and continued OPEC compliance with cutback goals. Gasoline futures...
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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 |
|---|---|---|
| 05/03 Thu |
7:30 AM CDT - Productivity-Prel
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - ISM Services(Apr) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
| 05/04 Fri |
7:30 AM CDT - Nonfarm Payrolls & Unemploy Rate(Apr) 7:30 AM CDT - Ave Workweek & Hourly Earnings(Apr) |
LT: May Frozen Pork Bellies Options(CME)
May Currencies Options(CME) May US Dollar Index Options(NYBOT) Jun Live Cattle Options(CME) |
| 05/07 Mon |
2:00 PM CDT - Consumer Credit(Mar)
|
|
| 05/08 Tue |
9:00 AM CDT - Wholesale Inventories(Mar)
|
LT: May Cotton(NYBOT)
FN: May Frozen Pork Bellies(CME) |
| 05/09 Wed |
9:30 AM CDT - API & DOE Energy Stats
1:15 AM CDT - FOMC Policy Statement |
|
| 05/10 Thu |
7:30 AM CDT - Export & Import Prices(Apr)
7:30 AM CDT - Trade Balance(Mar) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 1:00 PM CDT - Treasury Budget(Apr) 3:30 PM CDT - Money Supply |
LT: May Orange Juice(NYBOT)
|
* 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!