In This Issue
FreeWeek access to EWI's (Elliott Wave Int'l) Commodity Forecasts
Economic Reports and Expiration Notices
We have great news from our friends at Elliott Wave International (EWI)...a FreeWeek of EWI's Commodity Forecasts starts Wednesday, February 6 at noon Eastern and ends Wednesday, February 13 at noon Eastern!
If you've participated in one of their FreeWeeks before, you know what to expect. If this is your first time, you're in for quite a treat!
Anyone with a free Club EWI membership gets complete access to Elliott Wave International's Daily Futures Junctures and Monthly Futures Junctures. Senior Analyst Jeffrey Kennedy scours the markets to find the best commodity opportunities and serves them up to you on three different time frames at no cost!
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Volatility continues to flare up throughout the economy, despite the best efforts of the Fed to appease markets by slashing interest rates 125 basis points in the last ten days of January. The month was one of the worst starts to a year in memory, with the S&P 500 index ending down 6.1% for the month and the Nasdaq down about 9.9% (Nasdaq's worst January ever). A rising tide of negative economic data has led to growing speculation regarding a US recession, with some economists already pronouncing (unofficially) that the recession began in November. Upcoming developments over the next four weeks, including the release of key economic data, more earnings reports and significant political events, could all affect the course of the markets. With the United States facing a weaker dollar and creeping inflation, the bulls may be hoping for strong words at this month's G-7 meeting as well as a bond insurer rescue package to drag the economy back from the brink of recession.
Politics
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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 |
|---|---|---|
| 02/07 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 9:00 AM CST - Pending Home Sales(Dec) 9:30 AM CST - EIA Gas Storage 2:00 PM CST - Consumer Credit(Dec) 3:30 PM CST - Money Supply |
FN: Feb Live Cattle(CME)
|
| 02/08 Fri |
7:30 AM CST - Crop Production & WASDE 7:30 AM CST - Supply & Demand 7:30 AM CST - Dairy Products Prices 7:30 AM CST - Cotton Ginnings |
LT: Feb CRB(ICE)
Feb US Dollar Index Options(ICE) Feb Canadian Dollar Options(CME) Feb Currrency Options(CME) Feb CRB Options(ICE) Mar Sugar Options(ICE) Mar Coffee Options(ICE) Mar Cotton Options(ICE) |
| 02/11 Mon |
|
LT: Mar Brent Crude Options(ICE)
|
| 02/12 Tue |
1:00 PM CST - Treasury Budget(Jan)
|
LT: Feb Gas Oil(ICE)
|
| 02/13 Wed |
7:30 AM CST - Retail Sales(Jan) 9:00 AM CST - Business Inventories(Dec) 9:30 AM CST - API & DOE Energy Stats |
|
| 02/14 Thu |
7:30 AM CST - Trade Balance(Dec)
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply NOPA Crush Valentines Day |
LT: Feb Lean Hog Options(CME)
Feb Lean Hogs(CME) Mar Crude Oil Options(NYM) |
* 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!