In This Issue
June Forecast: The Commodities Strike Back
Hot Market Report: 10yr Treasury Notes
Economic Reports and Expiration Notices
by Trade The News
Markets seesawed through the first half of May, until rising commodity prices finally caught up with equities causing a mid-month slide. As crude backed off highs above $135/bbl at the end of the month, equities found new life, ending down only fractionally for the month. Meanwhile, bond market yields rose, with the 10 year yield moving above 4%, and the USD managed to hold firm near the 1.55 level against the euro thanks to the continuing decoupling of the dollar from oil. June could see more volatility in markets as the battle between inflation and growth plays out in key earnings reports, central bank decisions and economic data.
Read the complete version of June Forecast: The Commodities Strike Back for free. Topics include: earnings, commodities, economic data and the Fed, Forex and Foreign Central Banks, and the Calendar of Notable Events for June.
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| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 06/05 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 |
|
| 06/06 Fri |
7:30 AM CDT - Nonfarm Payrolls & Unemploy. Rate(May) 7:30 AM CDT - Ave. Workweek & Hourly Earnings(May) 7:30 AM CDT - Dairy Products Prices 9:00 AM CDT - Wholesale Inventories(Apr) 2:00 PM CDT - Consumer Credit(Apr) |
LT: Jun LC Options(CME)
Jun US Dollar Index Options(ICE) Jun Canadian Dollar Options(CME) Jun Currencies Options(CME) Jul Cocoa Options(ICE) |
| 06/09 Mon |
9:00 AM CDT - Pending Home Sales(Apr)
|
|
| 06/10 Tue |
7:30 AM CDT - WASDE Report & Crop Production 7:30 AM CDT - Supply & Demand 7:30 AM CDT - Trade Balance(Apr) |
|
| 06/11 Wed |
9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - Fed's Beige Book 1:00 PM CDT - Treasury Budget(May) |
|
| 06/12 Thu |
7:30 AM CDT - Export & Import Prices(May)
7:30 AM CDT - Retail Sales(May) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Business Inventories(Apr) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Jun Live Cattle(CME)
LT: Jun Nikkei 225(CME) Jun Nikkei 225 Options(CME) |
* 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!