In This Issue
Monthly Futures Forecast: Olympic Sized Stagflation
Economic Reports and Expiration Notices
Rising inflation and a slowing economy have left central bankers in a tough situation. The US continues to suffer through the doldrums created by the housing slump and credit market turmoil, while other world economies are starting to feel weakness from the housing and credit crises seep into their own economies. Commodity prices have cooled off in the last few weeks, but remain at elevated levels that can still hurt businesses and cause inflation. All this means that central bankers face a long, hot, difficult August in which they will be forced to negotiate the narrow path between growth and inflation, buffeted by events in the equity, FX and commodity markets. The monetary balance is delicate, and any mistakes risk setting off stagflation the likes of which have not been seen since the 1970's.
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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 |
|---|---|---|
| 08/07 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Pending Home Sales(Jun) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Aug Live Cattle(CME)
|
| 08/08 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Productivity-Prel(Q2) 9:00 AM CDT - Wholesale Inventories(Jun) |
LT: Aug CRB Index(ICE)
Aug US Dollar Index Options(ICE) Aug Canadian Dollar Options(CME) Aug Currencies Options(CME) Aug CRB Index Options(ICE) Sep Sugar Options(ICE) Sep Coffee Options(ICE) |
| 08/11 Mon |
|
|
| 08/12 Tue |
7:30 AM CDT - Supply & Demand
7:30 AM CDT - Cotton Ginnings 7:30 AM CDT - WASDE Report & Crop Production 7:30 AM CDT - Trade Balance(Jun) 1:00 PM CDT - Treasury Budget(Jul) |
|
| 08/13 Wed |
7:30 AM CDT - Import & Export Prices(Jul)
7:30 AM CDT - Retail Sales(Jul) 9:00 AM CDT - Business Inventories(Jun) 9:35 AM CDT - API & DOE Energy Stats |
|
| 08/14 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Core CPI & CPI(Jul) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply NOPA Crush |
LT: Aug Lean Hogs(CME)
Aug Soybeans(CBT) Aug Soybean Meal(CBT) Aug Soybean Oil(CBT) Aug Lean Hogs 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!