In This Issue
1. Top 5 Commodities to Watch
2. The Revealing Report the Fed Doesn't Want you to Read, Part I
3. Economic Calendar
This week's "Top 5 Commodities to Watch", an article written by Cannon Trading's senior broker John D. Thorpe, was featured on the Financial Edge section of Investopedia. John introduces Gold, Live Cattle, Corn, Sugar, and energies like Crude Oil, Unleaded Gas and Heating Oil as the commodities to watch over the next month. He then breaks down why investors should be paying attention, citing a variety of international price pressures, seasonal tendencies, and recent government data.
The world's foremost Elliott wave expert goes "behind the scenes" on the Federal Reserve By Elliott Wave International
The ongoing economic problems have made the central bank's decisions -- interest rates, quantitative easing, monetary stimulus, etc. -- a permanent fixture on six-o'clock news.
Yet many of us don't truly understand the role of the Federal Reserve.
For answers, let's turn to someone who has spent a considerable amount of time studying the Fed and its functions: EWI president Robert Prechter.
Today we begin a 3-part series that, we believe, will help you understand the Fed as well as Prechter does.
Here is Part I; come back next week for Part II.
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 |
| 11/11 Fri |
VETERANS DAY 8:55 AM CST - Mich Sentiment(Nov) | LT: Nov Eurodollar Options(CME) Dec Cotton Options(CME) Dec Coffee Options(ICE) |
| 11/14 Mon |
7:30 AM CST - NOPA Crush | LT: Nov Eurodollar(CME) Nov Rough Rice(CBT) Nov Soybeans(CBT) |
| 11/15 Tue |
7:30 AM CST - Core PPI & PPI(Oct) 7:30 AM CST - Empire Manufacturing(Nov) 7:30 AM CST - Retail Sales(Oct) 7:30 AM CST - Empire Manufacturing(Nov) 9:00 AM CST - Business Inventories(Sep) | LT: Nov Lumber(CME) Dec Crude Lt Options(NYM) Dec Sugar-11 Options(CME) |
| 11/16 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:30 AM CST - Core CPI & CPI(Oct) 8:00 AM CST - Net Long-Term TIC Flows(Sep) 8:15 AM CST - Capacity Util & Industrial Prod(Oct) 9:00 AM CST - NAHB Housing Market Index(Nov) 9:30 AM CST - API & DOE Energy Stats | FN: Nov Lumber(CME) Dec Cocoa(ICE) LT: Dec Platinum Options(CMX) Dec Palladium Options(CMX) |
| 11/17 Thu |
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Building Permits & Housing Starts(Oct) 9:00 AM CST - Philadelphia Fed(Nov) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply | LT: Nov Feeder Cattle(CME) Nov Feeder Cattle Options(CME) |
| 11/18 Fri |
7:30 AM CST - Dairy Products Prices 9:00 AM CST - Leading Indicators(Oct) 2:00 PM CST - Cattle On Feed 2:00 PM CST - Milk Production | LT: Dec Crude Lt(NYM) Nov DJIA Options(CME) Nov Nikkei Options(CME) Nov S&P 500 Options(CME) Nov E-Mini S&P 500 Options(CME) Nov NASDAQ Options(CME) Nov E-Mini NASDAQ Options(CME) Nov Russell Options(CME) Nov Value Line Options(CME) Dec Orange Juice Options(ICE) |
| 11/21 Mon |
9:00 AM CST - Existing Home Sales(Oct) | FN: Dec Coffee(ICE) |
| 11/22 Tue |
7:30 AM CST - GDP-Second Estimate(Q3) 7:30 AM CST - GDP Deflator-Second Estimate(Q3) 1:00 PM CST - FOMC Minutes 2:00 PM CST - Cold Storage | FN: Dec Crude Lt(NYM) LT: Dec Gold Options(CMX) Dec Silver Options(CMX) |
| 11/23 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:00 AM CST - Census Crush 7:00 AM CST - Cotton Consumption 7:30 AM CST - Durable Orders(Oct) 7:30 AM CST - PCE Prices-Core(Oct) 7:30 AM CST - Personal Income & Spending(Oct) 7:30 AM CST - Initial Claims-Weekly 8:55 AM CST - Michigan Sentiment-Final(Nov) 9:30 AM CST - API & DOE Energy Stats 12:00 PM CST - EIA Gas Storage | FN: Dec Cotton(CME) LT: Dec Copper Options(CBT) Dec KC Wheat Options(CBT) Dec Natural Gas Options(NYM) |
| 11/24 Thu |
Thanksgiving Day |
* 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!