In This Issue
1. FREE Premium Trading eBook
2. Hot Market report: Shakeup in FOREX Market Hints Raw Commodity Sector Has Bottomed
3. Economic Calendar
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
• A plan with steps that may lead to success
• Steps Towards Mastering your Day Trading
• The top mistakes traders make daily
• How to handle the market noise
• and much more.....
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From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
A feature in the marketplace this week has been a shakeup in the currency markets. The U.S. dollar index has dropped sharply, the Euro currency has rallied sharply, while the Canadian and Australian dollars have also posted impressive gains. Given the already very mature bear market in the raw commodity sector, this week’s action in the FOREX markets is an early clue the raw commodity sector has, or is close to, bottoming out.. Make 2016 a great year!!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 02/08 Mon |
FN: Feb Live Cattle(CME) LT: Mar Sugar-16(ICE) |
|
| 02/09 Tues |
9:00 AM CST - Wholesale Inventories(Dec) 11:00 AM CST - WASDE Report & Crop Production |
FN: Mar Sugar-16(ICE) |
| 02/10 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 9:30 AM CST - API & DOE Energy Stats 1:00 PM CST - Treasury Budget(Jan) 2:00 PM CST - Dairy Products Sales |
|
| 02/11 Thurs |
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 |
LT: Mar Coffee Options(ICE) |
| 02/12 Fri |
7:30 AM CST - Import(ex-oil) & Export(ex-ag) Prices(Jan) 7:30 AM CST - Retail Sales(Jan) 7:30 AM CST - Retail Sales(ex-auto)(Jan) 9:00 AM CST - Business Inventories(Dec) 9:00 AM CST - Mich Sentiment(Feb) |
LT: Feb Lean Hogs(CME) Feb Lean Hogs Options(CME) Mar Cotton Options(NYM) |
| 02/15 Mon |
PRESIDENTS' DAY |
LT: Feb Eurodollar(CME) Feb Eurodollar 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!