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November 3rd, 2017 Newsletter

November December Global Market Outlook by TradeTheNews.com on what moves currencies, futures, commodities and other markets. A look at US Treasury bond futures chart along with first day and last trading day for various futures and commodities.


November 3, 2017 - Issue #898

In This Issue

1. Global and US Market Outlook for Nov-Dec
2. Hot Market report: US Treasury Bonds Trading Against Decision Levels
3. Economic Calendar

International Clients: Please be aware that U.S. Daylight Saving Time will end on Sunday, November 5, 2017.

1. Global and US Market Outlook for Nov-Dec

By TradeTheNews.com

TTN November-December 2017 Outlook: The Art of the Deal

For the next couple of months the macro news cycle will be focused on the progress of a number of significant political and economic deals that have been under intense negotiation. From to the tax reform bill in Washington, to the oil producers’ production accord, to the Brexit talks in Europe, key deals with global implications will see major developments in the weeks ahead. Central banks are also in the process of completing their bargain with the markets: having spared the world from a depression by implementing extreme accommodation, some monetary policy authorities have begun withdrawing stimulus now that the danger has passed.

Developments on all of these fronts will play a strong part in market movements as 2017 comes to a close. Interest rates will be gradually rising as central banks wean the markets off accommodation, while the steady rise in stocks could see a correction if the bond yield curve doesn’t steepen or if some political deals and promised fiscal measures hit roadblocks.

Win-Win-Win

Oftentimes deals with international implications can take longer than expected, and the renegotiation of NAFTA is a prime example. Early on in the Trump Administration,

...read the rest

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2. Hot Market Report: US T-Bonds Facing Resistance/Decision Point

By John Thorpe, Senior Broker

Click on image below to enlarge

bond futures; What a symmetrical chart! I think we can all appreciate markets that provide a logical, rational appearance even though markets do tend to irrationality. This market has absorbed key Macroeconomic information most notably the appointment of a successor to Janet Yellen, Jerome “Jay” Powell. As such, the dovish tone of that selection, rather than the potential appointment of Taylor (perceived to be more of a Hawk) has lifted prices to the higher end of the range in the 154.00 area, I would look for this market to “prepare for the next fed rate decision in December and work toward the lower end of the range toward the 150.00 area. As once again, the reality of rate increases will be the dominant factor affecting prices in the near term. Have a great weekend everybody and even a better trading week ahead.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
11/03
Fri
7:30 AM CDT - Ave Workweek & Hourly Earnings(Oct)
7:30 AM CDT - Nonfarm Payrolls(Oct)
7:30 AM CDT - Trade Balance(Sep)
7:30 AM CDT - Unemployment Rate(Oct)
9:00 AM CDT - Factory Orders(Sep)
9:00 AM CDT - ISM Services(Oct)
LT: Nov Canadian Dollar Options(CME)
Nov Currencies Options(CME)
Nov Mx Peso Options(CME)
Nov US Dollar Index Options(ICE)
Nov Live Cattle Options(CME)
Dec Cocoa Options(ICE)
11/06
Mon






11/07
Tue
9:00 AM CST - JOLTS - Job Openings(Sep)
2:00 PM CST - Consumer Credit(Sep)
3:30 PM CST - API Energy Stocks



11/08
Wed
6:00 AM CST - MBA Mortgage Applications Index
9:30 AM CST - EIA Petroleum Status Report
2:00 PM CST - Dairy Products Sales



11/09
Thu
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
9:00 AM CST - Wholesale Inventories(Sep)
9:30 AM CST - EIA Natural Gas Report
11:00 AM CST - WASDE Report & Crop Production
3:30 PM CST - Money Supply
LT: Nov Orange Juice(ICE)


11/10
Fri
9:00 AM CST - Mich Sentiment-Prelim(Nov)


LT: Nov Eurodollar Options(CME)
Dec Cotton Options(NYM)
Dec Coffee Options(ICE)
11/13
Mon



LT: Nov Eurodollar(CME)
Nov Mx Peso(CME)

11/14
Tue
7:30 AM CST - Core PPI & PPI(Oct)
3:30 PM CST - API Energy Stocks

LT: Nov Canola(CBT)
Nov Rough Rice(CBT)
Nov Soybeans(CBT)
11/15
Wed
6:00 AM CST - MBA Mortgage Applications Index
7:30 AM CST - Core CPI & CPI(Oct)
7:30 AM CST - Empire Manufacturing(Nov)
7:30 AM CST - Retail Sales(Oct)
7:30 AM CST - Retail Sales Ex-Auto(Oct)
9:00 AM CST - Business Inventories(Sep)
9:30 AM CST - EIA Petroleum Status Report
11:00 AM CST - NOPA Crush
2:00 PM CST - Diary Product Sales
3:00 PM CST - Net Long-Term TIC Flows(Nov)
LT: Nov Lumber(CME)
Dec Crude Lt Options(NYM)
Dec Platinum Options(NYM)
Dec Palladium Options(NYM)
Dec Sugar-11 Options(ICE)
11/16
Thu
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - Export(ex-ag) & Import(ex-oil) Prices(Oct)
7:30 AM CST - Philadelphia Fed(Nov)
8:15 AM CST - Capacity Util & Industrial Prod(Oct)
9:30 AM CST - EIA Natural Gas Report
3:30 PM CST - Money Supply
FN: Nov Lumber(CME)
Dec Cocoa(ICE)
LT: Nov Feeder Cattle(CME)
Nov Feeder Cattle Options(CME)
FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The release dates for certain economic reports may have been rescheduled.

* 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!

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