Fed Chair Powell's testimony begins tomorrow, coinciding with rising volatility in the market. Recent U.S. military actions against Iran's nuclear facilities may have significant implications for oil prices, fertilizer supply chains, and overall market stability. Stay informed about these developments and prepare for potential trading opportunities. #Iran#OilMarkets#GeopoliticalRisk#FertilizerSupply#MarketVolatility
Second day of Powell testimony is tomorrow. Crude oil numbers as well. Levels for tomorrow along with short piece on the VIX on our blog. Coffee daily chart below:
Cannon Futures Weekly Letter In Today's Issue #1248 The Week Ahead - 4th of July Hours, NFP on Thursday Futures 102 - Podcast - Day Trade Futures Part 1 Hot Market of the Week - Sept. Brazilian Real Broker's Trading System of the Week - Bund Swing Trading System Trading Levels for Next Week Trading Reports for Next Week
4th of July Holiday Trading Schedule: Globex: Grains Friday - Closed Sunday - 7:00 p.m. CT Re-open Livestock Friday - Closed Monday - 8:30 a.m. CT Re-open Cryptocurrencies Friday - 12:00 p.m. CT Close Sunday - 5:00 p.m. CT Re-open Energy Friday - 12:00 p.m. CT Close Sunday - 5:00 p.m. CT Re-open FX Friday - 12:00 p.m. CT Close Sunday - 5:00 p.m. CT Re-open Interest Rates Friday - 12:00 p.m. CT Close Sunday - 5:00 p.m. CT Re-open Metals Friday - 12:00 p.m. CT Close Sunday - 5:00 p.m. CT Re-open Stock Indices Thursday - 12.15 p.m. CT Close Thursday – 5.00 p.m. CT Re-open Friday - 12:00 p.m. CT Close Sunday - 5:00 p.m. CT Re-open ICE US Sugar, Coffee, Cotton, Cocoa, FCOJ Friday - Closed Monday - Regular Hours (Cotton re-open at 7.00 a.m. CT) Canola Friday - Regular Hours U.S. Dollar Index Friday - 12:00 p.m. CT Close Sunday - 5:00 p.m. CT Re-open
NFP is tomorrow rather than the usual Friday release! Stock index futures will close early tomorrow at 12:15 Central time Take care that the markets are in “holiday mode,” meaning trade participation and thus liquidity can decrease into the Independence Day holiday on Friday. This is more relevant than usual in that it comes along with the early release of this month’s employment report. U.S. June Non-Farm Payrolls data will be released tomorrow morning at 7:30 A.M., Central Time, a day earlier that its typical first-Friday-of-the-month release. Economists are forecasting non-farm payrolls to come in at +110,000 compared to the previous month's +139,000. The June jobless rate is expected at 4.3%, up +0.1% compared to the previous month. Average hourly earnings are expected up +0.3% month over month. On top of that, weekly Jobless Claims will be released simultaneously