Direct updates on critical contract expirations, roll dates & more
Wednesday, November 20th marks the Last Trade Date for the December 2019 Crude Oil futures contract. Active CL traders can roll to the January 2020 contract as early as Thursday, November 14th, before the open.Read More
Analysts expect Friday’s employment report to show less than 100k new jobs added in October. The consensus estimate at the moment is 85k new jobs with a slight uptick in the unemployment rate. The uptick in unemployment is no surprise, given the record low 3.5% was reached last month.Read More
At the conclusion of tomorrow’s Federal Reserve meeting, another rate cut will likely be announced. The CME’s Fedwatch Tool is showing a 97.5% chance of a rate cut occurring, a near certainty in the market’s eyes.Read More
Tuesday, October 29th marks the Last Trade Date for the November 2019 Natural Gas futures contract. Active NG traders can roll to the December 2019 contract as early as Thursday, October 24th, before the open. Read More
Tuesday, October 22nd marks the Last Trade Date for the November 2019 Crude Oil futures contract. Active CL traders can roll to the December 2019 contract as early as Thursday, October 17th, before the open. Read More
In our last employment report preview, we discussed the drop in domestic manufacturing and the impact that would have on the markets. On Tuesday, ISM reported the manufacturing index fell to 47.8%, the lowest since 2009 when the great recession was ending.
The selloff in markets the last two days has been attributed partly to this low manufacturing number as it implies third quarter growth will also be lower. It also dispels the notion that the US was isolated from the global slowdown many other countries have been seeing.Read More
Monday, September 30th marks the first notice for the October Gold Futures Contract. GC Traders can roll to the succeeding contract before the open on Wednesday, September 25th.Read More
Thursday, September 26th marks the Last Trade Date for the October 2019 Natural Gas futures contract. Active NG traders can roll to the November 2019 contract as early as Monday, September 23rd, before the open.Read More
The CME FedWatch is currently indicating a 61% likelihood that the FOMC will cut the federal funds rate at the conclusion of their two-day meeting Wednesday afternoon. If implemented, the new target interest rate would be between 175-200 basis points.
Assuming the Fed does indeed lower rates, the language used in their post-meeting press conference will be the focus of the market. Read More
Friday, September 20th marks the Last Trade Date for the October 2019 Crude Oil futures contract. Active CL traders can roll to the November 2019 contract as early as Tuesday, September 17th, before the open. Read More