GlobalFutures.com Official Website - Futures and Forex Deep Discount Trading Firm
Monday, May 12, 2008
Issue: 302
   
Weekly Economic Calendar
Date ET Release For Consensus Prior

May 12

14:00

Treasury Budget

Apr

$157.5B

$177.7B

May 13

08:30

Export Prices ex-ag.

Apr

NA

1.2%

May 13

08:30

Import Prices ex-oil

Apr

NA

1.1%

May 13

08:30

Retail Sales

Apr

0.0%

0.2%

May 13

08:30

Retail Sales ex-auto

Apr

0.2%

0.1%

May 13

10:00

Business Inventories

Mar

0.5%

0.6%

May 14

08:30

Core CPI

Apr

0.2%

0.2%

May 14

08:30

CPI

Apr

0.3%

0.3%

May 14

10:30

Crude Inventories

05/10

NA

5654K

May 15

08:30

Initial Claims

05/10

NA

365K

May 15

08:30

NY Empire State Index

May

1.0

0.6

May 15

09:00

Net Foreign Purchases

Mar

NA

$72.5B

May 15

09:15

Capacity Utilization

Apr

80.2%

80.3%

May 15

09:15

Industrial Production

Apr

-0.2%

0.3%

May 15

10:00

Philadelphia Fed

May

-20.0

-24.9

May 16

08:30

Building Permits

Apr

912K

927K

May 16

08:30

Housing Starts

Apr

940K

947K

May 16

10:00

Mich Sentiment-Prel.

May

63.0

NA

 
E-mini Futures Commentary
-Andrey Korchnoy, CTA/Sr. Systems Analyst 
U.S. stocks fell, sending the market to its first weekly drop in a month, after American International Group Inc. said it needs to raise $12.5 billion to cover write-down’s and concern that the rally in commodities will end grew. Economic reports next week will probably show sales at U.S. retailers slumped in April and housing starts fell to a 17-year low, according to economists surveyed by Bloomberg News.
Soybean Futures Commentary
- Douglas McWilliams, Sr. Broker
July soybeans closed Friday May 2nd at a price of 1304 1/2. Monday, May 5th, July soybeans opened at 1301. Soybeans traded lower most of they day. Analysts claim it was a quiet news day, but weakening export demand helped push prices lower. Analysts also claim the delays in planting corn raised concerns that more soybean acres could be planted in the coming weeks. Soybean prices were supported from strength in outside markets such as crude oil and gold. July futures closed Monday at 1286; down 18 1/2 cents. Analysts cited similar reasons for the direction of prices on Tuesday.
Gold Futures Commentary
- Trenton Kimminau, Margins Analyst/Futures Broker
Gold futures had a strong week and closed Friday at 885.8. Gold prices were supported by rising crude oil prices and weakness in the U.S. dollar the last two days of the week. June futures reached as high as 890.8 in early trading on Friday. A wave of selling pressure brought prices down to 871.0, mid-day before prices found support on the stronger crude prices. The U.S. dollar index, which had found strength the first part of the week, ended Friday lower. This also seemed to pull gold back up from support around 870. June futures gained 27.8 point from the previous week.
Crude Oil Futures Overview
- Andrey Korchnoy, CTA/Sr. Systems Analyst
Crude oil rose above $126 a barrel in New York to a record as the dollar weakened against the euro, prompting investors to buy commodities as a hedge against the currency's decline. For a fifth day oil climbed to all-time highs as the euro strengthened on signs the European Central Bank will keep rates at a six-year high to cut inflation.
Currency Futures Overview 
- Andrey Korchnoy, CTA/Sr. Systems Analyst 
The dollar lost against the euro, and the yen increased against the euro, posting its biggest weekly gain since January, as renewed concern that credit market losses are spreading spurred investors to sell higher-yielding assets. Canada's dollar rose, snapping a two- day losing streak, after a government report showed employers added more jobs in April than economists forecast. The pound fell against the euro, posting its first weekly decline in a month, on speculation signs the economy is faltering will prompt the Bank of England to resume cutting interest rates.
ITTI's Top Systems 
 
Our Featured Automated Systems Vendor: ITTI
 
Top Futures Systems of the Last 12 Months
 
 
Click on any of the above systems to view complete report. Past performance in not necessarily indicative of future results.  Please review the entire ITTI Systems Risk Disclosure at the bottom of this email.  Hypothetical performance results last updated 5/11/2008.
In This Week's Issue


Contact Us

877.367.3177 USA/Canada
+1.818.728.0415 International
www.GlobalFutures.com

For questions regarding this week's newsletter, click here.






We Speak Your Language!

English, Italian, French, German, Tagalog, Spanish, Armenian, Vietnamese, Cantonese, Farsi, Swedish, Russian, Finnish, Portuguese, Danish, Turkish, Norwegian, Czech, Arabic, Slovak

Free Resources

Daily Pivot Points

Contract Specifications

Learn About the E-Minis

Margins

Futures Glossary

Futures Dictionary

Contract Symbols

Monthly Symbols

Frequently Asked Questions

Technical Support


Do you have a friend who would be interested in receiving a copy of this newsletter?

Email this issue to a friend!


Got Questions?

Ask a Registered Broker!
Click here.


Contributors Wanted!

We are actively seeking authors, commentaries and suggestions for our newsletter.  To submit a commentary for use in our newsletter or to provide suggestions, comments or feedback, click here.
 
Full credit will be given to any author whose submitted commentary and/or article we choose to use in our newsletter.
 

Subscribe to this newsletter



 

 

 

 

 

 

 

 

 

 

 

 

 

 





 

 

ITTI

Hypothetical performance results last updated 5/4/2008. Please note past performance does not guarantee future results and no such claims are being made or implied. There is a risk of loss in futures, forex and systems trading. All demo accounts used to display the performance results of these trade recommendations for use in conveying to you the value of the system and all trading records presented on this website are hypothetical. The systems performance shown does not consider systems subscription fees and includes $25 allowance per trade for slippage, commissions and fees.

$300 Day Trading Margins
*Requesting for day trading margins does not indicate a customer’s trading activity will be more profitable and/or losses will be limited. Customer acknowledges the high degree of risk involved in commodity futures and options trading are not decreased by having liberal day-trading margins, nor does it guarantee or assume that the customer will make a profit and/or limit his losses. You should not request for this promotional item unless you agree that it is suitable for you. Exchange minimum margins for overnight trading apply. The $300 day trading margins are only available to PATS clients. The margins are only valid for up to 20 lots for clients in the U.S. and up to 10 lots for clients outside of the U.S. Margins are subject to change without notice. Please consult your broker for more detailed information. Additional restrictions may apply.

**Trading signals are executed by ITTI signals through ITTI recommended auto trading platforms.

Free Live Simulated Trading Account Offer
There is no charge for the 30-day live simulated trading account on our Global Strategy Trader platform. However, there is a fee in order to utilize our trading systems and portfolios.

Exchange Fee Program
Minimum Account Size $5,000. CME Membership is valid for Corporation, Limited Liability Company, Limited Partnership and General Partnership accounts only. CBOT Memberships are available to individual and corporate accounts. Subject to approval and availability by CME & CBOT. Additional restrictions may apply. For more information, please contact our office.

Please note: Statements in this news release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q, which can be obtained at its Web site at www.sec.gov. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

All offers are subject to change without notice.  Margins are subject to change without notice.  Void where prohibited.  Offers cannot be combined unless otherwise stated.

RISK DISCLOSURE: Futures trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including options, hedging and spreads contains risk. Past performance is not indicative of future results. Margins are subject to change without notice. All promotions are subject to change without notice and void where prohibited.

There is a risk of loss in futures, forex and options trading. There is risk of loss trading futures, forex and options online. Please trade with capital you can afford to lose. Past performance in not necessarily indicative of future results. Nothing in this site is intended to be a recommendation to buy or sell any futures or options market. All information has been obtained from sources, which are believed to be reliable, but accuracy and thoroughness cannot be guaranteed. Readers are solely responsible for how they use the information and for their results. Global Fuures Exchange & Trading Co., Inc. does not guarantee the accuracy or completeness of the information or any analysis based thereon.

ITTI Systems Risk Disclosure
There is a risk of loss in futures, forex and options trading. There is risk of loss trading futures, forex and options online. Please trade with capital you can afford to lose. Past performance in not necessarily indicative of future results. Nothing in this site is intended to be a recommendation to buy or sell any futures or options market. All information has been obtained from sources, which are believed to be reliable, but accuracy and thoroughness cannot be guaranteed. Readers are solely responsible for how they use the information and for their results. International Technical Trading Institute, LLC does not guarantee the accuracy or completeness of the information or any analysis based thereon.

Hypothetical performance results have many inherent limitation, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully account for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

International Technical Trading Institute, LLC has had little or no experience in trading actual accounts for itself or for customers. Because there are no actual trading results to compare to the hypothetical performance results customers should be particularly wary of placing undue reliance on these hypothetical performance results.

Commission Rule 4.41(c)(1) applies to "any publication, distribution or broadcast of any report, letter, circular, memorandum, publication, writing, advertisement or other literature..." Commission Rule 4.41(b) prohibits any person from presenting the performance of any simulated or hypothetical futures account or futures interest of a CTA, unless the presentation is accompanied by a disclosure statement. The statement describes the limitations of simulated or hypothetical futures trading as a guide to the performance that a CTA is likely to achieve in actual trading.

Additional Risk Disclosure Document for System Traders: Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses. There have been no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss.

 
GlobalFutures.com Official Website - Futures and Forex Deep Discount Trading Firm