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Monday, August 1, 2016 - Weekly e-Newsletter - Issue No. 716

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Economic Calendar
Date
ET
Release
For
Consensus
Prior
Aug 1
10:00 AM
Construction Spending
Jun
NA
-0.8%
Aug 1
10:00 AM
ISM Index
Jul
NA
53.2
Aug 2
8:30 AM
Personal Income
Jun
NA
0.2%
Aug 2
8:30 AM
Personal Spending
Jun
NA
0.4%
Aug 2
8:30 AM
PCE Prices
Jun
NA
0.2%
Aug 2
2:00 PM
Auto Sales
Jul
NA
4.95M
Aug 2
2:00 PM
Truck Sales
Jul
NA
8.24M
Aug 3
7:00 AM
MBA Mortgage Index
07/30
NA
NA
Aug 3
8:15 AM
ADP Employment Change
Jul
NA
172K
Aug 3
10:00 AM
ISM Services
Jul
NA
56.5
Aug 3
10:30 AM
Crude Inventories
07/30
NA
1.671M
Aug 4
7:30 AM
Challenger Job Cuts
Jul
NA
-14.0%
Aug 4
8:30 AM
Initial Claims
07/30
NA
266K
Aug 4
8:30 AM
Continuing Claims
07/23
NA
2139K
Aug 4
10:00 AM
Factory Orders
Jun
NA
-1.0%
Aug 4
10:30 AM
Natural Gas Inventories
07/30
NA
17 bcf
Aug 5
8:30 AM
Nonfarm Payrolls
Jul
NA
287K
Aug 5
8:30 AM
Nonfarm Private Payrolls
Jul
NA
265K
Aug 5
8:30 AM
Unemployment Rate
Jul
NA
4.9%
Aug 5
8:30 AM
Average Hourly Earnings
Jul
NA
0.1%
Aug 5
8:30 AM
Average Workweek
Jul
NA
34.4
Aug 5
8:30 AM
Trade Balance
Jun
NA
-$41.1B
Aug 5
3:00 PM
Consumer Credit
Jun
NA
$18.6B
 
This Week in History

8/1/1997 - Boeing purchased McDonnell-Douglas and became nation's leading commercial aircraft manufacturer

8/2/1824 - America's most fashionable street--known for upscale businesses such as Tiffany's and McCreery's--started as a residential area.

8/3/1981 - 13,000 members of U.S. PATCO went on strike; President Reagan fired 11,500 strikers--a big hit to organize labor

8/4/1997- Organized labor struck UPS with a successful strike after a series of defeats in 1980; UPS conceded to demands and sales volume dropped 8%

8/5/1983 - Court ruling forced AT&T to split its monopolostic hold into seven regional service providers; assets shrunk from $149.5 to $34 billion

8/6/1997 - Microsoft bought a minority stake in struggling computer company, Apple, after which the latter made a gradual comeback

BACK TO BASICS
Understanding Contract Sizes: Standard, Mini, and Micro Contracts

Futures contracts come in different sizes. You have the standard contract, which indicates the largest contract size for an underlying commodity and the mini contract which holds a smaller fraction of the underlying. Some commodities even have micro contracts whose size is smaller than the mini contract.

Note that each contract size is a completely separate and distinct contract that reflects the value of an underlying product (whether it is deliverable or cash-settled). A mini or micro contract is not simply a fractional distribution of a larger contract. Each contract size is a distinct contract and will most likely vary in price and trading volume.

 

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