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Monday,
August 18, 2008 - Weekly e-Newsletter - Issue No.316 |
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Economic Calendar |
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Date |
ET |
Release |
For |
Consensus |
Prior |
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Aug 19 |
08:30 |
Building Permits |
Jul |
949K |
1091K |
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Aug 19 |
08:30 |
Core PPI |
Jul |
0.2% |
0.2% |
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Aug 19 |
08:30 |
Housing Starts |
Jul |
963K |
1066K |
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Aug 19 |
08:30 |
PPI |
Jul |
0.6% |
1.8% |
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Aug 20 |
10:35 |
Crude Inventories |
08/16 |
NA |
-316K |
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Aug 21 |
08:30 |
Initial Claims |
08/16 |
NA |
450K |
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Aug 21 |
10:00 |
Leading Indicators |
Jul |
-0.2% |
-0.1% |
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Aug 21 |
10:00 |
Philadelphia Fed |
Aug |
-14.1 |
-16.3 |
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[View the complete international
economic calendar]
[back to top] |
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E-Mini Futures Commentary |
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-Andrey
Korchnoy, CTA, Sr. Systems Analyst |
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U.S. stocks rose for the third straight
week after oil's retreat and better-than-estimated
results from J.C. Penney Co. and Kohl's Corp. lifted
consumer shares. The S&P is still down 12 percent this
year, a retreat led by financial companies as losses
stemming from the collapse of the U.S. housing market
surpassed $500 billion. All 10 industries in the
benchmark index for U.S. equities have fallen. Also,
crude oil's 23 percent retreat since the July record of
$147.27 a barrel has driven a four-week rebound in U.S.
stocks.
[read more]
[back to top] |
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Soybean Futures Commentary |
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-Douglas
McWilliams, Sr. Broker |
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November soybean futures opened Monday,
August 11th at 1180; which was down just half a cent
from the previous Friday’s close. Analysts called
Monday’s session subdued, and reasoned that most traders
were unwilling to take on too much exposure ahead the
USDA crop report, which was due the next day. November
soybeans managed to overcome the negative influence of
lower crude, lower gold, and a stronger dollar and close
the day in higher territory. November soybeans closed
Monday at 1196; up 15 ˝ cents for the day. Monday
afternoon the USDA released their crop progress report,
and Tuesday, August 12th, before the pit session opened
they released their updated planted acreage report. As a
refresher, the last USDA report pegged 74.5 million
acres for planted soybean acres.
[read more]
[back to top] |
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Gold Futures Commentary |
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-Trenton
Kimminau, Margins Analyst/Futures Broker |
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The gold market traded lower last week.
Prices on gold futures were pressured by a stronger
dollar. We are now looking at the December expiration as
the most actively traded contract. December gold futures
lost 35.10 on Tuesday, 17 points on Thursday and lost
22.4 points on Thursday. For the week, gold futures
dropped 71.3 points, and futures are down 2.14% since
last Tuesday. The recent strength in the U.S. currency
has caused selling pressure for the gold market.
[read more]
[back to top] |
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Currency Futures Overview |
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- Andrey
Korchnoy, CTA/Sr. Systems Analyst |
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The dollar climbed to the strongest
level in almost six months against the euro and advanced
to a seven-month high versus the yen as the European and
Japanese economies shrank and crude oil dropped.
Canada's dollar gained the most in more than a month
this week after government reports showed the nation's
trade surplus increased in June and manufacturing
shipments exceeded forecasts. The pound slid for an 11th
day against the dollar yesterday, the longest run of
declines in at least 37 years, on speculation a
recession will force the Bank of England to cut interest
rates.
[read more]
[back to top] |
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Crude Oil Futures Overview |
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-Andrey
Korchnoy, CTA, Sr. Systems Analyst |
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Crude Oil has tumbled 23 percent from
the record $147.27 a barrel reached on July 11. Crude
oil for September delivery fell $1.24, or 1.1 percent,
to settle at $113.77 a barrel at 2:53 p.m. on the New
York Mercantile Exchange. Oil touched $111.34 a barrel,
the lowest since May 1, and declined 1.2 percent this
week.
[read more]
[back to top]
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Automated Trading System
Results |
Hypothetical Performance Results from ITTI,
Our Featured Automated Systems
Vendor
Top Futures Systems of
the Last 12 Months
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System |
Market |
Annual
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Top FOREX Systems of
the Last 12 Months
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System |
Market |
Annual
% Return |
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Top Futures Systems of
the Month
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System |
Market |
Monthly
% Return |
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Harbinger
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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 8/10/2008. The annual % return is calculated based on the net return. The net return is calculated as gross - $25 allowance for commissions and fees.
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+1.818.728.0415 International
www.GlobalFutures.com





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are executed by ITTI signals through ITTI recommended auto
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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
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and/or limit his losses. You should not request for this
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Please consult your broker for more detailed information.
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Automated Trading System Results
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 above does not consider systems subscription fees and includes $25 allowance per trade for slippage, commissions and fees.
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
Futures Exchange & Trading Co., Inc. does not guarantee the
accuracy or completeness of the information or any analysis
based thereon.
ITTI Systems Trading 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. |
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