The
@CMEGroup rolled
#FeederCattle to the August contract this morning, however; the volume is still in the May contract so day-trading either is fine for the next week but switch to the "Q" contract for swing trading.
The volume in
#CrudeOil continues to shift to the June contract; all the
#energy futures are rolling over to the "M" contracts, except for Natural Gas which is not due to rollover for another week.
The volume in
#SoybeanMeal is shifting to the July contract, as all the
#grains are expected to rollover to the "N" contracts in the next week or so.
The share prices of Advanced Micro Devices
$AMD, Intel Corp
$INTC, and other US
#microchip producers have been falling in the pre-market after the Chinese government ordered Chinese telecommunication companies to phase out the use of foreign processors.
This morning we get a Consumer Sentiment report at 10:00am ET; the Baker Hughes Rig count at 1:00pm ET; and three
#FedSpeakers today.
The European Central Bank
#ECB kept
#InterestRates unchanged yesterday, but hinted to a
#RateCut at the June meeting.
The British
#UKEconomy is no longer in a
#TechnicalRecession after last night's GDP report showed .01% growth last quarter.