This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

Blue Line Futures is a leading futures and commodities brokerage firm located at the Chicago Board of Trade. We work with clients that range from institutional to professional to novice and from self-directed to broker-assisted. No matter what type of trader you are, our mission is simple; to put the client first. This means bringing YOU strong customer service, consistent and reliable research and state of the art technology. Visit our website at www.bluelinefutures.com to open an account and stay up to date with our research.

Blue Line Futures

June 14, 2019

Morning Express

U.S benchmarks notched a fundamentally and technically constructive session yesterday. Although it felt price action shrugged off soft CPI data on Wednesday, we believe this to have overall kept bidders glued to a tiring rally. First and foremost, there is absolutely nothing wrong for a rally to consolidate after running 6.7% (S&P) from low to high in just about a week.

Read More
Blue Line Futures

June 10, 2019

FX Rundown

Fundamentals: The Dollar slipped on Friday following an underwhelming Nonfarm Payroll report. Average Hourly Earnings came in at +0.2% versus +0.3% expected and weak job growth was confirmed. This lifted the Euro to nearly a two-month high and secured a breakout above trend line resistance.

Read More
Blue Line Futures

June 10, 2019

Grain Express

Corn futures are softer to start the week on the back of some better weather over the weekend, allowing some planting to get done in areas that are far behind. Crop progress will be released this afternoon, expectations are for the crop to be 80-85% complete, a big jump from 67% last week.

Read More
Blue Line Futures

June 5, 2019

Morning Express

Federal Reserve Chair Powell lit a fire under equity markets yesterday affirming the committee is ready to “act as appropriate”. We have said it before, and we will say it again; the Fed is in the driver’s seat.

Read More
Blue Line Futures

June 3, 2019

FX Rundown

Fundamentals: Deteriorating global conditions are now being led by the U.S. The Eurozone has displayed dismal growth for months, but the U.S had been shaking the broader trend.

Read More
Blue Line Futures

May 20, 2019

FX Rundown

Fundamentals: A weaker risk-environment at the onset of U.S hours abated, and the Euro recovered from a two and a half week low. Volatility between Friday and today was very low signaling that traders are waiting for the next catalyst to either driver prices through a long-tested level of support or find value for yet another bounce. Brexit, Italy and global trade all hang in the balance.

Read More
Blue Line Futures

May 20, 2019

Grain Express

All eyes are on weather this week as planting delays persist throughout the Midwest. Expectations are for the crop to be 40-50% completed, well shy of the 5-year average, 80%. Expectations of less acres and/or decreased yield have put a premium into the market and will likely continue to as the heavily short funds look to cover and potentially flip long. Friday’s Commitment of Traders report showed funds with a net short position of 282,918 futures/options, little changed from the previous week. Keep in mind that that data is collected through Tuesday, estimates for the back half of the week show funds reduced another 73,000 contracts, putting the real time estimate closer to -210,000 futures/options.

Read More
Blue Line Futures

May 14, 2019

FX Rundown

Risk-sentiment worsened into this morning on escalating U.S-China trade tensions and sent the odds for a Fed rate cut in 2019 above 70%. Typically, the Euro has been beaten-up along with risk-sentiment but today this wasn’t the case. In fact, although the Chinese Yuan shed 0.78% against the Dollar, the Dollar did not garner broad safe-haven tailwinds versus other currencies, as seen in the past. It did pare early losses to finish unchanged with the Euro stalling at the psychological 1.13 mark.

Read More
Blue Line Futures

May 9, 2019

Morning Express

U.S. benchmarks struggled to hold rally attempts yesterday, and the third failure at major three-star resistance led to a soft close. Investors and traders alike are clearly approaching this market with an understanding of the imminent headline risk, as trade talks heat up in Washington ahead of a deadline to raise tariffs Friday.

Read More
Blue Line Futures

May 7, 2019

Morning Express

U.S. benchmarks got smacked with a tape bomb at 3:59 pm CT, seconds before the electronic close. An otherwise strong U.S. session pared the bulk of its recovery after U.S. Trade Representative Lighthizer confirmed the White House would move forward with raising tariffs from 10% to 25% on $200 billion worth of Chinese goods at 12:01 am ET Friday. The S&P slipped more than 20 points in seconds. The caveat being, no individual would have panicked so quickly, with such a little amount of time ahead of the electronic close; this was the work of algos. From another perspective, agricultural markets have experienced extreme swings due to the trade war and were closed amidst the headline. This allowed for a much calmer open, in fact, Corn is positive.

Read More
Blue Line Futures

May 6, 2019

Tradable Events this Week

Risk sentiment roared higher to finish the week. Nonfarm Payroll again provided the green light for equity markets with wage growth coming in steady but below expectations at +0.2% MoM accompanied by another strong month of job gains at 263,000. Traders and investors alike pared back risk Wednesday and into Thursday after Fed Chair Powell called dissipating inflation transitory at his post-FOMC meeting press conference. Thursday’s closing levels had the S&P 1.5% from a new record high set early Wednesday. Healthy pullbacks in U.S equity markets this year have provided tremendous buying opportunities and with the S&P and NQ gaining 1% and 1.7% on Friday, this pullback was just that.

Read More
Blue Line Futures

May 1, 2019

Morning Express

When Alphabet and Apple weighed on the tech-heavy NQ yesterday, it was the S&P that did the heavy lifting. Comments from White House Chief of Staff Mulvaney shook sentiment early despite a stronger-than-expected read on U.S. CB Consumer Confidence. He said that U.S. and China trade will get resolved “one way or the other” in the next two weeks, and the U.S. would not make a deal unless it is a “great one”. Both indices slipped to levels of support before battling back as the session unfolded. News of a potential bipartisan infrastructure spending bill certainly helped lift the tape. The fireworks, as expected, came from Apple’s earnings after the bell. They beat expectations despite the continued drop in iPhone sales. However, it was the services division achieving record revenue, coupled with announcing $75 billion in buybacks, raising the dividend and guidance that rocketed the stock up more than 5% premarket.

Read More
Blue Line Futures

May 1, 2019

FX Rundown

Stronger than expected Eurozone GDP numbers led the Euro higher today ahead of tomorrow’s FOMC policy announcement and presser. Overall, it was the best growth since Q2 last year that outweighed a miss on Chinese Manufacturing and a beat on U.S Consumer Confidence to help the Euro climb to a pivotal level of technical resistance. Also, adding fuel was surprisingly better than expected reads from Europe’s largest economy Germany; Consumer Climate, Unemployment and CPI. With much of Europe on Labour Day holiday tomorrow, it will be the U.S that drives the tape. First, we look to the private ADP Payroll survey at 7:15 am CT followed by a Manufacturing PMI at 8:45 am CT and the more important ISM Manufacturing at 9:00 am CT.

Read More
Blue Line Futures

April 30, 2019

FX Rundown

The Euro continued to dig out of the lowest level since June 2017 as traders eye a deluge of information this week. The Dollar Index surged higher by 1% last week ahead of the first look at U.S Q1 GDP. Despite a blowout headline number of 3.2%, the Dollar lost ground on Friday due to bloated inventories boosting the results. In Sunday’s Tradable Events this Week, we take a look at GDP and this week’s upcoming events. Today, a slew of sentiment reads from the Eurozone were overall mixed and U.S PCE inflation data was soft at 1.6% versus 1.7%. This is the Federal Reserve’s preferred inflation indicator and certainly does not provide them any reason to alter their dovish path. However, Consumer Spending surged by 0.9%, the most since 2009.

Read More
trading top