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

August 19, 2019

FX Rundown: August 19th, 2019

Fundamentals: The Euro secured its fifth straight losing session after Eurozone CPI was soft and the German Bundesbank warned of a recession in its latest Monthly Report this morning. Although Michigan Consumer data in the U.S missed on Friday, broadly stronger data throughout the week helped fuel the Dollar Index to the highest level since August 1st, the day after the Fed cut. Uncertainties tied to Italy and the ongoing Brexit have also dragged on the Euro of late. Today, Boston Fed President Rosengren who is known to be a hawk advised against additional rate cuts. The debate will heat up in the back half of the week as the Fed releases the Minutes from their July rate-cut meeting Wednesday and the Jackson Hole symposium kicks off Thursday with the keynote speech from Fed Chair Powell Friday.
Technicals: Price action slipped below support at 1.1201 midweek last week and has continued to slide. In fact, Friday was a new front-month settlement low by half a tick and today’s was lower. The Euro is now below key support at 1.11265-1.1149 and there does not seem to be much technically in the way between where it is now and a direct test into … Please sign up for a Free Trial at Blue Line Futures to view our entire technical outlook and actionable bias and levels.

Read More
Blue Line Futures

August 13, 2019

Morning Express: August 13, 2019

U.S benchmarks are doing their best to stave off waves of selling as mounting recession fears and geopolitical concerns rattle risk-sentiment around the globe. Germany’s closely watched ZEW Sentiment this morning was worse than expected and at the lowest level since December 2011. Hong Kong’s international airport is again closed; the ongoing protest and violence are showing no signs of dissipating.

Read More
Blue Line Futures

August 9, 2019

Grain Express: August 9, 2019

Export sales yesterday morning came in at 239,500 metric tons, below the low end of expectations. Weather has turned hot and dry for some areas (Surprise, it’s August), causing some concern for late planted corn, there’s a lot of it. Estimates for Monday’s USDA report have been rolling out and that has helped put some premium in the markets this week. Below are estimates from Reuters.

Read More
Blue Line Futures

August 7, 2019

Morning Express: August 7, 2019

Equity markets are off their best levels of the session and U.S Treasury yields are in the spotlight. Recession fears are being echoed loud and clear after three central banks (from New Zealand, India and Thailand) cut rates and German Industrial Production fell sharply. There is no major U.S data on today’s economic calendar but Chicago Fed President Evans speaks at 11:00 am CT and there is a 10-year Note auction at noon CT.

Read More
Blue Line Futures

July 29, 2019

FX Rundown

Fundamentals: After stronger than expected U.S Q2 GDP Friday, the Dollar Index secure its second highest weekly settlement of the year, the highest region since May 2017. The front-month September contract reached a new high on Friday, trailing the Euro’s timeline which set a new September low Tuesday. On Thursday, ECB President Mario Draghi stabilized the Euro at its continuous front-month low by saying he does not see a recession as likely. Both currencies are lurking at extremes and awaiting a catalyst this week for a direction breakout (Dollar), breakdown (Euro) or rejection. Although it was a quiet start to the week, the economic calendar is jam-packed. Early Dollar gains dissipated after Dallas Fed Manufacturing decreased by more than expected. Things pick up quickly and early tomorrow. French GDP is due tomorrow at 12:30 am CT. German Consumer Climate follows at 1:00 am CT. Broad Eurozone reads on Confidence and Climate are due at 4:00 am CT. German CPI is out at 7:00 am CT. The closely watched Core PCE Price Index, the Federal Reserve’s preferred inflation indicator, is released at 7:30 am CT and accompanied by Personal Spending, Income and Consumption data. Q2 PCE on Friday came in at 1.8%, below expectations of 2.0% that align with the Fed’s target and this softened the Dollar’s GDP gains. Case Shiller Home Price Index is out at 8:00 am CT and follows a slew of underwhelming housing reads in recent weeks or essentially all year. The closely watched CB Consumer Confidence is due at 9:00 am CT along with Pending Home Sales. The Fed is expected to cut rates on Wednesday.
Technicals: Price action is showing signs of stability, trading nearly a half penny from early session lows as it builds a base at major three-star support at … Fundamentals: After stronger than expected U.S Q2 GDP Friday, the Dollar Index secure its second highest weekly settlement of the year, the highest region since May 2017. The front-month September contract reached a new high on Friday, trailing the Euro’s timeline which set a new September low Tuesday. On Thursday, ECB President Mario Draghi stabilized the Euro at its continuous front-month low by saying he does not see a recession as likely. Both currencies are lurking at extremes and awaiting a catalyst this week for a direction breakout (Dollar), breakdown (Euro) or rejection. Although it was a quiet start to the week, the economic calendar is jam-packed. Early Dollar gains dissipated after Dallas Fed Manufacturing decreased by more than expected. Things pick up quickly and early tomorrow. French GDP is due tomorrow at 12:30 am CT. German Consumer Climate follows at 1:00 am CT. Broad Eurozone reads on Confidence and Climate are due at 4:00 am CT. German CPI is out at 7:00 am CT. The closely watched Core PCE Price Index, the Federal Reserve’s preferred inflation indicator, is released at 7:30 am CT and accompanied by Personal Spending, Income and Consumption data. Q2 PCE on Friday came in at 1.8%, below expectations of 2.0% that align with the Fed’s target and this softened the Dollar’s GDP gains. Case Shiller Home Price Index is out at 8:00 am CT and follows a slew of underwhelming housing reads in recent weeks or essentially all year. The closely watched CB Consumer Confidence is due at 9:00 am CT along with Pending Home Sales. The Fed is expected to cut rates on Wednesday.
Technicals: Price action is showing signs of stability, trading nearly a half penny from early session lows as it builds a base at major three-star support at … Please sign up for a Free Trial at Blue Line Futures to view our entire technical outlook and actionable bias and levels.

Read More
Blue Line Futures

July 29, 2019

Grain Express: July 29, 2019

Corn futures softened up last week as better weather started to appear on intermediate term forecasts. This is undoubtedly good news for what is in the ground, but there is still an enormous amount of uncertainty regarding how many acres got in the ground. The wild card that is starting to garner more attention is the possibility of an early frost, this is a real scenario, but not one to hang your hat on. Friday’s Commitment of Traders report showed funds sold 34,0444 contracts, trimming their net long position back to 153,216 contracts. Crop Progress will be out later this afternoon, we would not be surprised to see good/excellent ratings steady with last week (57%).

Read More
Blue Line Futures

July 24, 2019

Grain Express: July 24, 2019

Corn traded both sides of unchanged in yesterday’s sessions as traders and other market participants try to digest known information while weighing looming question marks (yields and planted acres). We continue to believe that the lingering question marks will provide some sort of a floor in the market.

Read More
Blue Line Futures

July 22, 2019

Morning Express: July 22, 2019

Earnings, trade and the Fed are all in focus this week and expectations will gyrate, but you must keep a pulse on these three charts, Bill Baruch joined CNBC’s Trading Nation on Friday to discuss. U.S benchmarks slipped sharply into Friday afternoon as Fed rate cut expectations for next week’s meeting were toned down.

Read More
Blue Line Futures

July 19, 2019

Morning Express: July 19, 2019

The Federal Reserve is in the driver’s seat and yesterday’s rip higher was the latest example. NY Fed President Williams said the central bank should act quickly and preemptively to fight economic slowdowns. U.S benchmarks were meagerly off session lows and arguably attempting to bottom but his comments boosted the S&P from 2984 to a high of 3001.50 in an hour.

Read More
Blue Line Futures

July 17, 2019

Morning Express: July 17, 2019

U.S benchmarks finished lower yesterday. Overhead technical resistance and strong Retail Sales data brought an early ceiling to price action. Retail Sales has trended better since February and coming on the heels of stronger CPI, solid job growth and less-worse Manufacturing it begins to raise longer term doubts to the path of Federal Reserve rate cuts already priced into the market.

Read More
Blue Line Futures

July 15, 2019

FX Rundown: July 15th, 2019

Euro (September) Fundamentals: Rounding out last week, there were some positives for the Euro; German Harmonised CPI surprised to the upside and Industrial Production was a bright spot. However, this was only one side of the coin; U.S CPI also surprised to the upside and today fresh July NY Empire State Manufacturing bounced back from … Continue reading FX Rundown: July 15th, 2019

Read More
Blue Line Futures

July 10, 2019

Morning Express: July 10, 2019

U.S benchmarks are consolidating back a bit after a constructive session and ahead of Fed Chair Powell’s two-day semiannual Congressional testimony. This starts at 9:00 am CT with the House Financial Services Committee. For the first time in about a month, the CME’s FedWatch Tool is signaling there’s a chance the Federal Reserve leaves rates unchanged at their July 31st meeting, a probability now at 4.4%.

Read More
Blue Line Futures

July 8, 2019

FX Rundown: July 8th, 2019

Euro (September) Session close: Settled at 1.1276, down 9.5 ticks Fundamentals: Strong U.S job growth Friday was the latest catalyst pressuring the Euro in a slide now going on two weeks. Last week, U.S ISM Manufacturing was not as bad as feared and Manufacturing Payrolls crushed expectations in the first sign that U.S growth could … Continue reading FX Rundown: July 8th, 2019

Read More
Blue Line Futures

July 8, 2019

Grain Express: July 8, 2019

There were fireworks in the corn market last week (couldn’t pass up the layup pun). Weather patterns for the next 2 weeks have shifted towards hotter and dryer conditions, which has sparked some concerns. If the hotter and dryer weather persists and becomes a trend, we would expect to see that stress the immature crop.

Read More
Blue Line Futures

June 27, 2019

Grain Express: June 27, 2019

Export sales this morning came in at 294,900 metric tons of old crop and 110,100 metric tons of new crop. Focus will remain on tomorrow’s USDA report, out at 11am cst. Estimates for corn acres are coming in near 86.66 million, down from 89.80 in the June WASDE report.

Read More
Blue Line Futures

June 26, 2019

Morning Express: June 26, 2019

U.S benchmarks fell under pressure yesterday after Fed Chair Powell exuded more patience than assurance in cutting rates. Adding weight to the tape early evening was comments from St. Louis Fed President Bullard, the lone dissenter last week.

Read More
Blue Line Futures

June 24, 2019

FX Rundown: June 25th, 2019

Fundamentals: U.S Dollar weakness through Friday pushed the Euro out above a significant resistance level that aligned with the 100-day moving average and today there was follow-through.

Read More
Blue Line Futures

June 24, 2019

Grain Express: June 24, 2019

Corn futures were choppy in the back half of last week as July option expiration likely played a role in price action. All eyes will be on the weekly Crop Progress report, released today at 2pm cst. Expectations are for corn to be 98% planted; keep in mind that this number is a huge gray area as it represents planting intentions as of this week, not original planting intentions.

Read More
trading top