Accessible Trading when exploring MICRO Treasury Futures - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Accessible Trading when exploring MICRO Treasury Futures

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MICRO Treasury Futures

As discussed in this recent article, What Drives Long-Term Treasury Yields, 10-Yr Treasury yields are heavily influenced by inflation expectations, economic growth, and monetary policy.

 

There has been significant uncertainty around inflation expectations and monetary policy recently. This has generated significant volatility in 10-Yr Treasury yields and prompted significant trading activity in 10-Yr Yield futures, particularly around key economic data releases including CPI, PCE, non-farm payroll, and FOMC decisions.

 

The market will be closely watching upcoming inflation data releases that heavily influence the Fed’s monetary policy path, including:

· 5/14 – Consumer Price Index (CPI)

· 5/31 – PCE

Yield futures allow the market to express their views on the impact of these releases on Treasury yields going forward.

Source: https://www.cmegroup.com/tools-information/communications/e-communication-disclaimer.html

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

 

Daily Levels for May 17th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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