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Spotlight on the Fed / Economy & Futures Support and Resistance Levels 12.16.2021

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Spotlight on the Fed / Economy

By Mark O’Brien, Senior Broker
Right up to yesterday’s Producer Price Index, the U.S. economy has posted inflation measurements not seen in four decades. And yet, stocks and bonds continue to rally (the latter an inverse relationship to interest rates) and gold and silver remain under pressure.
Reading into this, from the Fed.’s standpoint (and they look at numerous other data points to guide their policy), they have felt they can remain cautious in their stance on raising interest rates – at least until pandemic-related influences on the economy abate (think supply chain shortages and resulting higher demand and prices for goods). With that said, the thinking on rate policy has indeed begun to stir. The argument that inflation is mostly transitory has been challenged – by rising wages and pretty resilient energy prices – a category traditionally kept outside core inflation measurements. It seems the last several FOMC meetings have been deemed the defining moment for the Fed. and their stance for the future of the U.S. economy. Stay tuned.

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-16-2021

Futures Trading Support and Resistance Levels 12.15.2021

 


Economic Reports, Source: 

https://bettertrader.co/ 

BetterTrader Economic Reports 12.16.2021

 

 

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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