Commissions Margins Open an Account 1-800-454-9572 Contact Us
1-800-454-9572 Contact Us Open an Account

Newsletters

Weekly Newsletters, Futures Trading Tips & Insight, Commodity Trading Educational Resources & Much More.

The Week Ahead + Futures Trading Levels for Nov. 28th

Get Real Time updates and more on our private FB group!

The Week Ahead..   the inflation count– up or countdown? 7,8,9,10

By John Thorpe, Senior Broker

 

All of the activity I will mention below will impact the outlook for interest rate decisions and the future health of our economy.

There are 7 important Gov’t reports this week , Please pay attention to the release times as they most certainly can effect the short term direction of your open positions.

Tuesday- Case-Shiller Home Price Index 8 am CST Consumer Confidence @ 9 am CST.

Wednesday- GDP and Advance Intl Trade in Goods 7:30 am CST.

Thursday-Jobless Claims and Personal Income and Outlays @7:30 AM CST

Friday- ISM Manufacturing @ 9AM CST..

There are 8 earnings numbers to watch.

Tuesday- BMO Bank of Montreal, CRWD Crowdstrike , HPE Hewlett Packard and INTU Inuit.

Wednesday- DLTR Family Dollar tree and CRM Salesforce

Thursday-ULTA Ulta Beauty and DELL Dell computer.

Friday will be a quiet earnings day.

These are important bellweather’s in their respective industries, Salesforce has been the number one stock this year boasting a 67% return.

There are 9 Fed Governor speeches this week.

Tuesday- 4 speakers Goolsbee, Waller, Bowman Barr Between 9am and 2:30 Pm CST

Wednesday- 1 Speaker Mester 12:45 CST

Thursday- 1 speaker @ 8:15 CST Williams

 

Friday- 3 Speakers Barr, Goolsbee, JEROME POWELL twice , 10am and 1PM CST

Last Friday’s OPEC meeting had been postponed until 13:00 GMT this Thursday.

According to Reuters, Nigeria and Angola wanted to have higher quotas and an agreement could not be reached. There are 10 member countries from Africa , Venezuela, Iran and Iraq round out the 13 current group members. Oil prices have taken a slide lately from $90.00US/BBL to the low $70.00’US/BBL.

The reductions in global oil prices have yet to be reflected by any meaningful measure at the retail level.

Plan your trade and trade your plan.

 

 

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

11-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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.

Trading Expertise As Featured In

Loading
Loading

Loading
Loading
Loading

Loading