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Friday, April 7th
US March Non-Farm Payroll Report
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Friday 08:30 EST /13:30GMT
(US) Mar Change in Non-farm Payrolls
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What the News Desk Says
The March employment report is expected to continue the trend of solid job growth seen in recent months. The jobless rate is forecast to stay at 4.7% and nonfarm payrolls gains are expected at 176 thousand.
With the Fed beginning to tighten rates in earnest, major data points like the employment report will influence expectations for the tightening cycle. The baseline expectation is for a total of three rate hike this year, but if the data trends better than expected it could open the door for a fourth rate hike in 2017… More…..
GOOD TRADING
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.
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Levels for Trade Date of 04.07.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2386.58 | 5488.42 | 20865 | 1397.60 | 101.16 |
| Resistance 2 | 2373.92 | 5462.83 | 20778 | 1380.90 | 100.92 |
| Resistance 1 | 2363.33 | 5441.17 | 20687 | 1372.00 | 100.78 |
| Pivot | 2350.67 | 5415.58 | 20600 | 1355.30 | 100.53 |
| Support 1 | 2340.08 | 5393.92 | 20509 | 1346.40 | 100.39 |
| Support 2 | 2327.42 | 5368.33 | 20422 | 1329.70 | 100.15 |
| Support 3 | 2316.83 | 5346.67 | 20331 | 1320.80 | 100.01 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1268.9 | 18.54 | 53.14 | 153 | 1.0762 |
| Resistance 2 | 1264.9 | 18.45 | 52.48 | 152 16/32 | 1.0740 |
| Resistance 1 | 1259.3 | 18.35 | 52.09 | 152 3/32 | 1.0707 |
| Pivot | 1255.3 | 18.26 | 51.43 | 151 19/32 | 1.0686 |
| Support 1 | 1249.7 | 18.16 | 51.04 | 151 6/32 | 1.0653 |
| Support 2 | 1245.7 | 18.07 | 50.38 | 150 22/32 | 1.0631 |
| Support 3 | 1240.1 | 17.97 | 49.99 | 150 9/32 | 1.0598 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 368.4 | 436.9 | 951.00 | 313.37 | 3.45 |
| Resistance 2 | 366.6 | 433.6 | 948.50 | 312.23 | 3.39 |
| Resistance 1 | 363.7 | 428.4 | 945.00 | 310.47 | 3.35 |
| Pivot | 361.8 | 425.1 | 942.50 | 309.33 | 3.29 |
| Support 1 | 358.9 | 419.9 | 939.0 | 307.6 | 3.2 |
| Support 2 | 357.1 | 416.6 | 936.50 | 306.43 | 3.19 |
| Support 3 | 354.2 | 411.4 | 933.00 | 304.67 | 3.14 |
All times are Eastern time Zone (EST)
Source: http://www.forexfactory.com/calendar.php
| Date | 3:55pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriApr 7 | 2:00am | EUR |
German Industrial Production m/m
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-0.1% | 2.8% | ||||
| EUR |
German Trade Balance
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19.4B | 18.5B | ||||||
| 2:45am | EUR |
French Gov Budget Balance
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-5.4B | ||||||
| EUR |
French Industrial Production m/m
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0.5% | -0.3% | ||||||
| EUR |
French Trade Balance
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-4.9B | -7.9B | ||||||
| 3:30am | GBP |
Halifax HPI m/m
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0.2% | 0.1% | |||||
| 4:00am | EUR |
Italian Retail Sales m/m
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-0.1% | 1.4% | |||||
| 4:30am | GBP |
Manufacturing Production m/m
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0.3% | -0.9% | |||||
| GBP |
Goods Trade Balance
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-10.9B | -10.8B | ||||||
| GBP |
Construction Output m/m
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0.1% | -0.4% | ||||||
| GBP |
Industrial Production m/m
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0.2% | -0.4% | ||||||
| 5:00am | GBP |
BOE Gov Carney Speaks
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| 8:00am | GBP |
NIESR GDP Estimate
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0.6% | ||||||
| 8:30am | USD |
Average Hourly Earnings m/m
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0.2% | 0.2% | |||||
| USD |
Non-Farm Employment Change
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174K | 235K | ||||||
| USD |
Unemployment Rate
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4.7% | 4.7% | ||||||
| 10:00am | USD |
Final Wholesale Inventories m/m
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0.1% | -0.1% | |||||
| 12:15pm | USD |
FOMC Member Dudley Speaks
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| 3:00pm | USD |
Consumer Credit m/m
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14.2B | 8.8B |
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.