BOE Rate Decision Tomorrow #6B_F 5.10.2018

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Dear Traders,
Thursday / May 10th / 07:00 EST / 11:00 GMT
BOE Interest Rate Decision:
Hawkish hold in the cards?
The Market Focus
No change in policy is expected. The recent run of disappointing economic data has forced the market to push out the next rate hike expectation until Q3. This has also substantially decreased the likelihood of further rises through the remainder of 2018. Nevertheless, analysts believe that the BOE is likely to signal that holding the policy rate steady in May would only be a delay in its gradual normalization scheme.
Only a few weeks ago a May rate hike seemed like a done deal but appears unlikely now. OIS now suggest the odds of a rate hike at 10% (down from 85% a month ago).
What the News Desk Says
In lieu of dovish comments and disappointing economic indicators, analysts believe a rate hike will be postponed until the August meeting.
If you like to set up a time and chat with a licensed series 3 broker, please contact us.

Good Trading!

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Futures Trading Levels

5-10-2018 

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2742.67 7021.50 24884 1621.27 9834.06
Resistance 2 2721.33 6961.25 24713 1610.93 9598.24
Resistance 1 2709.17 6928.75 24609 1603.97 9439.15
Pivot 2687.83 6868.50 24438 1593.63 9203.33
Support 1 2675.67 6836.00 24334 1586.67 9044.24
Support 2 2654.33 6775.75 24163 1576.33 8808.42
Support 3 2642.17 6743.25 24059 1569.37 8649.33
Contract June Gold #GC_F July Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1332.2 16.94 73.25 143 26/32 1.1996
Resistance 2 1325.0 16.80 72.30 143 17/32 1.1963
Resistance 1 1318.6 16.66 71.74 143  2/32 1.1922
Pivot 1311.4 16.52 70.79 142 25/32 1.1889
Support 1 1305.0 16.38 70.23 142 10/32 1.1848
Support 2 1297.8 16.24 69.28 142  1/32 1.1815
Support 3 1291.4 16.10 68.72 141 18/32 1.1774
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F June Nat Gas #NG_F
Resistance 3 407.1 523.3 1032.58 390.90 2.79
Resistance 2 405.9 519.0 1027.42 388.80 2.77
Resistance 1 404.3 514.8 1021.58 387.30 2.75
Pivot 403.2 510.5 1016.42 385.20 2.74
Support 1 401.6 506.3 1010.6 383.7 2.7
Support 2 400.4 502.0 1005.42 381.60 2.71
Support 3 398.8 497.8 999.58 380.10 2.69

Economic Reports

Source: http://app.bettertrader.co

Economic Reports - Thursday, May 10th
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.

Tags: > Posted in: Future Trading News  

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